2/37 Bishops DriveNewnham TAS 7248
Property Details for 2/37 Bishops Dr, Newnham
2/37 Bishops Dr, Newnham is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1974. The property has a land size of 149m2 and floor size of 74m2. While the property is not currently for sale or for rent, it was last sold in December 2025. There are other 2 bedroom Unit sold in Newnham in the last 12 months.
Last Listing description (December 2025)
A rare chance to own an entire complex of three co-joined two-bedroom units on individual titles - with no body corporate or strata obligations to other owners. This rare set-and-forget asset delivers a strong rental yield above 6% with tenants already in place. Each low-maintenance brick unit offers a galley kitchen, generous living, built-in storage, bathroom with laundry facilities, separate toilet, reverse cycle air conditioning and a sunny backyard plus its own carport.
Set on a flat block just minutes from Mowbray's shops and services, close to TAFE, the University, the Maritime College and only ten minutes from Launceston's CBD.
Three titles, three tenants - this solid brick investment delivers immediate returns without strata headaches in a sought-after rental location.
Key Features:
Unique investment opportunity (3 co-joined units on individual titles)
Tenants in place - set and forget
Three low maintenance brick two-bedroom units
No body corporate fees or strata corporations to worry about (one owner)
Galley kitchens, dining areas and generous size living rooms
Two double bedrooms in each, all with built in storage
Bathrooms incorporate the laundry facilities & offer a bath
Convenience of separate toilets
Reverse cycle air conditioning in each
Flat, easy care block - each has a sunny backyard
Carport assigned to each unit
Just 6 minutes' drive to shops, supermarkets, eateries & services in Mowbray
Close to TAFE College, University, Aust Maritime College and all city conveniences
Only 10 Minutes to Launceston's CBD
Jeremy Wilkinson's Launceston's most recommended agent - happy to chat whenever you're ready.
Rental return:
Unit 1 - $360 Lease end 12/6/2026
Unit 2 -$400 pw Lease end 12/2/2027
Unit 3 - $350 pw Lease end 24/9/2026
Rates: $1600pa approx
Unit sizes: 80 sqm each
Land size: Unit 1 - 209 sqm, Unit 2 - 149 sqm, Unit 3 - 214 sqm
Built: 1981
Council: Launceston
Council Zoning: General Residential
**Harcourts Launceston has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate**
Property History for 2/37 Bishops Dr, Newnham, TAS 7248
- 16 Dec 2025Sold for $600,000
- 03 Dec 2025Listed for Sale Best Offer Over $895,000
- 29 Jan 2025Listed for Rent $380 / week
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0About Newnham 7248
The size of Newnham is approximately 6.1 square kilometres. It has 8 parks covering nearly 2.7% of total area. The population of Newnham in 2016 was 6453 people. By 2021 the population was 7073 showing a population growth of 9.6% in the area during that time. The predominant age group in Newnham is 20-29 years. Households in Newnham are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Newnham work in a labourer occupation.In 2021, 60.70% of the homes in Newnham were owner-occupied compared with 60.40% in 2016.
Newnham has 2,985 properties. Over the last 5 years, Houses in Newnham have seen a 67.52% increase in median value, while Units have seen a 63.44% increase. As at 31 December 2025:
- The median value for Houses in Newnham is $524,885 while the median value for Units is $380,878.
- Houses have a median rent of $490 while Units have a median rent of $400.
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