Property Details for 3/37 Bishops Dr, Newnham
3/37 Bishops Dr, Newnham is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1974.
Last Listing description (November 2018)
Fantastic Investment Opportunity!!
Here is an opportunity worthy of your attention not only to take advantage of the great rental returns but also the bonus of the larger than average parcel of land that comes with the 3 units. On approximately 1200 m2, the three strata titled units make a sound investment and lend itself open for further development if desired S.T.C.A. Each unit consists of 2 good sized bedrooms, living room, bathroom/laundry as well as separate toilet and a kitchen which gives you plenty of scope to enhance with an upgrade in time to come. Each unit also has a private low maintenance rear yard which creates a pleasant place to relax, as well as easy access to over 14 hectares of park just over your back fence. Currently the units are fully tenanted at $600 per week with plenty of scope for further improvements to help gain further rent in the future. With great tenants in place, you can be rest assured you are purchasing a sound investment. To find out more about the units or simply book an inspection, contact today......
Property History for 3/37 Bishops Dr, Newnham, TAS 7248
- 16 Nov 2018Listed for Sale Open To Offers
- 06 Aug 2018Listed for Sale Open To Offers
- 24 May 2018Listed for Sale Open To Offers
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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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