3/5-7 Patricia Place, Newnham, TAS 7248 | Property Value & History | OnTheHouse
OFF MARKET

3/5-7 Patricia Place
Newnham TAS 7248

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 80m2
Land area: 155m2
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Property Details for 3/5-7 Patricia Pl, Newnham

3/5-7 Patricia Pl, Newnham is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1990. The property has a land size of 155m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in September 2024.

Building Type
Unit
Year Built
1990
Floor Size
80m2
Land Size
155m2
Local Government
Launceston
Lot/Plan
3/149621

Last Listing description (November 2024)

The perfect blend of comfort and investment potential with this neat and tidy 2-bedroom unit, situated in a peaceful location. Whether you're a first home buyer looking for a welcoming space to call your own or an investor seeking a property with excellent returns, this unit ticks all the boxes.

The open-plan living and dining area is bathed in natural light, creating a warm and inviting atmosphere. Both bedrooms are generously sized, offering a quiet retreat at the end of the day. The unit is low-maintenance, allowing you to enjoy the lifestyle this location offers without the hassle of extensive upkeep.

Currently achieving a strong rental return of $365 per week, this property is a solid investment opportunity. The surrounding area is known for its tranquillity, providing a peaceful environment while still being conveniently close to local amenities, shops, and the UTAS Newnham campus.

Don't miss your chance to secure this excellent property-ideal for those looking to invest or settle into a comfortable home in a serene setting. Contact Rebekah today!

Property History for 3/5-7 Patricia Pl, Newnham, TAS 7248

A timeline of how this property has performed in the market
Last Sold
$310,000
30 Sep 2024
Listed for Rent
$240/w
02 Nov 2015
  • 30 Sep 2024
    Sold for $310,000
  • 03 Sep 2024
    Listed for Sale Offers Over $299,000
  • 19 Oct 2015
    Listed for Rent - Price not available
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About 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 68.01% increase in median value, while Units have seen a 60.14% increase. As at 30 November 2025:

  • The median value for Houses in Newnham is $503,836 while the median value for Units is $375,048.
  • Houses have a median rent of $480 while Units have a median rent of $400.
There are currently 15 properties listed for sale, and 4 properties listed for rent in Newnham on OnTheHouse. According to Cotality's data, 126 properties were sold in the past 12 months in Newnham.

Suburb Insights for Newnham 7248

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.