8 Wallace Street, Newnham, TAS 7248 | Property Value & History | OnTheHouse
 
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8 Wallace Street
Newnham TAS 7248

Bedrooms: 2
Bathrooms: 1
Car spaces: 6
Floor area: 98m2
Land area: 605m2
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Last updated 1 Dec 2025
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Property Details for 8 Wallace St, Newnham

8 Wallace St, Newnham is a 2 bedroom, 1 bathroom House with 6 parking spaces and was built in 1973. The property has a land size of 605m2 and floor size of 98m2. While the property is not currently for sale or for rent, it was last sold in January 2020.

Building Type
House
Year Built
1973
Floor Size
98m2
Land Size
605m2
Local Government
Launceston
Lot/Plan
39/65320

Last Listing description (February 2020)

You will be the Wally if you miss out on this one! Where can you find a good property in this price range? In Wallace Street! This property is a great opportunity to step into the market at an affordable price. Situated on a level block this solid home is ready for a new owner and with some cosmetic updates a savvy buyer can reap the rewards. The floor plan currently offers separate kitchen, large family living room, bathroom and 2 generous bedrooms, the master with separate entrance. The original 3rd bedroom which is now part of the living area could be converted back to a bedroom if required. This property offers many possibilities and is one for 1st home buyers, renovators, investors and downsizers to consider.

Property History for 8 Wallace St, Newnham, TAS 7248

A timeline of how this property has performed in the market
Last Sold
$218,515
03 Jan 2020
  • 03 Jan 2020
    Sold for $218,515
  • 12 Nov 2019
    Listed for Sale $214,000
  • 27 Jul 1983
    Sold for $30,000
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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 64.90% increase in median value, while Units have seen a 53.88% increase. As at 31 October 2025:

  • The median value for Houses in Newnham is $491,229 while the median value for Units is $367,742.
  • Houses have a median rent of $480 while Units have a median rent of $400.
There are currently 16 properties listed for sale, and 5 properties listed for rent in Newnham on OnTheHouse. According to Cotality's data, 120 properties were sold in the past 12 months in Newnham.

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© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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