1/24A Penquite Road, Newstead, TAS 7250 | Property Value & History | OnTheHouse
 
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1/24A Penquite Road
Newstead TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 96m2
Land area: 285m2
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Last updated 29 Dec 2025
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Property Details for 1/24a Penquite Rd, Newstead

1/24a Penquite Rd, Newstead is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1981. The property has a land size of 285m2 and floor size of 96m2. While the property is not currently for sale or for rent, it was last sold in December 2018.

Building Type
Unit
Year Built
1981
Floor Size
96m2
Land Size
285m2
Local Government
Launceston
Lot/Plan
1/58757

Last Listing description (January 2023)

Available for rent is this ideally located two bedroom unit in Newstead. It is within walking distance to the Newstead shopping and medical center. The property is also close to public transport, gyms, restaurants and more.

Features include:
- Kitchen with electric cooking and plenty of storage

- Spacious lounge room and separate dining room
- Main bedroom with built in wardrobe
- Additional second bedroom
- Updated bathroom with separate shower and bath
- Separate laundry and toilet
- Paved outdoor entertaining area with low maintenance garden
- Garage for one car and off street park
- NBN connected
- Reverse cycle heating and cooling that is ducted through the property

Terms of tenancy:
Rent: $430 per week
Available: 27th January 2023
Lease length: 12 month lease preferred
Pet policy: Pets considered upon application
Apply: Online ***

IMPORTANT INFORMATION:
Send an enquiry or apply for the property using the "get in touch" or "apply" buttons and we will instantly respond with details on how you can inspect the property. All viewings will be by appointment only.

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Property History for 1/24a Penquite Rd, Newstead, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$220,000
21 Dec 2018
Listed for Rent
$430/w
30 Jan 2023
  • 20 Jan 2023
    Listed for Rent $430 / week
  • 21 Dec 2018
    Sold for $220,000
  • 06 Dec 2018
    Listed for Sale OFFERS OVER $439,000
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About Newstead 7250

The size of Newstead is approximately 3.9 square kilometres. It has 8 parks covering nearly 15.1% of total area. The population of Newstead in 2016 was 5366 people. By 2021 the population was 5617 showing a population growth of 4.7% in the area during that time. The predominant age group in Newstead is 10-19 years. Households in Newstead are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Newstead work in a professional occupation.In 2021, 66.20% of the homes in Newstead were owner-occupied compared with 64.40% in 2016.

Newstead has 2,759 properties. Over the last 5 years, Houses in Newstead have seen a 52.53% increase in median value, while Units have seen a 42.78% increase. As at 30 November 2025:

  • The median value for Houses in Newstead is $727,366 while the median value for Units is $425,239.
  • Houses have a median rent of $530 while Units have a median rent of $450.
There are currently 13 properties listed for sale, and 3 properties listed for rent in Newstead on OnTheHouse. According to Cotality's data, 144 properties were sold in the past 12 months in Newstead.

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© Copyright 2026. 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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