1/46 Penquite Road, Newstead, TAS 7250 sold on 10 September 2025 | OnTheHouse
SOLD
Sold on 10 Sep 2025 for $556,000

1/46 Penquite Road
Newstead TAS 7250

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 121m2
Land area: 354m2
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Property Details for 1/46 Penquite Rd, Newstead

1/46 Penquite Rd, Newstead is a 3 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1944. The property has a land size of 354m2 and floor size of 121m2. While the property is not currently for sale or for rent, it was last sold in September 2025. There are other 3 bedroom Unit sold in Newstead in the last 12 months.

Building Type
Unit
Year Built
1944
Floor Size
121m2
Land Size
354m2
Local Government
Launceston
Lot/Plan
1/179698

Last Listing description (December 2025)

Positioned in the heart of Newstead, this updated home is within easy walking distance to shops, cafes, schools, and public transport. With Newstead Park, walking trails, the shopping centre close by, and Launceston CBD within an 8-minute commute, the location offers great convenience and lifestyle.The home features an open-plan lounge that soaks up the morning sun, with polished hardwood timber floors throughout and a heat pump for year-round comfort. A separate dining area adjoins the kitchen, which provides plenty of bench space and cupboards.There are three bedrooms, all with built-in wardrobes. The third bedroom has its own access to the backyard, making it a versatile space. The bathroom is modern and generously sized, plus there's a separate laundry and a second toilet for added practicality.The flat block and minimal stairs make the property easy to live in and maintain. The gardens are low maintenance and suitable for a small pet. Off-street parking is available for two vehicles, with additional room for a caravan or boat if needed.This home is an excellent option for investors, while also suiting downsizers, first home buyers or those looking for a low-maintenance property in a sought-after location.

Property History for 1/46 Penquite Rd, Newstead, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$556,000
10 Sep 2025
  • 10 Sep 2025
    Sold for $556,000
  • 02 Sep 2025
    Listed for Sale $515,000 - $555,000
  • 21 Jul 2020
    Sold for $386,000
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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 4 properties listed for rent in Newstead on OnTheHouse. According to Cotality's data, 147 properties were sold in the past 12 months in Newstead.

Suburb Insights for Newstead 7250

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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.