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.
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.
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:
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