1 Olive Street, Newstead, TAS 7250 sold on 18 March 2025 | OnTheHouse
 
SOLD
Sold on 18 Mar 2025 for $975,000

1 Olive Street
Newstead TAS 7250

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 126m2
Land area: 465m2
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Bushby Creese
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Property Details for 1 Olive St, Newstead

1 Olive St, Newstead is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1942. The property has a land size of 465m2 and floor size of 126m2. While the property is not currently for sale or for rent, it was last sold in March 2025. There are other 3 bedroom House sold in Newstead in the last 12 months.

Building Type
House
Year Built
1942
Floor Size
126m2
Land Size
465m2
Local Government
Launceston
Lot/Plan
3/222170

Last Listing description (April 2025)

Combining exquisite period charm with a tasteful, high quality renovation this superbly maintained residence exemplifies both character and contemporary appeal located in close proximity to all amenities including the Launceston CBD.

On entrance, discover a sophisticated monochrome palette that beautifully complements the preserved period features. The spacious, sun-filled open-plan living with combined dining showcase stunning timber herringbone flooring, creating an inviting and stylish space for both relaxation and entertaining.

The gourmet kitchen is a culinary masterpiece, equipped with high-end appliances, generous storage within quality cabinetry, and solid stone countertops, including a central island bench for the ease of casual dining.

Designed for seamless indoor-outdoor living, the open-plan layout flows effortlessly onto a North facing sun-drenched entertaining deck overlooking low maintenance, landscaped gardens. Complete with mature trees, manicured hedges, and lush lawns, the backyard is an oasis to host family and friends or to simply relax amidst the serene surrounds.

This home offers three generous bedrooms, each with built-in wardrobes. The master bedroom featuring a luxurious en-suite designed for two. The main bathroom is centrally located and offers a free-standing deep bathtub, striking black tiling, frameless glass shower, and elegant fixtures.

Additional highlights include plantation shutters, a cleverly concealed laundry with ample storage, and security assured by a fully fenced and gated driveway. The property also offers multiple off street parking options.

Situated in the ever popular family suburb of Newstead this home is ideally located a short walk to all amenities including supermarkets, cafes, restaurants, parklands, leading private and public schools, and the Launceston CBD.

Surrounded by premium Newstead homes, enjoy all the lifestyle advantages that have made this area such a sought after destination for generations of families.

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Property History for 1 Olive St, Newstead, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$975,000
18 Mar 2025
  • 18 Mar 2025
    Sold for $975,000
  • 18 Feb 2025
    Listed for Sale Offers Over $950k
  • 04 Nov 2022
    Sold for $875,000
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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, 148 properties were sold in the past 12 months in Newstead.

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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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