116 Penquite Rd, Newstead is a 3 bedroom, 2 bathroom House with 3 parking spaces and was built in 1962. The property has a land size of 660m2 and floor size of 141m2. While the property is not currently for sale or for rent, it was last sold in September 2025. There are other 3 bedroom House sold in Newstead in the last 12 months.
Perfectly positioned in a sought-after and convenient Newstead location, this beautifully restored mid-century family residence captures sweeping views while basking in all-day sun.Originally built circa-1960, the spacious property has been renovated, blending timeless character with modern sophistication at every turn.A flexible floor plan provides numerous spaces for family living and effortless entertaining. A sumptuous lounge with wood heating and the option of two heat pumps throughout the home sets the tone for warmth and comfort, complemented by a casual sitting room and a dedicated family dining area, all enhanced by polished timber flooring.The updated kitchen boasts generous solid countertops, premium appliances, abundant storage within quality cabinetry and pantry, and a seamless connection to the dining room.Glass sliding doors extend the indoor spaces out to a superb outdoor entertaining deck, with an in-built BBQ bench with storage, and surrounding manicured, high hedges creating a private sanctuary. A partially sheltered verandah at the front of the home offers further al fresco space, with delightful district views.Accommodation includes three generous and light-filled bedrooms all with updated double glazing, two with substantial built-in wardrobes, while the master retreat offers a walk-in robe and a stylish ensuite with a striking barn door. The main bathroom is equally refined, featuring a sophisticated monochrome palette, bath, shower, vanity, and toilet. A cleverly concealed laundry is tucked neatly beside the kitchen, maximising space and functionality.The established gardens have been thoughtfully designed to be low maintenance, with lush lawns at the rear, fully fenced and level, ideal for children and pets. Mature trees and shrubs at the front boundary provide privacy from the road.Ample off-street parking is provided within a secure garage and a two-car carport. There is no shortage of storage throughout the property, including within the garage.Ideally located just moments from quality schools, both public and private including Scotch Oakburn College, close to the Newstead shopping precinct, Punchbowl Reserve, Norwood IGA and a short drive to the Launceston CBD, this remarkable home delivers an exceptional lifestyle opportunity with timeless appeal.
The size of Newstead is approximately 3.9 square kilometres. There are 8 parks, covering nearly 15.1% of the 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 2,765 properties. Over the last 5 years, Houses in Newstead have seen a 35.62% increase in median value, while Units have seen a 43.98% increase. As at 30 June 2026:
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