12/86 Elphin RoadNewstead TAS 7250
Property Details for 12/86 Elphin Rd, Newstead
12/86 Elphin Rd, Newstead is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1972. The property has a land size of 83m2 and floor size of 72m2. While the property is not currently for sale or for rent, it was last sold in July 2025.
Last Listing description (September 2025)
Located in one of Launceston's most desirable suburbs, this well-maintained unit presents a fantastic investment opportunity with a lease in place until February 2026. Set in a quiet, established neighbourhood and just minutes from top schools, shops, and the CBD, it offers consistent rental return and long-term growth potential in a tightly held location. Currently tenanted until February 2026 Prime Newstead location within walking distance to public transport Close to Scotch Oakburn and Grammar Junior Campuses Just 5 minutes to Newstead Shopping Centre and the CBD Two bedrooms, both with natural light Living area with north-facing windows Practical kitchen with good bench space Carport parking for one vehicle Quiet, established neighbourhoodThis light-filled unit is an ideal set-and-forget investment in a high-demand suburb. With a reliable tenancy in place and close proximity to key amenities, schools, and transport, it offers excellent value for investors seeking location, low maintenance, and immediate return.Council Rates $1350 p.a. (approx)
Property History for 12/86 Elphin Rd, Newstead, TAS 7250
- 19 Jul 2025Sold for $320,000
- 24 Jun 2025Listed for Sale Sold For $320,000.00
- 19 Jan 2015Listed for Rent $195 / week
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0About Newstead 7250
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 2,764 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:
- The median value for Houses in Newstead is $798,095 while the median value for Units is $508,899.
- Houses have a median rent of $580 while Units have a median rent of $465.
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