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. The property has a floor size of 83m2. While the property is not currently for sale or for rent, it was last sold in July 2025. There are other 2 bedroom Unit sold in Newstead in the last 12 months.
Last Listing description (July 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
• 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 neighbourhood
This 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
Recent sales nearby
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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 2,757 properties. Over the last 5 years, Houses in Newstead have seen a 57.14% increase in median value, while Units have seen a 51.87% increase. As at 31 October 2025:
- The median value for Houses in Newstead is $729,884 while the median value for Units is $417,106.
- Houses have a median rent of $530 while Units have a median rent of $450.
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