12 Olive StreetNewstead TAS 7250
Property Details for 12 Olive St, Newstead
12 Olive St, Newstead is a 6 bedroom, 1 bathroom House with 4 parking spaces and was built in 1967. The property has a land size of 804m2 and floor size of 115m2. While the property is not currently for sale or for rent, it was last sold in May 2019.
Last Listing description (May 2019)
This amazing and unique property is located in one of Launceston's premiere residential suburbs. Situated on a flat 793 sqm block the aspect and feel is sunny and private. The home offers 4 bedrooms and 3 bathrooms in total.
Set behind a high stone fence - enter the gate and the story unfolds. The original building was constructed in 1967 and was added to from 2007 creating a larger kitchen, separate dining and additional living area (total 185.5 sqm). A self-contained one bedroom (83.6 sqm) bungalow also has been built at the rear of the property, offering an ideal granny flat or profitable Airbnb opportunity. While the original structure is of brick veneer, the new structure is of solid stone wall lined with gyprock. This creates an ambience from another time - blending old and new brilliantly.
Since moving in, the current owners have been on a renovation blitz, investing additional funds into external and internal upgrades. Both buildings have been re-roofed, new PVC plumbing has been installed to connect properly to the sewerage mains, all doors and windows have been replaced - some windows being Tas Oak, in sync with the stone structure, while the aluminium front windows are double glazed.
Internally there have been a few changes - a new en-suite has been added to the main bedroom, the main bathroom has been renovated and there is brand new plumbing in both. A new butler's pantry supplements the kitchen storage, and a new European laundry has been relocated to the kitchen area.
The bungalow has had a top to toe makeover also with fine attention to detail making this a luxurious retreat. The single bedroom is very spacious, with room for storage and other furniture. The living area incorporates a kitchenette and the crisp new bathroom is accessed from here.
The home abounds in character and appeal from the polished boards in the front section to the modern colours and furnishings throughout. The open plan layout of the kitchen offers an adjacent casual sitting area as well as family dining. Formal dining has its own space with French doors leading from here to the BBQ patio outside. This is easy entertaining and easy living at its best!
The property is available for private viewing only, but make the time to do it - you won't be disappointed. If you wish to move in and just unpack, this is your property.
Property History for 12 Olive St, Newstead, TAS 7250
- 10 May 2019Sold for $644,000
- 02 May 2019Listed for Sale $649,000
- 21 Apr 2016Listed for Sale $379,000 - $399,000
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0About 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 2,758 properties. Over the last 5 years, Houses in Newstead have seen a 47.26% increase in median value, while Units have seen a 51.45% increase. As at 31 March 2026:
- The median value for Houses in Newstead is $777,142 while the median value for Units is $497,916.
- Houses have a median rent of $570 while Units have a median rent of $450.
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