125 Penquite Road, Newstead, TAS 7250 sold on 27 February 2025 | OnTheHouse
SOLD
Sold on 27 Feb 2025 for $641,000

125 Penquite Road
Newstead TAS 7250

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 126m2
Land area: 668m2
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Property Details for 125 Penquite Rd, Newstead

125 Penquite Rd, Newstead is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1964. The property has a land size of 668m2 and floor size of 126m2. While the property is not currently for sale or for rent, it was last sold in February 2025. There are other 3 bedroom House sold in Newstead in the last 12 months.

Building Type
House
Year Built
1964
Floor Size
126m2
Land Size
668m2
Local Government
Launceston
Lot/Plan
10/28785

Last Listing description (March 2025)

Built in the 1960's, this property gives the impression of a much newer home, with a modern rendered exterior, updated main bathroom, and double glazing in 2 of the 3 bedrooms. Mature trees in the front garden provide privacy and create a lovely walled garden area and a tranquil introduction to the home.

The freshly painted open-plan living and dining area is flooded with light and afternoon sun. A heat pump ensures year-round comfort, additionally a built-in wood heater is there for those who love the ambiance of a fire.

Polished floorboards throughout enhance the contemporary appeal, and the spacious, well-designed family kitchen offers ample cupboard space and includes a double-door refrigerator.

With internal access from the ground floor single-car garage, downstairs you will also find 2 bonus multipurpose rooms, a 2nd bathroom, a spacious laundry area, and plenty of under house storage.

Continuing the list of extras is a handy study nook and sun-drenched balcony with a glass balustrade that overlooks the north-facing sunny rear family garden and offers the perfect location for watching the children play or enjoying a quiet moment.

The leafy garden includes 3 small garden sheds and a veggie box and the children will love the purpose-built playground area.

Situated close to Scotch Oakburn College, Queechy High School, and the shops and medical facilities of the Newstead precinct, this home presents a fantastic opportunity to secure a property in a sought-after location.

Property History for 125 Penquite Rd, Newstead, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$641,000
27 Feb 2025
Listed for Rent
$480/w
14 Oct 2020
  • 27 Feb 2025
    Sold for $641,000
  • 05 Feb 2025
    Listed for Sale Offers Over $639,000
  • 07 Sep 2020
    Listed for Rent $480 / week
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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.

Suburb Insights for Newstead 7250

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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.