131 Elphin Rd, Newstead is a 6 bedroom, 3 bathroom House with 2 parking spaces and was built in 1920. The property has a land size of 1655m2 and floor size of 359m2. While the property is not currently for sale or for rent, it was last sold in April 2016.
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This distinguished family home is designed with flair and culminates multiple living options with stunning period details. Entrenched in one of Launceston's most popular suburbs it is well placed within easy walking distance to Scotch Oakburn College, Newstead College and The Launceston Preparatory School. The local area contains a supermarket, chemist, doctors and many other conveniences.
- Extremely versatile, the current configuration has 6 bedrooms, 1 study, 2 living areas and 3 bathrooms
** Driveway access off Olive Street.
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:
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