177-179 Elphin RoadNewstead TAS 7250
Property Details for 177-179 Elphin Rd, Newstead
177-179 Elphin Rd, Newstead is a 3 bedroom, 2 bathroom House and was built in 1920. The property has a land size of 421m2 and floor size of 307m2. While the property is not currently for sale or for rent, it was last sold in December 2020.
Last Listing description (May 2021)
Situated facing one of the busiest intersections in suburban Newstead and within the vibrant retailing locale of David Street and Elphin Road, this premier property has been the successful home of Elphin Continental Cakes for over 35 years.
Now retiring, the owners are offering to pass the valuable location to others seeking a prime trading corner.
A tempting morsel, the property combines retail frontage to Elphin Road; on-site parking behind, plus an immaculate three bedroom residence and private gardens.
A spacious and functional three bedroom town house offers a great opportunity for the new owners to live and work in one of Launceston's most livable suburbs.
Should the combination of an outstanding business location, and the opportunity to live on-site be what you seek, then this property will undoubtably "fit the bill".
Property History for 177-179 Elphin Rd, Newstead, TAS 7250
- 08 Dec 2020Sold for $495,000
- 05 Aug 2020Listed for Sale Offers Over $650,000
- 28 May 1985Sold for $60,000
Recent sales nearby
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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 2,762 properties. Over the last 5 years, Houses in Newstead have seen a 41.72% increase in median value, while Units have seen a 37.69% increase. As at 31 May 2026:
- The median value for Houses in Newstead is $795,372 while the median value for Units is $494,024.
- Houses have a median rent of $585 while Units have a median rent of $465.
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