2/11 Balaka Place, Newstead, TAS 7250 | Property Value & History | OnTheHouse
 
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2/11 Balaka Place
Newstead TAS 7250

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 55m2
Land area: 62m2
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Property Details for 2/11 Balaka Pl, Newstead

2/11 Balaka Pl, Newstead is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1968. The property has a land size of 62m2 and floor size of 55m2. While the property is not currently for sale or for rent, it was last sold in November 2023.

Building Type
Unit
Year Built
1968
Floor Size
55m2
Land Size
62m2
Local Government
Launceston
Lot/Plan
2/59502

Last Listing description (December 2023)

Discover the perfect blend of modern living and convenience in this fully renovated 1-bedroom unit. Bathed in natural sunlight and located in desirable Newstead, this property offers the best of urban living. This gem is not just a cozy home, it's a smart investment opportunity waiting for you.

Key Features:
- Recently renovated: Step into a home where every detail has been carefully crafted to create a contemporary and stylish living space.

- Sunny Aspect: Enjoy the warmth of natural sunlight streaming into your home, creating a cheerful ambiance year-round.
- Great Location: Conveniently located near the Newstead Shopping Hub, Punchbowl Primary School, Scotch Oakburn College and public transport.
- Ideal for First Home Buyers: Perfectly suited for those stepping into homeownership, offering a comfortable and affordable living space.
- Excellent Investment: With its prime location and modern appeal, this unit presents an excellent opportunity to bolster your investment portfolio.

Whether you're a first-home buyer or an astute investor seeking a valuable addition to your portfolio, this unit ticks all the boxes. Experience the joy of hassle-free living in a contemporary space, or capitalize on its appeal as a rental property to secure a steady income stream.

Jenkins & Co Property Tasmania have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

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Property History for 2/11 Balaka Pl, Newstead, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$292,000
07 Nov 2023
Listed for Rent
$150/w
25 Jun 2009
  • 07 Nov 2023
    Sold for $292,000
  • 23 Oct 2023
    Listed for Sale OFFERS OVER $289,000
  • 29 Jun 2018
    Sold for $121,000
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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 57.47% increase in median value, while Units have seen a 44.47% increase. As at 31 December 2025:

  • The median value for Houses in Newstead is $759,959 while the median value for Units is $430,815.
  • Houses have a median rent of $540 while Units have a median rent of $450.
There are currently 13 properties listed for sale, and 2 properties listed for rent in Newstead on OnTheHouse. According to Cotality's data, 143 properties were sold in the past 12 months in Newstead.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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.

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