2/24 Penquite Road, Newstead, TAS 7250 | Property Value & History | OnTheHouse
 
OFF MARKET

2/24 Penquite Road
Newstead TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 96m2
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Last updated 23 Mar 2026
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Property Details for 2/24 Penquite Rd, Newstead

2/24 Penquite Rd, Newstead is a 2 bedroom, 1 bathroom House. The property has a floor size of 96m2.

Building Type
House
Floor Size
96m2
Local Government
Launceston

Last Listing description (March 2026)

Located in the desirable suburb of Newstead, 2/24a Penquite Road offers a blend of modern comfort and convenience. This stylish property is perfectly positioned for those seeking easy access to local shops, schools, parks, and Launcestons CBD, all while enjoying the tranquility of a private setting.

The home is designed for low-maintenance living, with spacious interiors and a seamless flow between the living and outdoor spaces. Whether youre relaxing indoors or enjoying the fresh air outside, this property is ideal for individuals, couples, or small families looking to live in one of Launcestons most sought-after suburbs.

TERMS OF TENANCY:

Rent: $530 per week
Available: 17th April 2026
Lease Length: 12 month lease preferred
Pet Policy: At any stage before or throughout this tenancy, the tenant will be required to
seek the owner's consent using the approved form to keep a pet at the premises.
Inspection: Please register for inspections online
Apply: Online Realestate .com.au

HOW TO APPLY:
Submit your application via the "APPLY" button on Realestate .com.au

PROPERTY FEATURES:
- Spacious, light filled living area offering the perfect space to relax or entertain
- Contemporary kitchen with high quality appliances, plenty of counter space and ample storage
- Open plan layout designed to maximize natural light and space
- Modern bathroom with stylish fixtures and easy-to-maintain finishes
- Two generously sized bedrooms, master with built-in wardrobe
- Reverse cycle heating for year round comfort
- Separate laundry for added convenience and practical living
- Private, low maintenance outdoor space
- Secure, fully fenced yard
- Single lock up garage, with second parking space available for added convenience
- Low maintenance design ideal for busy professionals or small families
- Conveniently located close to Newstead Primary School, public transport, local parks and shops
- Just a short drive to Launcestons city center, offering even more dining, shopping, and entertainment options

ABOUT THE AREA:
Newstead is a highly sought-after suburb known for its peaceful atmosphere, yet it is just minutes away from the hustle and bustle of Launcestons CBD. The area is family-friendly and offers excellent access to schools, parks, public transport, and local shops. With its central location, residents enjoy the best of both worlds, quiet suburban living combined with the convenience of easy city access.

The surrounding area features beautiful green spaces, perfect for outdoor activities, while Newstead itself boasts a vibrant community feel. Whether youre out for a stroll in the park or grabbing a coffee at a local caf, this suburb offers the perfect balance of convenience, comfort, and lifestyle.

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Property History for 2/24 Penquite Rd, Newstead, TAS 7250

A timeline of how this property has performed in the market
  • 19 Mar 2026
    Listed for Rent $530 / week
  • 03 Sep 2015
    Listed for Sale Not Disclosed
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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 52.43% increase in median value, while Units have seen a 52.17% increase. As at 28 February 2026:

  • The median value for Houses in Newstead is $762,837 while the median value for Units is $463,633.
  • Houses have a median rent of $550 while Units have a median rent of $465.
There are currently 8 properties listed for sale, and 2 properties listed for rent in Newstead on OnTheHouse. According to Cotality's data, 146 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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