2 Balaka Pl, Newstead is a 3 bedroom, 1 bathroom House and was built in 1965. The property has a land size of 587m2 and floor size of 160m2. While the property is not currently for sale or for rent, it was last sold in September 2020.
Perfectly positioned in a quiet cul-de-sac in sought after Newstead, this solid brick home delivers space, comfort, and an unbeatable lifestyle location, with an estimated rental return of $610 to $640 per week, making it an attractive option for investors as well.Offering three well sized bedrooms, all complete with built in robes, the home is ideal for families, first home buyers, or investors alike. A central bathroom services the home with ease, while a separate laundry with direct outdoor access adds everyday practicality.Enjoy year round comfort with reverse cycle heating and cooling, complemented by two generous living areas that provide flexibility for modern living. One of these is a character filled sunken lounge room, featuring sliding doors that open onto a private outdoor balcony, creating a seamless indoor outdoor connection and the perfect place to relax or entertain.The beautiful outdoor entertaining area is designed for year round enjoyment, with plenty of space to host family and friends. Beneath the home, there is an abundance of under house storage along with a large, versatile recreation area, plus a garage underneath, offering excellent flexibility for hobbies, a rumpus space, parking, or additional lifestyle use.Located just moments from quality schools, shopping precincts, and medical facilities, this property combines peace and privacy with everyday convenience.Location, lifestyle, and opportunity, this is Newstead living at its best.The information on this website has in part been supplied to Harrison Agents Launceston by third parties and all information is published solely for potential purchasers to assist them in deciding whether or not they wish to make further enquiries about the properties. Harrison Agents Launceston has not checked the accuracy of the information and does no more than pass it on.
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 2,758 properties. Over the last 5 years, Houses in Newstead have seen a 47.26% increase in median value, while Units have seen a 51.45% increase. As at 31 March 2026:
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