24 Penquite Road, Newstead, TAS 7250 | Property Value & History | OnTheHouse
 
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24 Penquite Road
Newstead TAS 7250

Bedrooms: 4
Bathrooms: 3
Car spaces: 4
Floor area: 280m2
Land area: 1615m2
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Last updated 16 Mar 2026
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Property Details for 24 Penquite Rd, Newstead

24 Penquite Rd, Newstead is a 4 bedroom, 3 bathroom House with 4 parking spaces and was built in 1930. The property has a land size of 1615m2 and floor size of 280m2. While the property is not currently for sale or for rent, it was last sold in October 2022.

Building Type
House
Year Built
1930
Floor Size
280m2
Land Size
1615m2
Local Government
Launceston
Lot/Plan
1/250571

Last Listing description (November 2022)

The inviting, impressively updated c1930s home is beautifully suited to perform all the roles and meet all the requirements that emerge as families evolve.

Framed by generous front and rear garden expanses and complemented by classically attractive lines, these rewarding spaces commence with a charming period porch, lead-light entrance and a wide, welcoming hall.

Engaging formal sitting and living rooms, each featuring traditional bay windows, are zoned separately from a light-filled kitchen/dining area where timber bench-tops and stainless steel appliances form a stylish combination while a substantial north facing deck adds a desirable indoor-outdoor mood.

A main bedroom with an ensuite, 2 captivating attic style bedrooms reached by a Tasmanian oak staircase, a modern bathroom and a distinguished study or den further enhance the dimensions of a home that incorporate a brilliantly versatile self-contained rear domain.

As integrated or as independent as you wish, the rear wing's sunny lounge, large bedroom, bathroom and separate kitchen/meals space offer ultimate adaptability against the great garden backdrop.

New insulation, colourbond roofing and venting, LED kitchen lighting and plantation shutters are among the long list of improvements that accompany a property with ample parking in an exceptional position close to Newstead shops, East Launceston primary School, St Thomas More's Catholic School, parks and secondary schools.

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Property History for 24 Penquite Rd, Newstead, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$920,000
13 Oct 2022
Listed for Rent
$250/w
13 Oct 2017
  • 13 Oct 2022
    Sold for $920,000
  • 12 Aug 2022
    Listed for Sale Offers Over $879,000
  • 02 Jul 2019
    Sold for $685,000
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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 2,758 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 10 properties listed for sale, and 3 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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© 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.

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