2B Olive Street, Newstead, TAS 7250 | Property Value & History | OnTheHouse
 
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2B Olive Street
Newstead TAS 7250

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 169m2
Land area: 591m2
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Last updated 6 Apr 2026
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Property Details for 2b Olive St, Newstead

2b Olive St, Newstead is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1974. The property has a land size of 591m2 and floor size of 169m2. While the property is not currently for sale or for rent, it was last sold in August 2023.

Building Type
House
Year Built
1974
Floor Size
169m2
Land Size
591m2
Local Government
Launceston
Lot/Plan
1/234971

Last Listing description (August 2023)

Step into the charming, spacious - 4-bedroom, 2-bathroom traditional brick house, perfectly suited to families and investors alike. The property boasts a paved outdoor undercover entertaining area, complete with built-in timber bench seating and direct kitchen access, creating an easy flow from indoor to outdoor living. The kitchen itself boasts a stylish combination of quartz benchtops and marble accents, complete with a breakfast bar, dishwasher, and ample storage space

Interior highlights include Herringbone Parquetry flooring downstairs, a wood heater in the lounge room with an arched ceiling, and a heat pumps strategically placed for maximum efficiency. This home offers a choice of open plan living and dining areas. The main bedroom includes an ensuite and built-in wardrobe for extra convenience.

Plenty of outdoor storage space which has lighting, power and workbench spaces. The fenced yard with a mix of paving and grassed areas, creates a wonderful space for children to play. Add to that, a fenced inground swimming pool surrounded by timber decking and this home becomes a haven for both relaxation and entertainment.

Situated near the Newstead shopping hub, Newstead College, Scotch Oakburn College, and close to Launceston CBD, this house provides convenience and accessibility. Public transport is easily accessible with a bus route close by. Security is enhanced with a privacy fence, electric gates, and a double undercover carport. This property offers a blend of comfort, style, and practicality that's hard to resist.

Land size: 582m2 approx.
Building size: 169m2 approx.
Year built: 1974
Rental Estimate: $550-$600 per week approx.
Key2 Property have obtained all information in the 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 2b Olive St, Newstead, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$649,000
17 Aug 2023
Listed for Rent
$400/w
21 Jun 2017
  • 17 Aug 2023
    Sold for $649,000
  • 25 Jul 2023
    Listed for Sale Not Disclosed
  • 08 Jun 2017
    Listed for Rent $400 / week
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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 47.26% increase in median value, while Units have seen a 51.45% increase. As at 31 March 2026:

  • The median value for Houses in Newstead is $777,142 while the median value for Units is $497,916.
  • Houses have a median rent of $570 while Units have a median rent of $450.
There are currently 12 properties listed for sale, and 2 properties listed for rent in Newstead on OnTheHouse. According to Cotality's data, 144 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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