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.
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.
The size of Newstead is approximately 3.9 square kilometres. There are 8 parks, covering nearly 15.1% of the 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 2,761 properties. Over the last 5 years, Houses in Newstead have seen a 41.72% increase in median value, while Units have seen a 37.69% increase. As at 31 May 2026:
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