3/115 Penquite RoadNewstead TAS 7250
Property Details for 3/115 Penquite Rd, Newstead
3/115 Penquite Rd, Newstead is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1954. The property has a land size of 100m2 and floor size of 79m2. While the property is not currently for sale or for rent, it was last sold in December 2021.
Last Listing description (February 2022)
Newstead continues to receive great interest in a very hot real estate market and this unit positioned very close to Scotch College represents a great opportunity to the astute buyers to add to their portfolio, or equally, the first home buyer to jump into the market at a very affordable price. The unit is a very comfortable two-bedroom affair with a kitchen and dining area before leading into a very spacious living room. New carpets and freshly painted add to the unit enormously. Being one unit in a complex of six means that you don't need to spend your time maintaining gardens etc, your time is your own. It's only a quick commute of 10 minutes and you are in the heart of Launceston. Equally, if it's a rural solitude you are looking for its five minutes in the other direction and you are heading towards the winter playground of Ben Lomond. Position is everything and this one ticks plenty of boxes. Currently tenanted to July 2022.
Land Size: 100m2 approx
Building Size: 75m2 approx
Local Council: Launceston
We have in preparing this document used our best endeavours to ensure the information is true & accurate. Prospective purchaser are advised to carry out their own investigations
Property History for 3/115 Penquite Rd, Newstead, TAS 7250
- 16 Dec 2021Sold for $255,000
- 02 Dec 2021Listed for Sale Offers Over $209,000
- 01 Dec 2021Listed for Rent - Price not available
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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 57.46% increase in median value, while Units have seen a 47.28% increase. As at 31 January 2026:
- The median value for Houses in Newstead is $767,159 while the median value for Units is $437,266.
- Houses have a median rent of $550 while Units have a median rent of $450.
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