4/115A Elphin RoadNewstead TAS 7250
Property Details for 4/115a Elphin Rd, Newstead
4/115a Elphin Rd, Newstead is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1974. The property has a land size of 72m2 and floor size of 72m2. While the property is not currently for sale or for rent, it was last sold in November 2021.
Last Listing description (December 2021)
First home, Investment, Airbnb The opportunities are endless.
These two units are set in a fantastic location, just five minutes' drive to Launceston's CBD and within close proximity to the Newstead medical centre, supermarkets and schools.
Both units have been tastefully renovated, including the garage space which has been converted to include a second bedroom all of which is all council approved.
These units are accessed via an internal drive off Olive Street to the right of the Launceston Preparatory School.
Offers Over $300,000 each.
Unit 4/115a Elphin Road:
o 2 Bed
o 1 Bathroom/laundry combined
o Study nook
o Living space
o 1 Open car space
o Daikin Reverse Cycle Heat Pump
o Land Size: 72 sqm* Approx
Unit 3/115a Elphin Road:
Currently leased until 29/04/2022 at $370 per week.
o 2 Bed
o 1 Bathroom/laundry combined
o Living space
o 1 Open car space
o Daikin Reverse Cycle Heat Pump
o Land Size: 71 sqm* Approx
Insitu Property have obtained all information from sources considered to be reliable.
All information is published solely for potential purchasers to assist them in deciding if they wish to make further enquiries.
Property History for 4/115a Elphin Rd, Newstead, TAS 7250
- 05 Nov 2021Sold for $420,000
- 29 Oct 2021Listed for Sale Offers Over $300,000 each
- 31 May 2018Sold for $130,000
Recent sales nearby
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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 52.53% increase in median value, while Units have seen a 42.78% increase. As at 30 November 2025:
- The median value for Houses in Newstead is $727,366 while the median value for Units is $425,239.
- Houses have a median rent of $530 while Units have a median rent of $450.
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