4/86 Elphin Rd, Newstead is a 2 bedroom, 1 bathroom Unit and was built in 1972. The property has a land size of 87m2 and floor size of 87m2. While the property is not currently for sale or for rent, it was last sold in May 2014.
Investors call us today for further information on this neat two bedroom unit. Located on Elphin Road this sought after location is consistently popular as a rental property. Minute's walk from Scotch Oakburn College, East Launceston Primary School, the Newstead shopping precinct and Launceston's CBD. Could there be a more perfect location for the next addition to your portfolio? Existing tenants have been there for several years with glowing recommendations available. The unit is tenanted until 21/1/2015 at $190 per week. The property offers two bedrooms both with built in wardrobes. The master bedroom, living space and sunroom/ front entrance face east for beautiful morning sun. The humble kitchen is neat and tidy featuring Chef and Westinghouse appliances. Public transport is available close by, however a carport space is provided for off street parking. This unit represents great value. We look forward to your call today.
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:
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