4 Olive StreetNewstead TAS 7250
Property Details for 4 Olive St, Newstead
4 Olive St, Newstead is a 4 bedroom, 3 bathroom House with 2 parking spaces and was built in 1912. The property has a land size of 628m2 and floor size of 156m2. While the property is not currently for sale or for rent, it was last sold in March 2019.
Last Listing description (September 2019)
Occupying a prestigious position on the Eastern end of Olive Street in sought-after East Launceston, is this stunning early 20th Century character home. Originally built as a servants quarters for Elphin House, the home has undergone extensive updates to reveal an impressive, versatile home tastefully combining original period features with modern style and convenience.
Stunning character home in a highly sought-after location
Tastefully maintained and innovatively updated to retain original character whilst offering space, style and convenience for the modern family
Impressive entertainers kitchen with quality, modern appliances and ample cupboard and bench space
Multiple living spaces including a sunny, open family room with Mitsubishi heatpump; separate loungeroom with cosy wood heating; and a lovely, sheltered outdoor entertaining area
Detached bungalow currently offering a lucrative income stream via Airbnb
Beautiful, low-maintenance backyard with immaculate lawns, established gardens, and space for children and pets to enjoy
Double carport and workshop with room for a caravan, boat or trailer, plus additional storage space
Ideally situated amongst other quality homes, just moments from the Newstead shopping centre, local restaurants, cafes and schools, and the CBD
Council rates: $475 p/q approx.
Water rates: $178 p/q approx.
Land size: 630m2 approx.
Building size: 200m2 approx.
Year built: 1912
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.
Property History for 4 Olive St, Newstead, TAS 7250
- 09 Sep 2019Listed for Sale Not Disclosed
- 12 Mar 2019Sold for $473,000
- 13 Apr 2017Listed for Sale Offers Over $479,000
Recent sales nearby
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0About 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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