49 Penquite Rd, Newstead is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 634m2 and floor size of 160m2. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 3 bedroom House sold in Newstead in the last 12 months.
Positioned in one of Launceston's most sought-after suburbs, this beautifully presented home blends the warmth and character of yesteryear with tasteful modern updates.
Offering a welcoming lifestyle for families, professional, downsizers, investors or possible Airbnb.
Located on a corner block capturing all day sun, with driveway access off Longwood Avenue the property is an easy walk to schools, parks and the Newstead shopping precinct and a short drive to the CBD, Kmart Centre, hospitals and other main services.
Step inside from a striking terrazzo entry to polished myrtle floorboards and light-filled open plan layout where the kitchen, dining and lounge flow seamlessly together.
The quality kitchen makes entertaining effortless.
Accommodation includes three spacious bedrooms, built-in robes in two, all bathed in natural light whilst the updated bathroom gives a modern feel.
At the rear is a superb covered entertaining deck overlooking the low maintenance established gardens and plenty of room for children or pets to play.
All only a few minutes' drive to the city centre, this is an exceptional opportunity to secure a quality home in an established and tightly held location.
Nothing to do but move in and start making memories.
• Lock-up garage plus sub floor storage
• Daikin 7kw/8kw reverse cycle air conditioner
• Fenced rear yard/lawn area for children & pets
• Stylish tuck-pointed brickwork
Roberts Real Estate has made all reasonable efforts to obtain information regarding this property from industry and government sources that are deemed to be both reliable and factual; however, we cannot guarantee their complete accuracy in every instance. Prospective purchasers are advised to carry out their own investigations to ensure the property satisfies their suitability/usage requirements. All measurements and boundary lines are approximate.
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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