51 Penquite Road, Newstead, TAS 7250 sold on 21 July 2026 | OnTheHouse
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Sold on 21 Jul 2026 for $692,000

51 Penquite Road
Newstead TAS 7250

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 146m2
Land area: 665m2
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Property Details for 51 Penquite Rd, Newstead

51 Penquite Rd, Newstead is a 3 bedroom, 1 bathroom House and was built in 1961. The property has a land size of 665m2 and floor size of 146m2. While the property is not currently for sale or for rent, it was last sold in July 2026. There are other 3 bedroom House sold in Newstead in the last 12 months.

Building Type
House
Year Built
1961
Floor Size
146m2
Land Size
665m2
Local Government
Launceston
Lot/Plan
6/17687

Last Listing description (September 2026)

Offering generous living spaces, plenty of natural light and a warm, inviting feel, this well presented three bedroom home provides comfortable and practical living in a highly convenient Newstead location. Beautiful timber flooring flows throughout the main living areas, complemented by large windows that capture an abundance of natural light and create a bright and welcoming atmosphere.The home offers excellent space for everyday living, with a generous lounge, separate dining area and well appointed kitchen providing ample storage and bench space. Three comfortable bedrooms are complemented by a beautifully updated bathroom, while downstairs provides additional versatile space ideal for storage, a rumpus area or additional living. Outside, the established gardens and spacious backyard provide plenty of room to enjoy, all while being conveniently positioned close to schools, shopping, public transport and Launceston's CBD.TERMS OF TENANCY:Rent: $670 per weekAvailable: 1st October 2026Lease Length: 12 month lease preferredPet Policy: At any stage before or throughout this tenancy, the tenant will be required to seek the owner's consent using the approved form to keep a pet at the premises.Inspection: Please register for inspections onlineHOW TO APPLY:Submit your application via the "APPLY" button here on Realestate.com.auPROPERTY FEATURES:- Three well proportioned bedrooms with built in storage- Beautifully updated central bathroom with freestanding bath and walk in shower- Additional separate toilet conveniently located within the laundry- Spacious, light filled living area- Separate dining area with seamless flow to the kitchen and lounge areas - Well appointed kitchen with ample storage and dishwasher- Cosy wood heater and reverse cycle heating for year round comfort - Separate laundry with great storage - Versatile downstairs area ideal for additional living, rumpus or teenagers retreat- Generous backyard with established gardens- Outdoor entertaining area- Convenient off street parking for two vehicles - Highly sought after position close to Newstead and Norwood amenities- Moments from local schools, shops, cafs and public transport- Easy access to Launceston's CBDABOUT THE AREA:Newstead is one of Launceston's well-established and highly convenient residential suburbs, offering easy access to the city while retaining a relaxed suburban feel. The area is well serviced by local shopping, cafs, schools and public transport, with nearby Penquite Road providing convenient connections through Newstead, Norwood and into central Launceston.The property is particularly well positioned for access to surrounding schools and everyday amenities, with Newstead's shopping precinct nearby and the broader Norwood and Kings Meadows areas within easy reach. With Launceston CBD only a short commute away, the location offers an excellent balance of convenience, space and established residential living.

Property History for 51 Penquite Rd, Newstead, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$692,000
21 Jul 2026
Listed for Rent
$575/w
20 Jun 2023
  • 11 Sep 2026
    Listed for Rent $670 / week
  • 21 Jul 2026
    Listed for Sale Not Disclosed
  • 21 Jul 2026
    Sold for $692,000
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About Newstead 7250

The size of Newstead is approximately 3.9 square kilometres. There are 8 parks, covering nearly 15.1% of the 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 2,763 properties. Over the last 5 years, Houses in Newstead have seen a 32.46% increase in median value, while Units have seen a 35.38% increase. As at 31 August 2026:

  • The median value for Houses in Newstead is $778,380 while the median value for Units is $506,082.
  • Houses have a median rent of $590 while Units have a median rent of $460.
There are currently 14 properties listed for sale, and 6 properties listed for rent in Newstead on OnTheHouse. According to Cotality's data, 144 properties were sold in the past 12 months in Newstead.

Suburb Insights for Newstead 7250

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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.