6/115 Elphin Road, Newstead, TAS 7250 | Property Value & History | OnTheHouse
OFF MARKET

6/115 Elphin Road
Newstead TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 6/115 Elphin Rd, Newstead

6/115 Elphin Rd, Newstead is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1974.

Building Type
Unit
Year Built
1974
Local Government
Launceston

Last Listing description (October 2025)

Ideal Investment or First Home Walk to Launceston CBD!

Investors and first-home buyers, this is your chance to secure a neat, two-bedroom unit currently tenanted at $400 per week until August 2026. Located on Elphin Road, Newstead, this property offers a consistently popular location for both residents and investors.Positioned close to the Launceston CBD, Scotch Oakburn College (Junior and Senior campuses), Launceston Church Grammar Junior Campus, East Launceston Primary School, and the Newstead shopping precinct, it's perfectly suited for families, professionals, or students. If you work in town, you can even walk to work.The unit features two bedrooms, both with built-in wardrobes, a sunlit open-plan living area, and a functional kitchen. The bathroom/laundry area is practical, and comfort is ensured year-round with a reverse-cycle air conditioner.Off street parking is provided with a single undercover carport, along with a lockable storage area ideal for extra belongings. Public transport is also nearby, making this a highly convenient location.With strong rental history, this property is an excellent addition to any investment portfolio or a perfect starting point for first-home buyers.The information on this website has in part been supplied to Harrison Agents Launceston by third parties and all information is published solely for potential purchasers to assist them in deciding whether or not they wish to make further enquiries about the properties. Harrison Agents Launceston has not checked the accuracy of the information and does no more than pass it on.

Property History for 6/115 Elphin Rd, Newstead, TAS 7250

A timeline of how this property has performed in the market
  • 08 Oct 2025
    Listed for Sale Offers Over 395K
  • 21 Jul 2023
    Listed for Rent $370 weekly
  • 08 Jan 2021
    Listed for Rent $320 weekly
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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.
There are currently 13 properties listed for sale, and 3 properties listed for rent in Newstead on OnTheHouse. According to Cotality's data, 146 properties were sold in the past 12 months in Newstead.

Suburb Insights for Newstead 7250

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Cotality Copyright and Legal Disclaimers about Property Data
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.