6/115 Elphin Rd, Newstead is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1974.
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.
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 52.43% increase in median value, while Units have seen a 52.17% increase. As at 28 February 2026:
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