7/88 Elphin Road, Newstead, TAS 7250 | Property Value & History | OnTheHouse
OFF MARKET

7/88 Elphin Road
Newstead TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 75m2
Land area: 75m2
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Property Details for 7/88 Elphin Rd, Newstead

7/88 Elphin Rd, Newstead is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1966. The property has a land size of 75m2 and floor size of 75m2. While the property is not currently for sale or for rent, it was last sold in November 2024.

Building Type
Unit
Year Built
1966
Floor Size
75m2
Land Size
75m2
Local Government
Launceston
Lot/Plan
7/60071

Last Listing description (January 2025)

Welcome to this freshly updated unit on Elphin Road, Newstead. With a modern feel thanks to its recent paint, new window furnishings and new carpeting, this light-filled, airy home offers two comfortable bedrooms, both featuring built-in wardrobes. A practical layout includes extra hallway storage, and a bathroom with durable tiled flooring.
The kitchen is well designed, offering ample cupboard space, while the north-facing lounge room and entrance area ensure natural light and warmth throughout the day. The entrance has enough space for a bench, coat storage, and a place for shoes, adding functionality to the home's welcoming vibe.

A designated carport is available for one vehicle, with visitor parking at the front of the property for added convenience.

Situated in a prime location, you're close to quality schools, the Newstead Shopping Centre, Medical Centre, public transport, and within a 15-minute walk to the CBD. This property is perfect for first-time buyers, investors, or anyone looking for a convenient town base.

Council Rates approx. $1200 p.a.
Water Rates approx. $900 p.a.

Property History for 7/88 Elphin Rd, Newstead, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$340,000
18 Nov 2024
  • 18 Nov 2024
    Sold for $340,000
  • 28 Oct 2024
    Listed for Sale Offers Over $349,000
  • 19 Jul 2006
    Sold for $137,000
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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 2,760 properties. Over the last 5 years, Houses in Newstead have seen a 41.72% increase in median value, while Units have seen a 37.69% increase. As at 31 May 2026:

  • The median value for Houses in Newstead is $795,372 while the median value for Units is $494,024.
  • Houses have a median rent of $585 while Units have a median rent of $465.
There are currently 13 properties listed for sale, and 1 property listed for rent in Newstead on OnTheHouse. According to Cotality's data, 154 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.