70 Olive StreetNewstead TAS 7250
Property Details for 70 Olive St, Newstead
70 Olive St, Newstead is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1966. The property has a land size of 546m2 and floor size of 157m2. While the property is not currently for sale or for rent, it was last sold in December 2021.
Last Listing description (February 2022)
With homes in the area in high demand at the moment and very limited options available, this gorgeous mid century home with east facing patio won't be available for long.
Set on an easy care landscaped block with, huge rumpus/garaging/workshop under, the home features 4 bedrooms, 1 full bathroom and a separate second toilet, shower and vanity.
The open plan lounge and dining area flow through to the brand new kitchen creating a fabulous light filled space.
Options of electric heating via a heatpump or the comfort of wood are both on offer.
With a rental estimate of $600 - $640p/w, this property would make an excellent low maintenance investment.
Located an easy walk to several schools and all Newstead amenities, including doctors, shops, cafes and pharmacy, be quick to inspect.
Council Rates: $1,600 pa approx
Property History for 70 Olive St, Newstead, TAS 7250
- 17 Dec 2021Sold for $760,000
- 15 Dec 2021Listed for Sale $745,000 - $765,000
- 15 Oct 2021Sold for $590,000
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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 2,761 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.
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