73 Penquite RoadNewstead TAS 7250
Property Details for 73 Penquite Rd, Newstead
73 Penquite Rd, Newstead is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1944. The property has a land size of 388m2 and floor size of 121m2. While the property is not currently for sale or for rent, it was last sold in March 2026. There are other 3 bedroom House sold in Newstead in the last 12 months.
Last Listing description (March 2026)
Offering the perfect balance of comfort, convenience, and long-term value, this stylish Newstead home presents an outstanding opportunity for home buyers seeking an easy-care lifestyle or investors looking for a well-positioned property with strong rental appeal.
Set in one of Launceston's most established and desirable suburbs, the home combines character warmth with modern updates, creating a welcoming space ready to enjoy from day one.
At the heart of the home, a contemporary kitchen features stone benchtops, quality appliances, generous storage, and ample preparation space - ideal for everyday living as well as entertaining family and friends. The adjoining open-plan living and dining area is filled with natural light, while polished Tasmanian Oak floorboards add warmth and timeless charm throughout.
Step outside to a private entertainment deck, providing a relaxed space to unwind or host gatherings, all set on a low-maintenance allotment designed for easy ownership without sacrificing outdoor enjoyment. Off-street parking further enhances everyday practicality.
For investors, a recent independent rental appraisal indicates a potential return of $660-$690 per week, highlighting the property's strong rental demand and investment credentials in this popular location.
Ideally positioned within walking distance of Scotch Oakburn Senior Campus, local shopping, public transport, and just minutes from the Launceston CBD, this home delivers lifestyle convenience alongside long-term appeal.
Whether you are looking for a place to call home or a smart addition to your investment portfolio, this is an opportunity not to be missed.
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Property Highlights
• Low-maintenance home in sought-after Newstead location
• Three bedrooms with built-in wardrobes
• Light-filled open-plan living and dining
• Contemporary kitchen with stone benchtops
• Private entertainment deck
• Off-street parking
• Independent rental appraisal: $660-$690 per week
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Property Information
• Year Built: 1944
• House Size: 121sqm (approx.)
• Land Size: 388sqm (approx.)
• Water Rates: $1,000 p.a. approx.
• Council Rates: $1,800 p.a. approx.
• Municipality: City of Launceston
School Catchments
Punchbowl Primary School
Queechy High School
Kings Meadows High School
Sims for Property has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations.
Property History for 73 Penquite Rd, Newstead, TAS 7250
- 21 Apr 2026Listed for Rent $590 / week
- 20 Mar 2026Sold for $635,000
- 27 Jan 2026Listed for Sale $595,000 - $655,000
Recent sales nearby
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0About 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 2,765 properties. Over the last 5 years, Houses in Newstead have seen a 35.62% increase in median value, while Units have seen a 43.98% increase. As at 30 June 2026:
- The median value for Houses in Newstead is $798,095 while the median value for Units is $508,899.
- Houses have a median rent of $580 while Units have a median rent of $465.
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