83 Olive Street, Newstead, TAS 7250 sold on 21 January 2025 | OnTheHouse
SOLD
Sold on 21 Jan 2025 for $545,000

83 Olive Street
Newstead TAS 7250

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 101m2
Land area: 685m2
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Property Details for 83 Olive St, Newstead

83 Olive St, Newstead is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1948. The property has a land size of 685m2 and floor size of 101m2. While the property is not currently for sale or for rent, it was last sold in January 2025. There are other 3 bedroom House sold in Newstead in the last 12 months.

Building Type
House
Year Built
1948
Floor Size
101m2
Land Size
685m2
Local Government
Launceston
Lot/Plan
28/54558

Last Listing description (July 2025)

This immaculate, light and bright sun-filled home on a flat landscape has recently been renovated throughout. Boasting fresh paint throughout, refinished timber flooring, new quality plantation shutters, new oven and heat pump. Located a short distance from all the amenities you could think of including cafes, florist, hairdresser, Newstead Coles and Newstead Medical Centre. Close to several leading schools including The Preparatory School, Scotch Oakburn College, Newstead College and East Launceston Primary School and a short commute to the Launceston CBD.Features and Benefits;- Freshly painted interior, refinished timber flooring and new blinds- Sunny kitchen with new oven and wooden cabinetry- Updated bathroom with shower over bath, vanity, and toilet- Two very generous size bedrooms with large built in closets and an additional smaller bedroom- Lounge room with brand new heat pump- Second toilet- Separate laundry- Large sun room opening out to the tidy gardenProperty Layout & Yard Features;- Private, low maintenance rear yard- Easy care cottage garden - Car port and space for another car off roadLease Details and Property Connections;-$545.00 rent per week-$2,180 bond -12 months- NBN- Pets consideredTo arrange an inspection is very easy! To book a time to inspect the property, simply click on "book an inspection time" and select from the available times. By registering, you will be informed of any updates, changes, or cancellations for your appointment.

Property History for 83 Olive St, Newstead, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$545,000
21 Jan 2025
  • 04 Jun 2025
    Listed for Rent $545 / week
  • 21 Jan 2025
    Sold for $545,000
  • 08 Feb 1999
    Sold for $55,000
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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.