98-100 Penquite RoadNewstead TAS 7250
Property Details for 98-100 Penquite Rd, Newstead
98-100 Penquite Rd, Newstead is a 6 bedroom, 5 bathroom House with 3 parking spaces. The property has a land size of 1103m2.
Last Listing description (July 2025)
Rarely does an investment opportunity like this outstanding, high quality, low maintenance property come along!
This exceptionally located home is a one minute stroll to Scotch Oakburn College, Newstead cafes and shopping a short walk and Launceston City Centre a very short drive away.
The property currently has 2 secured tenants on the lower level in luxurious, high quality 2 bedroom, 2 bathroom units. Each have their own private deck and return $900 per week between them. Upstairs also has a tenant in place and returns $470 per week. Upstairs featuring 2 bedrooms, a lovely bathroom and an entertainer's kitchen which flows to the open plan living/dining space and on to a massive deck. The perfect spot for entertaining friends and family or simply relaxing with your morning coffee whilst soaking up those superb mountain views.
The total return is currently $1370 per week!
Each dwelling enjoys a single lock up garage with the master unit also having a workshop space as well as a lock up garage. Combined with an easy care garden and sitting regally on 1075m2 (approx) of land with established fruit trees. There is also additional space for parking a caravan, trailer or boat.
With no expense spared on the renovations/conversion this all adds up to money in the bank!
Don't delay! Call Craig for more details today!
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Property History for 98-100 Penquite Rd, Newstead, TAS 7250
- 09 Nov 2024Listed for Sale Not Disclosed
- 26 Jun 2024Listed for Sale Offers Over $1,100,000
- 04 Nov 2019Listed for Sale Expressions Of Interest
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0About 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 2,758 properties. Over the last 5 years, Houses in Newstead have seen a 42.86% increase in median value, while Units have seen a 48.29% increase. As at 30 April 2026:
- The median value for Houses in Newstead is $777,288 while the median value for Units is $499,077.
- Houses have a median rent of $570 while Units have a median rent of $450.
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