240 Penquite Road, Norwood, TAS 7250 | Property Value & History | OnTheHouse
OFF MARKET

240 Penquite Road
Norwood TAS 7250

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Floor area: 182m2
Land area: 1004m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 24 Aug 2026
Low

High
Save

Property Details for 240 Penquite Rd, Norwood

Building Type
Commercial
Year Built
1973
Floor Size
182m2
Land Size
1004m2
Local Government
Launceston
Lot/Plan
8/51981

Last Listing description (March 2025)

Step inside to discover a showcase of quality fittings and finishes, complemented by a natural color scheme that enhances the sense of warmth and tranquility. The interior features high-quality carpets, ducted air conditioning for year-round comfort and versatile floorplan.

The practical layout includes two recently renovated bathrooms to accommodate the needs of a busy household. The kitchen, equipped with Linea appliances, is a chef's delight, while the open casual dining area seamlessly connects to the undercover entertaining space outdoors. A private, secure flat front and rear yard offer plenty of space for outdoor activities, including a veggie garden bathed in sunlight throughout the day.


Sleeping quarters are generous, with five large bedrooms all featuring built-in robes for storage convenience or alternatively a study or additional living space. The master bedroom boasts an ensuite for added luxury and privacy. Parking is a breeze with a remote double garage providing secure storage for vehicles and other belongings.

Within walking distance to the popular Norwood IGA, Norwood Takeaway and quality schools.

In summary, this home is a meticulously maintained sanctuary that promises a lifestyle of comfort and convenience for discerning families. An inspection is highly recommended to fully appreciate all that this property has to offer.

Year Built: 1973
House Size: 163 sqm
Land Size: 1,004sqm
Council Rates: $2,460pa approx
Water Rates: $1,200pa approx
Municipality: Launceston City Council
School Catchments: Norwood Primary, Kings Meadows & Queechy High School
Zoning: General Residential

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 240 Penquite Rd, Norwood, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$725,000
10 Feb 2025
  • 10 Feb 2025
    Sold for $725,000
  • 13 Jun 2024
    Listed for Sale Offers Over $729,000
  • 02 Jul 2014
    Sold for $349,000
Sign in to see more transactions
Commute Calculator

About Norwood 7250

The size of Norwood is approximately 3.7 square kilometres. There are 10 parks, covering nearly 6.0% of the total area. The population of Norwood in 2016 was 3734 people. By 2021 the population was 3869 showing a population growth of 3.6% in the area during that time. The predominant age group in Norwood is 70-79 years. Households in Norwood are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Norwood work in a professional occupation.In 2021, 75.50% of the homes in Norwood were owner-occupied compared with 77.20% in 2016.

Norwood has 1,638 properties. Over the last 5 years, Houses in Norwood have seen a 47.29% increase in median value, while Units have seen a 47.86% increase. As at 31 July 2026:

  • The median value for Houses in Norwood is $756,420 while the median value for Units is $498,643.
  • Houses have a median rent of $595 while Units have a median rent of $408.
There are currently 4 properties listed for sale, and no properties listed for rent in Norwood on OnTheHouse. According to Cotality's data, 74 properties were sold in the past 12 months in Norwood.

Suburb Insights for Norwood 7250

Market Insights
Norwood Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Norwood Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.