FOR SALE
$519,000+

153 George Town Road
Newnham TAS 7248

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 0.3595ha
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Prime Development Opportunity

An exceptional parcel of land located at 153 Georgetown Road in Newnham, spanning 3,595 square meters. This property presents a unique opportunity to potentially develop, subject to council approval (STCA).
Ideally situated, it offers easy access to public transport and is just a 10-minute drive to the Launceston CBD. In close proximity to Tas TAFE and only a few moments away from the AMC, this prime block of land is perfectly positioned for a range of future possibilities.
Don't miss the chance to capitalize on this outstanding location in the thriving suburb of Newnham.
*We have in preparing this listing used our best endeavours to ensure the information is true & accurate. Prospective purchasers are advised to carry out their own investigations.

Property Details for 153 George Town Rd, Newnham

Building Type
Land
Land Size
0.3595ha

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About Newnham 7248

The size of Newnham is approximately 6.1 square kilometres. It has 8 parks covering nearly 2.7% of total area. The population of Newnham in 2011 was 5,930 people. By 2016 the population was 6,444 showing a population growth of 8.7% in the area during that time. The predominant age group in Newnham is 20-29 years. Households in Newnham are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Newnham work in a labourer occupation. In 2011, 63% of the homes in Newnham were owner-occupied compared with 60.4% in 2016.

Newnham has 2,976 properties. Over the last 5 years, Houses in Newnham have seen a 66.91% increase in median value, while Units have seen a 51.09% increase. As at 31 October 2024:

  • The median value for Houses in Newnham is $447,492 while the median value for Units is $341,606.
  • Houses have a median rent of $475 while Units have a median rent of $370.
There are currently 20 properties listed for sale, and 8 properties listed for rent in Newnham on OnTheHouse. According to CoreLogic's data, 113 properties were sold in the past 12 months in Newnham.

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Kyle Barrett
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Brad Ball
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Parry Real Estate Pty Ltd - PROSPECT
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