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 2,977 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 18 properties listed for sale, and 6 properties listed for rent in Newnham on OnTheHouse. According to CoreLogic's data, 109 properties were sold in the past 12 months in Newnham.

Suburb Insights for Newnham 7248

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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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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.