FOR SALE
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251-259 Alanvale Road
Newnham TAS 7248

Bedrooms: 12
Bathrooms: 6
Car spaces: 10
Floor area: 122m2
Land area: 170ac
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Lucrative Subdivision Opportunity with Income Generating Assets

Fairlands Estate, a potential subdivision adjacent to the picturesque Tamar River.
The proposed Fairlands Estate gives scope to provide housing for over 250 families and is in a high-demand area with limited available land to develop. This proposed subdivision presents a prime opportunity for residential development with a range of lot sizes. The estate also offers potential for prime parklands with two lakes, all wonderfully contained within the proposed subdivision.
Residents of Fairlands Estate will enjoy easy access to Launceston CBD, The University of Tasmania, The Australian Maritime College, TASTAFE and a myriad of local schools, shops, restaurants and other amenities. Well connected to Launceston and George Town via the East Tamar Highway. The Estate will also retain its rural setting looking out over the Tamar River, rolling hills to the West, and the Launceston City scape. Gentle elevations provide sun-drenched views to compliment the surrounding landscape. The project is poised to align seamlessly with council sentiments on development in the North.
The property also includes three residential dwellings, a studio currently operating as an Airbnb, and 170 acres of pasture land. These homes and land provide a steady income stream to help offset holding costs during the development planning and civil works.
In a world where housing is more essential than ever, this property isn't just an opportunity, it's a legacy that has served generations before, and as times change, it will continue to evolve, paving the way for the future.
For more information, please contact us today.
**Harcourts Launceston 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. All measurements are approximate**

Property Details for 251-259 Alanvale Rd, Newnham

251-259 Alanvale Rd, Newnham is a 12 bedroom, 6 bathroom House with 10 parking spaces. The property has a land size of 170ac and floor size of 122m2. The place is currently for sale with Harcourts Launceston.

Building Type
House
Floor Size
122m2
Land Size
170ac

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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, 114 properties were sold in the past 12 months in Newnham.

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Bibby Davidson
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Jake Loizou
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Harcourts Launceston
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