FOR SALE
Offers Over $399,000

48 Tompsons Lane
Newnham TAS 7248

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 119m2
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Great First Home or Investment

Strategically located near Mowbray's vibrant shopping district and just an 8-minute drive to the heart of Launceston's CBD, this spacious 119m² home offers a fantastic opportunity for first home buyers and savvy investors looking for value in a prime location.
With plenty of natural light streaming in throughout the day, this home retains many of its original features, offering the chance to inject some personal style and add value with a little hard work and elbow grease. Boasting three generously sized bedrooms, each equipped with built-in robes, the home offers more storage space than many properties in this price range.
The expansive kitchen and dining area provide a solid foundation for modern upgrades, while the open-plan lounge is well-equipped with ample heating to keep things cosy throughout the year. The updated bathroom includes a bath, shower, and separate toilet, offering convenience and functionality.
Parking is a breeze with a single garage and additional space in front for another vehicle. The large, easy-care yard further adds to the appeal, while the front veranda presents a sunny spot to relax and unwind.
Whether you're entering the property market or expanding your portfolio, this home delivers size and potential that far surpasses many in its price bracket. With a little vision and effort, you'll have a property that stands out from the rest, offering a solid foundation for future growth.

Property Details for 48 Tompsons Lane, Newnham

48 Tompsons Lane, Newnham is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a floor size of 119m2. The place is currently for sale with Harrison Agents Launceston.

Building Type
House
Floor Size
119m2

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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 2,987 properties. Over the last 5 years, Houses in Newnham have seen a 69.44% increase in median value, while Units have seen a 50.99% increase. As at 30 November 2024:

  • The median value for Houses in Newnham is $450,087 while the median value for Units is $352,906.
  • Houses have a median rent of $470 while Units have a median rent of $380.
There are currently 20 properties listed for sale, and 6 properties listed for rent in Newnham on OnTheHouse. According to CoreLogic's data, 115 properties were sold in the past 12 months in Newnham.

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Jarrah Burns
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Harrison Agents Launceston
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