FOR SALE
Offers Over $989,000

72 Alanvale Road
Newnham TAS 7248

Bedrooms: 9
Bathrooms: 3
Car spaces: 8
Floor area: 93m2
Land area: 1224m2
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3 Investments in 1!

3 Investments in 1!
Smart buyers need to look at these, 3 by 3 bedroom brick residences, all on one title and sitting on a 1224m2 level block of land right in the heart of Newnham.
All 3 of the units currently under lease with excellent tenants and showing solid returns. The 2 newer units to the rear are large and spacious and very low maintenance, the 3rd residence is bright and well-presented but requires some updating or alternately remove it to make way for even further development on the block (STCA).
Additionally, each residence has the security of off-street parking for 2 vehicles. The easy care grounds are all very low maintenance and well fenced. The location couldn't be more convenient with the property being on the public transport route and so close to all services Newnham has to offer including shopping, AMC, TAFE, UTAS etc.
72 Alanvale Road at a glance:
• 3 x 3 bedroom units
• Well-fenced yard with each unit
• 6+ off-street parking spots
• Excellent investment opportunity
• Renovate or strata title and reap the rewards
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Property Details for 72 Alanvale Rd, Newnham

72 Alanvale Rd, Newnham is a 9 bedroom, 3 bathroom House with 8 parking spaces. The property has a land size of 1224m2 and floor size of 93m2. The place is currently for sale with Roberts Real Estate Launceston.

Building Type
House
Floor Size
93m2
Land Size
1224m2

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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 2,988 properties. Over the last 5 years, Houses in Newnham have seen a 74.55% increase in median value, while Units have seen a 44.61% increase. As at 31 August 2024:

  • The median value for Houses in Newnham is $462,555 while the median value for Units is $325,155.
  • Houses have a median rent of $470 while Units have a median rent of $370.
There are currently 17 properties listed for sale, and 4 properties listed for rent in Newnham on OnTheHouse. According to CoreLogic's data, 119 properties were sold in the past 12 months in Newnham.

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Suburb Insights for Newnham 7248

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Jess Christmas and Michael Walsh
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Roberts Real Estate Launceston
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