FOR SALE
Offers Over $389,000

2/93 Elphin Road
Newstead TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 66m2
Land area: 83m2
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Elphin Road - Unit

One of four, each with their own carport, this delightful, easy care two-bedroom unit is located conveniently to Launceston Church Grammar and Scotch Oakburn Junior School, and enjoys an easy level stroll to the local Newstead shopping precinct or even into the CBD. A handy bus service is available just nearby.
With recent renovations, including a new kitchen and bathroom/laundry, plus new carpet and paintwork, the property presents very tidily. This low-maintenance 66m ² unit is currently tenanted for $420 per week until May 2025.
Here is that perfect town base or ongoing investment property with a sound return in a sought-after, popular location.
"Roberts Real Estate have obtained all information in this document from sources considered to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate. Please note, photos are indicative of the property only."

Property Details for 2/93 Elphin Rd, Newstead

2/93 Elphin Rd, Newstead is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 83m2 and floor size of 66m2. The place is currently for sale with Roberts Real Estate Launceston.

Building Type
Unit
Floor Size
66m2
Land Size
83m2

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About Newstead 7250

The size of Newstead is approximately 3.9 square kilometres. It has 8 parks covering nearly 15.1% of total area. The population of Newstead in 2011 was 4,968 people. By 2016 the population was 5,366 showing a population growth of 8.0% in the area during that time. The predominant age group in Newstead is 10-19 years. Households in Newstead are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Newstead work in a professional occupation. In 2011, 66.2% of the homes in Newstead were owner-occupied compared with 64.4% in 2016.

Newstead has 2,732 properties. Over the last 5 years, Houses in Newstead have seen a 67.32% increase in median value, while Units have seen a 48.17% increase. As at 30 September 2024:

  • The median value for Houses in Newstead is $720,469 while the median value for Units is $382,199.
  • Houses have a median rent of $520 while Units have a median rent of $398.
There are currently 24 properties listed for sale, and 5 properties listed for rent in Newstead on OnTheHouse. According to CoreLogic's data, 100 properties were sold in the past 12 months in Newstead.

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