FOR SALE
Best Offer Over $324,000

3/141 Abbott Street
Newstead TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 69m2
Land area: 69m2
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Private, Peaceful, and Perfectly Located - Your Newstead Opportunity

Nestled quietly down an internal driveway, this low-maintenance unit presents an excellent opportunity for investors or those seeking a convenient city base.
The updated kitchen offers a functional cooking space, while the internal laundry and adjacent bathroom provide further convenience for everyday living. With two generously sized bedrooms, the property offers both comfort and practicality, making it an ideal choice for owner-occupiers or investors. The single carport adds to the appeal, offering secure and hassle-free parking.
Positioned in the popular and vibrant Newstead area, this property is just a stone's throw from multiple top rated schools and sporting facilities. The local shopping precinct is just a short distance away, and with only a 3-minute drive to the CBD and Launceston General Hospital, you'll experience the perfect blend of convenient inner-city living while being tucked away in a peaceful, private setting
Whether you're looking to move in or add to your investment portfolio, this well-positioned and updated unit in sought-after Newstead is sure to impress. Don't miss out - enquire today!
Rental Estimate: Up To $400 per week (currently rented at $380/wk)
House size: 69m2
Built: 1976
Council Zoning: Residential
Council: Launceston City
Heritage listed: No
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Property Details for 3/141 Abbott St, Newstead

3/141 Abbott St, Newstead is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 69m2 and floor size of 69m2. The place is currently for sale with Harcourts Launceston.

Building Type
Unit
Floor Size
69m2
Land Size
69m2

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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 2,754 properties. Over the last 5 years, Houses in Newstead have seen a 70.50% increase in median value, while Units have seen a 54.46% increase. As at 30 November 2024:

  • The median value for Houses in Newstead is $723,220 while the median value for Units is $406,960.
  • Houses have a median rent of $520 while Units have a median rent of $395.
There are currently 18 properties listed for sale, and 7 properties listed for rent in Newstead on OnTheHouse. According to CoreLogic's data, 111 properties were sold in the past 12 months in Newstead.

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David Hernyk
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Claire Coleman
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Harcourts Launceston
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