FOR SALE
$345,000-$375,000

4/93 Elphin Road
Newstead TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 66m2
Land area: 86m2
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A brilliant town base or investment.

Newstead is popular for many things. The proximity to the centre of Launceston. Quality schools nearby. Supermarkets & medical facilities a 1-minute drive away or a 10-minute easy walk and that it is on the public bus service route for Launceston & suburbs.
The solid red brick two-bedroom unit would be perfect for many – investors seeking a hassle-free property, a first home buyer or perhaps you live on farming property out of Launceston and are looking for an affordable town base.
It is one of only 4 units on the block, and the furthest from the street, offering privacy and extra security.
The north-facing kitchen has been updated and has plenty of storage, and flows into the open-plan dining and lounge area.
A daybed/window seat in the living room is positioned perfectly to capture the light and warmth from the sun and would be THE spot for a nap or for catching up on the news of the day and there is the added bonus of some storage in here.
Both double bedrooms have large wardrobes, and the centrally located bathroom/laundry is handy to both.
Carport parking is available for one car and there is another designated spot for guest parking.
There is a garden shed for extra storage along with a washing line at the side of the house.
The land around the unit is low to no maintenance and will require minimal upkeep making the purchase of this little home the perfect set and forget investment.
Positioned close to schools, shops, and the town centre, this low-maintenance property offers easy, flat access to all amenities, making it an ideal town base.
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Property Details for 4/93 Elphin Rd, Newstead

4/93 Elphin Rd, Newstead is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 86m2 and floor size of 66m2. The place is currently for sale with Howell Property Group.

Building Type
Unit
Floor Size
66m2
Land Size
86m2

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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 64.82% increase in median value, while Units have seen a 57.75% increase. As at 31 August 2024:

  • The median value for Houses in Newstead is $707,132 while the median value for Units is $387,298.
  • Houses have a median rent of $520 while Units have a median rent of $390.
There are currently 23 properties listed for sale, and 11 properties listed for rent in Newstead on OnTheHouse. According to CoreLogic's data, 106 properties were sold in the past 12 months in Newstead.

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Alex Robinson
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Oscar Phillips
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Howell Property Group
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