FOR SALE
Offers Over $349,000

7/88 Elphin Road
Newstead TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 75m2
Land area: 75m2
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"Bright and Updated Unit in Prime Newstead Location"

Welcome to this freshly updated unit on Elphin Road, Newstead. With a modern feel thanks to its recent paint, new window furnishings and new carpeting, this light-filled, airy home offers two comfortable bedrooms, both featuring built-in wardrobes. A practical layout includes extra hallway storage, and a bathroom with durable tiled flooring.
The kitchen is well designed, offering ample cupboard space, while the north-facing lounge room and entrance area ensure natural light and warmth throughout the day. The entrance has enough space for a bench, coat storage, and a place for shoes, adding functionality to the home's welcoming vibe.
A designated carport is available for one vehicle, with visitor parking at the front of the property for added convenience.
Situated in a prime location, you're close to quality schools, the Newstead Shopping Centre, Medical Centre, public transport, and within a 15-minute walk to the CBD. This property is perfect for first-time buyers, investors, or anyone looking for a convenient town base.
Council Rates approx. $1200 p.a.
Water Rates approx. $900 p.a.

Property Details for 7/88 Elphin Rd, Newstead

7/88 Elphin Rd, Newstead is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 75m2 and floor size of 75m2. The place is currently for sale with The Agency Tasmania.

Building Type
Unit
Floor Size
75m2
Land Size
75m2

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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 22 properties listed for sale, and 6 properties listed for rent in Newstead on OnTheHouse. According to CoreLogic's data, 104 properties were sold in the past 12 months in Newstead.

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Richard Bailey
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The Agency Tasmania
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