FOR SALE
Offers Over $280,000

78 Junction Street
Newstead TAS 7250

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1346m2
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Prime Land Opportunity in Newstead

Nestled in the vibrant suburb of Newstead, this expansive 1300m2+ block of land offers a rare opportunity for those seeking to create their dream abode or invest in a prime piece of real estate.
The generously sized parcel provides ample space for architectural innovation and landscaping possibilities. The sheer size of the land allows for the creation of a spacious residence with sprawling gardens. Stunning East-facing views look out to Mount Barrow and Ben Lomond, also providing a flood of morning sun.
With Newstead's thriving community, trendy cafes, and convenient access to city amenities, this sizable block presents an enticing prospect for those ready to bring their vision to life!
Jenkins & Co Property Tasmania have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

Property Details for 78 Junction St, Newstead

Building Type
Land
Land Size
1346m2

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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 2,733 properties. Over the last 5 years, Houses in Newstead have seen a 64.04% increase in median value, while Units have seen a 53.71% increase. As at 31 October 2024:

  • The median value for Houses in Newstead is $715,353 while the median value for Units is $397,028.
  • Houses have a median rent of $520 while Units have a median rent of $390.
There are currently 23 properties listed for sale, and 3 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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