OFF MARKET

1/16 Bishops Drive
Newnham TAS 7248

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 71m2
Land area: 252m2
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Property Details for 1/16 Bishops Dr, Newnham

1/16 Bishops Dr, Newnham is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1987. The property has a land size of 252m2 and floor size of 71m2.

Building Type
Unit
Year Built
1987
Floor Size
71m2
Land Size
252m2
Local Government
Launceston
Lot/Plan
1/146986

Last Listing description (January 2024)

Discover a pristine opportunity at 1/16 Bishops Drive, Newnham - an ideal investment in every sense. Boasting a content long-term tenant who cherishes this space, this unit offers a seamless transition with a lease extending until April 2024. It's an excellent addition to your rental portfolio, promising minimal maintenance for the foreseeable future.

This unit features an inviting open-plan design encompassing a recently installed well-appointed kitchen, living, and dining area. There are brand new window furnishings throughout the property, abundant storage, comfortable bedrooms, and a well-maintained bathroom. Nestled in a peaceful street, it provides undercover parking and a secluded courtyard, perfect for enjoying the afternoon sun.

Convenience is at your doorstep, with short commutes to major shopping centers in Mowbray, educational institutions like the Maritime College, TAFE, Alanvale, and Inveresk University campuses. Take the opportunity to schedule a private inspection and witness the potential this property holds for you.

Rental Estimate: Up To $350 p/w
House size: 71m2
Land size: 252m2
Built: 1987
Rates: $1,390 p.a. approx.
Council Zoning: Residential
Council: City of Launceston
Heritage listed: No

**Harcourts Launceston has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate.**

Property History for 1/16 Bishops Dr, Newnham, TAS 7248

A timeline of how this property has performed in the market
  • 13 Nov 2023
    Listed for Sale Best Offer Over $299,000

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About Newnham 7248

The size of Newnham is approximately 6.1 square kilometres. It has 8 parks covering nearly 2.7% of total area. The population of Newnham in 2011 was 5,930 people. By 2016 the population was 6,444 showing a population growth of 8.7% in the area during that time. The predominant age group in Newnham is 20-29 years. Households in Newnham are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Newnham work in a labourer occupation. In 2011, 63% of the homes in Newnham were owner-occupied compared with 60.4% in 2016.

Newnham has 2,976 properties. Over the last 5 years, Houses in Newnham have seen a 66.91% increase in median value, while Units have seen a 51.09% increase. As at 31 October 2024:

  • The median value for Houses in Newnham is $447,492 while the median value for Units is $341,606.
  • Houses have a median rent of $475 while Units have a median rent of $370.
There are currently 20 properties listed for sale, and 8 properties listed for rent in Newnham on OnTheHouse. According to CoreLogic's data, 114 properties were sold in the past 12 months in Newnham.

Suburb Insights for Newnham 7248

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.