SOLD
Sold on 24 Apr 2024 for $345,000

1/69 Franmaree Road
Newnham TAS 7248

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 65m2
Land area: 263m2
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Property Details for 1/69 Franmaree Rd, Newnham

1/69 Franmaree Rd, Newnham is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1977. The property has a land size of 263m2 and floor size of 65m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 2 bedroom House sold in Newnham in the last 12 months.

Building Type
House
Year Built
1977
Floor Size
65m2
Land Size
263m2
Local Government
Launceston
Lot/Plan
1/59238

Last Listing description (May 2024)

This impeccable 2 bedroom unit offers a seamless blend of comfort and contemporary charm, making it a lucrative acquisition for discerning investors. With a tenancy in place till January 2025 presenting an excellent rental return of over 6%, this property is far from your average unit. The north facing living area basks in natural light and boasts a high raked ceiling, creating an open and airy ambiance that is both inviting and stylish. The modern kitchen is equipped with a dishwasher and has ample cupboard & bench space. Both bedrooms feature built-in robes, providing ample storage space and maintaining the unit's sleek aesthetic.
An updated combined bathroom and laundry add to the unit's appeal, offering practicality without compromising on style. Outside, the low maintenance backyard presents a private oasis for relaxation or a spot of gardening.
With a single carport, this property benefits from its position in a peaceful complex of only two units, adding an extra layer of serenity.

Features include:
• Light filled living area with Reverse Cycle Air conditioning for all year-round comfort
• 2 good sized bedrooms – both with built in robes
• Fabulous modern kitchen with dishwasher & ample cupboard & benchspace
• Updated combined bathroom/laundry with walk-in shower & toilet
• Northerly aspect for all day sun
• Single carport
• Small low maintenance enclosed backyard
• Front position in a peaceful complex of only 2 units, approx. 3km from University of Tasmania, Australian Maritime College and Mowbray shopping precinct and approx. 10 minute drive to CBD.

Water rates: $300 p/q approx.
Building size: 65m2 approx.
Land size: 263m2 approx.
Year Built: 1977
Rental Estimate: Currently tenanted till Jan 2025 receiving $420pw

Key2 Property have obtained all information in the document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

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Property History for 1/69 Franmaree Rd, Newnham, TAS 7248

A timeline of how this property has performed in the market
Last Sold
$345,000
24 Apr 2024
Listed for Rent
$420/w
17 Jan 2024
  • 24 Apr 2024
    Sold for $345,000
  • 15 Apr 2024
    Listed for Sale Offers Over $349,000
  • 02 Jan 2024
    Listed for Rent $420 / week
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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 2,988 properties. Over the last 5 years, Houses in Newnham have seen a 74.55% increase in median value, while Units have seen a 44.61% increase. As at 31 August 2024:

  • The median value for Houses in Newnham is $462,555 while the median value for Units is $325,155.
  • Houses have a median rent of $470 while Units have a median rent of $370.
There are currently 19 properties listed for sale, and 4 properties listed for rent in Newnham on OnTheHouse. According to CoreLogic's data, 121 properties were sold in the past 12 months in Newnham.

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