OFF MARKET

2/121 Viewbank Road
Newnham TAS 7248

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 86m2
Land area: 325m2
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Property Details for 2/121 Viewbank Rd, Newnham

2/121 Viewbank Rd, Newnham is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 325m2 and floor size of 86m2. While the property is not currently for sale or for rent, it was last sold in May 2020.

Building Type
Unit
Year Built
1980
Floor Size
86m2
Land Size
325m2
Local Government
Launceston
Lot/Plan
2/58478

Last Listing description (June 2020)

A great investment opportunity with a potential rental return above 6%. This low maintenance property is the rear unit of only two on the block and with a spacious well planned layout, it will really appeal to a wide scope of buyers. It is ready to move into now or add tenants. The main features include:* A 1980 brick two bedroom unit on a flat block* A terrific floor plan with the bedrooms separated by the central bathroom* 2 Double bedrooms with built in wardrobes* Open plan kitchen, dining and living room* Convenience of reverse cycle air conditioning* Private patio located conveniently off the living space* Remote controlled garage with extra workshop/storage space* Easy care and pet friendly secure backyard * NBN connected* Close to the University, Maritime College, TAFE College* Close to supermarkets, shops and all city conveniences* Only 9 minutes to Launceston's CBDClick on the 'External Link' below for the virtual furnishing floorplan and video tour. Contact Jeremy Wilkinson for your inspection.Rental Estimate: $270 - $290pwUnit size: 86mLand size: 325mBuilt: 1980Rates: $1275 paCouncil Zoning: 10.0 General ResidentialCouncil: Launceston CityHeritage 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 2/121 Viewbank Rd, Newnham, TAS 7248

A timeline of how this property has performed in the market
Last Sold
$220,000
26 May 2020
  • 26 May 2020
    Sold for $220,000
  • 18 May 2020
    Listed for Sale Best Offer Over $219,000
  • 04 Jan 1993
    Sold for $69,000
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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.