OFF MARKET

2/7-9 Eastfield Drive
Newnham TAS 7248

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 104m2
Land area: 272m2
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Property Details for 2/7-9 Eastfield Dr, Newnham

2/7-9 Eastfield Dr, Newnham is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2012. The property has a land size of 272m2 and floor size of 104m2. While the property is not currently for sale or for rent, it was last sold in October 2021.

Building Type
Unit
Year Built
2012
Floor Size
104m2
Land Size
272m2
Local Government
Launceston
Lot/Plan
2/163973

Last Listing description (August 2013)

villa units with 10 year leases - it really is a no brainer!
If you'r e looking to invest, it doesn't get much better than these 4 brand new villa units with the security of 10 year leases with a Government backed tenant already in place and the rent is guaranteed! The weekly rent AFTER management fees is very attractive and better than what most banks would offer!
- 10 year leases with the backing of a national affordable housing provider

- 100% occupancy - just sit back and collect the rent!
- Yearly rental increases
- Top quality brick finish
- No management fees
- High yielding return
- Set and forget investment!
The units are very conveniently located, just 10-15 minutes from Launceston, and all 4 feature 2 bedrooms, double glazed windows, window furnishings, open plan living, quality appliances, heat pumps, quality carpets and built-in robes. A real bonus is the large garages with internal access and automatic roller doors. A very smart investment, these excellent, brand new units are sure to be snapped up by the astute investor! Available to purchase all 4 or separately.
Sound good? Pick up the phone and give us a call for more details!.

Property History for 2/7-9 Eastfield Dr, Newnham, TAS 7248

A timeline of how this property has performed in the market
Last Sold
$395,000
04 Oct 2021
  • 04 Oct 2021
    Sold for $395,000
  • 29 Mar 2013
    Listed for Sale FROM $265,000
  • 08 Jun 2012
    Listed for Sale $265,000
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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 2,975 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 21 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.