SOLD
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Sold on 25 Jun 2024 for $318,000

2/73 Franmaree Road
Newnham TAS 7248

Bedrooms: 2
Bathrooms: 1
Car spaces: 3
Floor area: 70m2
Land area: 129m2
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Property Details for 2/73 Franmaree Rd, Newnham

2/73 Franmaree Rd, Newnham is a 2 bedroom, 1 bathroom Unit with 3 parking spaces. The property has a land size of 129m2 and floor size of 70m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 2 bedroom Unit sold in Newnham in the last 12 months.

Building Type
Unit
Floor Size
70m2
Land Size
129m2
Local Government
Launceston
Lot/Plan
2/58977

Last Listing description (June 2024)

High-Yield Investment Opportunity: Prime Property Generating 5.5% Rental Yield Annually

Discover the perfect blend of convenience and location in this two-bedroom unit located in Newnham. Situated in a quiet and peaceful neighbourhood, this co-joined rear unit offers an ideal opportunity for first home buyers, investors, or retirees looking to downsize without compromising on lifestyle or amenities.

Step inside to be greeted by an open plan kitchen, living and dining area that exudes a welcoming atmosphere for family gatherings and entertaining guests. The home's original but tidy condition gives you the chance to make it your own with personal touches and updates. Complemented by updated window furnishings and a combined laundry and bathroom, this unit offers a truly functional and comfortable living space.

This low-maintenance brick unit, featuring a tile roof, is set on a 129 square metres that includes a flat yard with a lawn area and easy-care garden / lawn. A single carport and off-street parking that accommodates up to 2-3 cars provide ample space for vehicle storage and added convenience.

Located in an area with easy access to public transport and just a mere 10-minute drive from Launceston CBD, this unit ensures that you're never too far away from the action. Additionally, enjoy the proximity to TasTafe, which is only three minutes away, making it an ideal investment opportunity for those seeking rental returns from students or professionals.

Don't miss out on this unique opportunity to secure an affordable and attractive unit in a prime location. Be quick to arrange a viewing and take the first step towards owning a charming piece of Newnham real estate.

*We have in preparing this listing used our best endeavours to ensure the information is true & accurate. Prospective purchasers are advised to carry out their own investigations.

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Property History for 2/73 Franmaree Rd, Newnham, TAS 7248

A timeline of how this property has performed in the market
Last Sold
$318,000
25 Jun 2024
Listed for Rent
$220/w
04 Feb 2015
  • 20 Jun 2024
    Sold for $318,000
  • 17 Nov 2023
    Listed for Sale Contact Agent
  • 04 Aug 2022
    Sold for $300,000
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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 2,977 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 18 properties listed for sale, and 6 properties listed for rent in Newnham on OnTheHouse. According to CoreLogic's data, 109 properties were sold in the past 12 months in Newnham.

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Riley Turner
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