OFF MARKET

2 Bishops Drive
Newnham TAS 7248

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 153m2
Land area: 42265m2
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Property Details for 2 Bishops Dr, Newnham

2 Bishops Dr, Newnham is a 4 bedroom, 2 bathroom Unit with 2 parking spaces. The property has a land size of 42265m2 and floor size of 153m2.

Building Type
Unit
Floor Size
153m2
Land Size
42265m2
Local Government
Launceston
Lot/Plan
2/140723

Last Listing description (November 2018)

Here is a great investment opportunity with a 6.6% rental return spread across two brick units that have already been strata titled. Both units have two bedrooms with built-ins and a carport each.

Both in great order with long term tenants and located in the heart of popular Newnham and within a quick drive to the University, Maritime College and the Mowbray Shopping and Business centre. And still only a few minutes in a car to Launceston's CBD.


Great value!

Property History for 2 Bishops Dr, Newnham, TAS 7248

A timeline of how this property has performed in the market
  • 03 Nov 2017
    Listed for Sale $149,000 Each
  • 27 Aug 2015
    Listed for Sale OFFERS OVER $169,000

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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.

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.