2 Bishops DriveNewnham TAS 7248
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.
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
- 03 Nov 2017Listed for Sale $149,000 Each
- 27 Aug 2015Listed 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 2,975 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.
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