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Sold on 01 Oct 2024 for $512,500

2 Cedar Street
Newnham TAS 7248

Bedrooms: 3
Bathrooms: 2
Car spaces: 3
Floor area: 137m2
Land area: 1027m2
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Property Details for 2 Cedar St, Newnham

2 Cedar St, Newnham is a 3 bedroom, 2 bathroom House with 3 parking spaces. The property has a land size of 1027m2 and floor size of 137m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 3 bedroom House sold in Newnham in the last 12 months.

Building Type
House
Floor Size
137m2
Land Size
1027m2
Local Government
Launceston
Lot/Plan
60/54511

Last Listing description (October 2024)

2 Cedar Street offers up a plethora of possibilities with its dimensions, its layout and the size of the block. At over a 1000 square metre block, the home sits predominantly to the front, leaving a massive back yard and possible development opportunities (STCA).

The house is featured by the sheer size of the rooms. The living room in particular is an example of this. The bedrooms follow suit with main, allowing the opportunity for a serious parent's retreat, given its proportions. Two bathrooms are certainly family friendly as is the updated kitchen and meals area.

The home is presented superbly and allows for your own footprint. The front and backyards are 100% lawn and you will have a blank canvas to create your own paradise.

There's plenty of under house storage and a paved area to create an outdoor entertainment haven. With views of the city, a 3 minute drive to Mowbray shopping precinct and a 10 minute commute into the CBD you are position perfect.

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Property History for 2 Cedar St, Newnham, TAS 7248

A timeline of how this property has performed in the market
Last Sold
$512,500
01 Oct 2024
Listed for Rent
$440/w
21 Dec 2022
  • 01 Oct 2024
    Sold for $512,500
  • 03 Sep 2024
    Listed for Sale Offers Over $499,000
  • 15 Dec 2022
    Listed for Rent $440 / week
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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 72.34% increase in median value, while Units have seen a 42.99% increase. As at 30 September 2024:

  • The median value for Houses in Newnham is $450,826 while the median value for Units is $321,952.
  • Houses have a median rent of $475 while Units have a median rent of $370.
There are currently 19 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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