OFF MARKET

3/37 Bishops Drive
Newnham TAS 7248

Bedrooms: 6
Bathrooms: 3
Car spaces: 3
Floor area: 80m2
Land area: 214m2
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Last updated 16 Sep 2024
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Property Details for 3/37 Bishops Dr, Newnham

3/37 Bishops Dr, Newnham is a 6 bedroom, 3 bathroom Unit with 3 parking spaces and was built in 1974. The property has a land size of 214m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in October 1996.

Building Type
Unit
Year Built
1974
Floor Size
80m2
Land Size
214m2
Local Government
Launceston
Lot/Plan
3/58332

Last Listing description (November 2018)

Here is an opportunity worthy of your attention not only to take advantage of the great rental returns but also the bonus of the larger than average parcel of land that comes with the 3 units. On approximately 1200 m2, the three strata titled units make a sound investment and lend itself open for further development if desired S.T.C.A. Each unit consists of 2 good sized bedrooms, living room, bathroom/laundry as well as separate toilet and a kitchen which gives you plenty of scope to enhance with an upgrade in time to come. Each unit also has a private low maintenance rear yard which creates a pleasant place to relax, as well as easy access to over 14 hectares of park just over your back fence. Currently the units are fully tenanted at $600 per week with plenty of scope for further improvements to help gain further rent in the future. With great tenants in place, you can be rest assured you are purchasing a sound investment. To find out more about the units or simply book an inspection, contact today......

Property History for 3/37 Bishops Dr, Newnham, TAS 7248

A timeline of how this property has performed in the market
Last Sold
$133,000
21 Oct 1996
  • 16 Nov 2018
    Listed for Sale Open To Offers
  • 06 Aug 2018
    Listed for Sale Open To Offers
  • 24 May 2018
    Listed for Sale Open To Offers
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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 2,988 properties. Over the last 5 years, Houses in Newnham have seen a 74.55% increase in median value, while Units have seen a 44.61% increase. As at 31 August 2024:

  • The median value for Houses in Newnham is $462,555 while the median value for Units is $325,155.
  • Houses have a median rent of $470 while Units have a median rent of $370.
There are currently 17 properties listed for sale, and 4 properties listed for rent in Newnham on OnTheHouse. According to CoreLogic's data, 119 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.