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Sold on 21 Oct 2024 - Price Unavailable

3/5-7 Patricia Place
Newnham TAS 7248

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 81m2
Land area: 155m2
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Property Details for 3/5-7 Patricia Pl, Newnham

3/5-7 Patricia Pl, Newnham is a 2 bedroom, 1 bathroom House and was built in 1990. The property has a land size of 155m2 and floor size of 81m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 2 bedroom House sold in Newnham in the last 12 months.

Building Type
House
Year Built
1990
Floor Size
81m2
Land Size
155m2
Local Government
Launceston
Lot/Plan
3/149621

Last Listing description (November 2024)

The perfect blend of comfort and investment potential with this neat and tidy 2-bedroom unit, situated in a peaceful location. Whether you're a first home buyer looking for a welcoming space to call your own or an investor seeking a property with excellent returns, this unit ticks all the boxes.

The open-plan living and dining area is bathed in natural light, creating a warm and inviting atmosphere. Both bedrooms are generously sized, offering a quiet retreat at the end of the day. The unit is low-maintenance, allowing you to enjoy the lifestyle this location offers without the hassle of extensive upkeep.

Currently achieving a strong rental return of $365 per week, this property is a solid investment opportunity. The surrounding area is known for its tranquillity, providing a peaceful environment while still being conveniently close to local amenities, shops, and the UTAS Newnham campus.

Don't miss your chance to secure this excellent property-ideal for those looking to invest or settle into a comfortable home in a serene setting. Contact Rebekah today!

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Property History for 3/5-7 Patricia Pl, Newnham, TAS 7248

A timeline of how this property has performed in the market
Last Sold
21 Oct 2024
Listed for Rent
$240/w
02 Nov 2015
  • 21 Oct 2024
    Sold
  • 03 Sep 2024
    Listed for Sale Offers Over $299,000
  • 19 Oct 2015
    Listed for Rent - Price not available
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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 2,987 properties. Over the last 5 years, Houses in Newnham have seen a 69.44% increase in median value, while Units have seen a 50.99% increase. As at 30 November 2024:

  • The median value for Houses in Newnham is $450,087 while the median value for Units is $352,906.
  • Houses have a median rent of $470 while Units have a median rent of $380.
There are currently 20 properties listed for sale, and 6 properties listed for rent in Newnham on OnTheHouse. According to CoreLogic's data, 115 properties were sold in the past 12 months in Newnham.

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