OFF MARKET

4/38-40 Parklands Parade
Newnham TAS 7248

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 95m2
Land area: 272m2
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Property Details for 4/38-40 Parklands Pde, Newnham

4/38-40 Parklands Pde, Newnham is a 3 bedroom, 1 bathroom Unit and was built in 1993. The property has a land size of 272m2 and floor size of 95m2. While the property is not currently for sale or for rent, it was last sold in October 2023.

Building Type
Unit
Year Built
1993
Floor Size
95m2
Land Size
272m2
Local Government
Launceston
Lot/Plan
4/116453

Last Listing description (January 2024)

UNIT 1 - SOLD
UNIT 2 - AVAILABLE- OFFERS OVER $349,000
UNIT 3 - SOLD

UNIT 4 - SOLD

Introducing this set of 4 spacious units offering an incredible opportunity you don't want to miss. Each unit has its own unique features including spacious rooms with built ins, carports, open plan kitchen/dining and living areas, and low maintenance yards.

These units can be purchased individually or together as a package deal if you are looking for your next lucrative investment venture.

These units are designed for maximum comfort and functionality, providing a great living experience for tenants or homeowners. Units 1 & 4 have the same floor-plan while units 2 & 3 are the same - each as shown.

Conveniently located in the sought-after area of Newnham, residents will enjoy easy access to schools, parks, shopping centers, and public transportation.

Purchase all 4 units together to maximize your rental income potential or create your property investment portfolio. With high demand for rental properties in this area, you'll be securing a smart and profitable investment.

To organise a private inspection please give me a call today!

*Images show are unit 1

Property History for 4/38-40 Parklands Pde, Newnham, TAS 7248

A timeline of how this property has performed in the market
Last Sold
$350,000
25 Oct 2023
  • 25 Oct 2023
    Sold for $350,000
  • 27 Jul 2023
    Listed for Sale OFFERS OVER $349,000
  • 17 Mar 2003
    Sold for $372,000

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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.
There are currently 21 properties listed for sale, and 8 properties listed for rent in Newnham on OnTheHouse. According to CoreLogic's data, 114 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.