4/72 Franmaree RoadNewnham TAS 7248
Property Details for 4/72 Franmaree Rd, Newnham
4/72 Franmaree Rd, Newnham is a 2 bedroom, 1 bathroom Unit with 3 parking spaces and was built in 1989. The property has a land size of 257m2 and floor size of 70m2. While the property is not currently for sale or for rent, it was last sold in March 2019.
Last Listing description (April 2019)
Nestled in the heart of Newnham sits this low maintenance 2 bedroom co-joined unit. Currently rented at $225 per week which equates to a solid 6% gross return. Backing onto a park area and only 4 on the block this is an opportunity to acquire a low risk investment that has never missed a days rent in years. This is a much sought after rental area and as such is a great invest opportunity.
*Harcourts Launceston has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations.
Property History for 4/72 Franmaree Rd, Newnham, TAS 7248
- 15 Mar 2019Sold for $191,000
- 15 Feb 2019Listed for Sale Best Offer Over $189,000
- 29 May 2017Listed for Rent $220 / 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 2,975 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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