OFF MARKET

5/9 Norman Court
Newnham TAS 7248

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 76m2
Land area: 189m2
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Property Details for 5/9 Norman Ct, Newnham

5/9 Norman Ct, Newnham is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1991. The property has a land size of 189m2 and floor size of 76m2. While the property is not currently for sale or for rent, it was last sold in April 2023.

Building Type
Unit
Year Built
1991
Floor Size
76m2
Land Size
189m2
Local Government
Launceston
Lot/Plan
5/56161

Last Listing description (June 2023)

Constructed in 1991 this two bedroom unit is located in the hub of what is considered one of the better investment areas of the Launceston region. Only walking distance to most everyday conveniences or a short drive into the Launceston CBD. The interior of the property captures lots of natural sunlight & is extremely well maintained, largely due to it being owner occupied since 2017. An expected rental assessment would be up to $350 p/week approx. In recent years this particular style of property has been attractive to first home buyers as it is a great way to get your foot into the door of property ownership.

Property History for 5/9 Norman Ct, Newnham, TAS 7248

A timeline of how this property has performed in the market
Last Sold
$300,000
27 Apr 2023
Listed for Rent
$200/w
21 Jun 2016
  • 27 Apr 2023
    Sold for $300,000
  • 14 Apr 2023
    Listed for Sale Offers Over $290,000
  • 11 Dec 2016
    Sold for $148,000
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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 2,977 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 18 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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