OFF MARKET

52 Paringa Avenue
Newnham TAS 7248

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 95m2
Land area: 612m2
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Property Details for 52 Paringa Ave, Newnham

52 Paringa Ave, Newnham is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1969. The property has a land size of 612m2 and floor size of 95m2. While the property is not currently for sale or for rent, it was last sold in June 2021.

Building Type
House
Year Built
1969
Floor Size
95m2
Land Size
612m2
Local Government
Launceston
Lot/Plan
121/19846

Last Listing description (July 2021)

This three-bedroom brick veneer home in Newnham is on the money for the astute investor looking to add to the portfolio in a competitive market or first home buyer looking to break into the market. The home has a spacious lounge room with a galley-style kitchen and meals area. You will be delighted with the renovated bathroom and the bedrooms and typical of this age of home, are extremely roomy. The home is serviced by a reverse cycle heating and cooling unit ensuring year-round comfort. Attractive perimeter hedges create an attractive and private backyard. An extra feature is having two driveways allowing for backyard vehicle access. You will be positioned only 5 minutes away from the University and a simple 10-minute commute down the East Tamar Highway to Launceston CBD.

In the current market, these homes are extremely scarce and an early inspection is encouraged.

Year Built:1969
Land Size: 612m2 approx.
Building Size: Living 76m2 + Carport 24m2 approx.
Local Council: Launceston City Council

We have in preparing this document used our best endeavors to ensure the information is true & accurate. Prospective purchaser are advised to carry out their own investigations

Property History for 52 Paringa Ave, Newnham, TAS 7248

A timeline of how this property has performed in the market
Last Sold
$297,000
07 Jun 2021
Listed for Rent
$270/w
02 Mar 2016
  • 07 Jun 2021
    Sold for $297,000
  • 25 May 2021
    Listed for Sale $259,000 - $289,000
  • 10 Feb 2016
    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 2,975 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.