OFF MARKET

1/71 Cypress St
Newstead TAS 7250

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 114m2
Land area: 275m2
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Property Details for 1/71 Cypress St, Newstead

1/71 Cypress St, Newstead is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1955. The property has a land size of 275m2 and floor size of 114m2. While the property is not currently for sale or for rent, it was last sold in September 2022.

Building Type
House
Year Built
1955
Floor Size
114m2
Land Size
275m2
Local Government
Launceston

Last Listing description (September 2024)

If you are looking for an investment property or a first home which has had all the hard work completed, then look no more! This little beauty has had a total make-over!
This brick and tile home boasts a brand new kitchen and appliances, new trendy bathroom, 2 toilets, has new floor coverings and has been freshly painted throughout!
The 2 larger bedrooms have new built-ins, and the lovely lounge with ornate ceiling rose has a wood heater for those lovely but chilly Launceston nights!

There is a separate laundry and mud room at the rear and off street parking for 2 cars .
A low maintenance yard and this home is only minutes walk to Newstead College, Scotch Oakburn or Grammar Schools and is only a short drive into the CBD.
Ready to move into or rent out! With a rental estimate of $500pw, this is a fantastic opportunity to start or add to your rental portfolio!

Body Corporate - $1375 per annum approx.

Bushby Property Group 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.

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Property History for 1/71 Cypress St, Newstead, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$479,000
06 Sep 2022
Listed for Rent
$510/w
19 Dec 2022
  • 24 May 2024
    Listed for Rent $490 / week
  • 20 Jun 2023
    Listed for Sale Not Disclosed
  • 19 Oct 2022
    Listed for Rent $510 / week
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About Newstead 7250

The size of Newstead is approximately 3.9 square kilometres. It has 8 parks covering nearly 15.1% of total area. The population of Newstead in 2011 was 4,968 people. By 2016 the population was 5,366 showing a population growth of 8.0% in the area during that time. The predominant age group in Newstead is 10-19 years. Households in Newstead are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Newstead work in a professional occupation. In 2011, 66.2% of the homes in Newstead were owner-occupied compared with 64.4% in 2016.

Newstead has 2,731 properties. Over the last 5 years, Houses in Newstead have seen a 64.04% increase in median value, while Units have seen a 53.71% increase. As at 31 October 2024:

  • The median value for Houses in Newstead is $715,353 while the median value for Units is $397,028.
  • Houses have a median rent of $520 while Units have a median rent of $390.
There are currently 23 properties listed for sale, and 6 properties listed for rent in Newstead on OnTheHouse. According to CoreLogic's data, 104 properties were sold in the past 12 months in Newstead.

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