OFF MARKET

116 Penquite Road
Newstead TAS 7250

Bedrooms: 3
Bathrooms: 2
Car spaces: 3
Floor area: 145m2
Land area: 660m2
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Property Details for 116 Penquite Rd, Newstead

116 Penquite Rd, Newstead is a 3 bedroom, 2 bathroom House with 3 parking spaces and was built in 1962. The property has a land size of 660m2 and floor size of 145m2. While the property is not currently for sale or for rent, it was last sold in March 2020.

Building Type
House
Year Built
1962
Floor Size
145m2
Land Size
660m2
Local Government
Launceston
Lot/Plan
2/25202

Last Listing description (March 2020)

This classic mid-century home has been lovingly restored to its former glory with a modern twist. The home is easy to live in, with a great floorplan and two separate living areas. Large windows throughout welcome natural light and warmth, and the home boasts stylish modern features and functional family living.• Attractive mid-century home boasting stylish modern updates • Spacious, functional floorplan with multiple living spaces and room for the whole family!• Lovely large windows throughout make the home bright and on winter days the sun pours in and warms the house• The master bedroom at the rear is strategically positioned to be separate from bedrooms two and three, and offers a beautiful ensuite • The house is heated and cooled by two reverse cycle heat pumps and a wood heater• The kitchen and bathrooms are beautifully renovated offering quality fixtures and fittings• All three bedrooms are of a good size and with built in robes in each room• The home sits on the crest of the hill providing amazing views from both the front and rear of the house• Established trees and shrubs on the front boundary shield the home from the road and offer excellent privacy• The front gardens are designed to be low maintenance and the back yard is low maintenance and level, which is fully fenced and ideal for children and pets• The deck at the rear can also be locked off from the back yard for entertaining• Ample off-street parking with the space to park 2 cars in the lockup garage, 2 cars in the carport and 2 cars on the driveway• Ideally situated in Newstead this property is close to schools both public and private schools, close to the Newstead shopping precinct and only a short drive to the Launceston CBDCouncil rates: $377 p/q approx.Water rates: $275 p/q approx. Land size: 660m2 approx.Building size: 124m2 approx. Rental estimate: $440 - $470 per week approx.Year built: 1962Key2 Property have obtained all information in the document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

Property History for 116 Penquite Rd, Newstead, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$445,000
06 Mar 2020
  • 06 Mar 2020
    Sold for $445,000
  • 17 Feb 2020
    Listed for Sale Best Offer Over $449,000
  • 05 Aug 2015
    Sold for $242,000
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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 2,733 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 24 properties listed for sale, and 4 properties listed for rent in Newstead on OnTheHouse. According to CoreLogic's data, 104 properties were sold in the past 12 months in Newstead.

Suburb Insights for Newstead 7250

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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.