OFF MARKET

12 Olive Street
Newstead TAS 7250

Bedrooms: 6
Bathrooms: 1
Car spaces: 4
Floor area: 115m2
Land area: 804m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 11 Nov 2024
Low

High
Save

Property Details for 12 Olive St, Newstead

12 Olive St, Newstead is a 6 bedroom, 1 bathroom House with 4 parking spaces and was built in 1967. The property has a land size of 804m2 and floor size of 115m2. While the property is not currently for sale or for rent, it was last sold in May 2019.

Building Type
House
Year Built
1967
Floor Size
115m2
Land Size
804m2
Local Government
Launceston
Lot/Plan
8/232931

Last Listing description (May 2019)

This amazing and unique property is located in one of Launceston's premiere residential suburbs. Situated on a flat 793 sqm block the aspect and feel is sunny and private. The home offers 4 bedrooms and 3 bathrooms in total.
Set behind a high stone fence - enter the gate and the story unfolds. The original building was constructed in 1967 and was added to from 2007 creating a larger kitchen, separate dining and additional living area (total 185.5 sqm). A self-contained one bedroom (83.6 sqm) bungalow also has been built at the rear of the property, offering an ideal granny flat or profitable Airbnb opportunity. While the original structure is of brick veneer, the new structure is of solid stone wall lined with gyprock. This creates an ambience from another time - blending old and new brilliantly.
Since moving in, the current owners have been on a renovation blitz, investing additional funds into external and internal upgrades. Both buildings have been re-roofed, new PVC plumbing has been installed to connect properly to the sewerage mains, all doors and windows have been replaced - some windows being Tas Oak, in sync with the stone structure, while the aluminium front windows are double glazed.

The home is now fully insulated, electricals have been mostly re-done with a 3.5 kw solar system installed on the roof, two Daiken reverse cycle units and a panel heater provide all-year-round comfort. There are new window furnishings and carpets in both the home and the bungalow.
Internally there have been a few changes - a new en-suite has been added to the main bedroom, the main bathroom has been renovated and there is brand new plumbing in both. A new butler's pantry supplements the kitchen storage, and a new European laundry has been relocated to the kitchen area.
The bungalow has had a top to toe makeover also with fine attention to detail making this a luxurious retreat. The single bedroom is very spacious, with room for storage and other furniture. The living area incorporates a kitchenette and the crisp new bathroom is accessed from here.
The home abounds in character and appeal from the polished boards in the front section to the modern colours and furnishings throughout. The open plan layout of the kitchen offers an adjacent casual sitting area as well as family dining. Formal dining has its own space with French doors leading from here to the BBQ patio outside. This is easy entertaining and easy living at its best!
The property is available for private viewing only, but make the time to do it - you won't be disappointed. If you wish to move in and just unpack, this is your property.

Property History for 12 Olive St, Newstead, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$644,000
10 May 2019
  • 10 May 2019
    Sold for $644,000
  • 02 May 2019
    Listed for Sale $649,000
  • 21 Apr 2016
    Listed for Sale $379,000 - $399,000
Sign in to see more transactions

Commute Calculator

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 23 properties listed for sale, and 3 properties listed for rent in Newstead on OnTheHouse. According to CoreLogic's data, 106 properties were sold in the past 12 months in Newstead.

Suburb Insights for Newstead 7250

Market Insights
Newstead Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Newstead Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.