SOLD
Sold on 06 Jun 2024 for $572,000

127 Penquite Road
Newstead TAS 7250

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 136m2
Land area: 668m2
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Property Details for 127 Penquite Rd, Newstead

127 Penquite Rd, Newstead is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1965. The property has a land size of 668m2 and floor size of 136m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 3 bedroom House sold in Newstead in the last 12 months.

Building Type
House
Year Built
1965
Floor Size
136m2
Land Size
668m2
Local Government
Launceston
Lot/Plan
9/16423

Last Listing description (October 2024)

Newstead demand is at an all-time high, and with good reason. It is a lovely family-friendly suburb close to the CBD, parks, schools, childcare, and all the services you could need. 127 Penquite Rd has access to it all!

The east-facing, open-plan kitchen and dining also has access to an undercover deck space. Enjoy the sun and space entertaining with family and friends here. The kitchen has been updated a few years ago and remains neatly presented. A large lounge, 3 bedrooms plus a study gives you good space to spread out. The bathroom is neat and original as is the separate toilet.

Garage and laundry under the home with remote door plus plenty of storage. Good size backyard fully fenced, located close to Scotch Oakburn Senior, Queechy High, Supermarkets, shops, transport, and a very short stroll to Punchbowl Reserve.

Lease details:
- Available 17/11/2023
- 12 Months preferred
- Pets Considered

Please feel free to contact our office on 03 6388 9266 for more information about this property.

Property History for 127 Penquite Rd, Newstead, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$572,000
06 Jun 2024
Listed for Rent
$500/w
20 Oct 2023
  • 06 Jun 2024
    Sold for $572,000
  • 20 Oct 2023
    Listed for Rent $500 / week
  • 22 Apr 2021
    Listed for Rent $400 / 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.

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.