2/11 Balaka PlaceNewstead TAS 7250
Property Details for 2/11 Balaka Pl, Newstead
2/11 Balaka Pl, Newstead is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1968. The property has a land size of 62m2 and floor size of 55m2. While the property is not currently for sale or for rent, it was last sold in November 2023.
Last Listing description (December 2023)
Discover the perfect blend of modern living and convenience in this fully renovated 1-bedroom unit. Bathed in natural sunlight and located in desirable Newstead, this property offers the best of urban living. This gem is not just a cozy home, it's a smart investment opportunity waiting for you.
Key Features:
- Recently renovated: Step into a home where every detail has been carefully crafted to create a contemporary and stylish living space.
- Great Location: Conveniently located near the Newstead Shopping Hub, Punchbowl Primary School, Scotch Oakburn College and public transport.
- Ideal for First Home Buyers: Perfectly suited for those stepping into homeownership, offering a comfortable and affordable living space.
- Excellent Investment: With its prime location and modern appeal, this unit presents an excellent opportunity to bolster your investment portfolio.
Whether you're a first-home buyer or an astute investor seeking a valuable addition to your portfolio, this unit ticks all the boxes. Experience the joy of hassle-free living in a contemporary space, or capitalize on its appeal as a rental property to secure a steady income stream.
Jenkins & Co Property Tasmania have obtained all information in this 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 2/11 Balaka Pl, Newstead, TAS 7250
- 07 Nov 2023Sold for $292,000
- 23 Oct 2023Listed for Sale OFFERS OVER $289,000
- 29 Jun 2018Sold for $121,000
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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.
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