SOLD
Sold on 04 Jun 2024 for $286,000

2/115A Elphin Road
Newstead TAS 7250

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 71m2
Land area: 71m2
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Property Details for 2/115a Elphin Rd, Newstead

2/115a Elphin Rd, Newstead is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1974. The property has a land size of 71m2 and floor size of 71m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 1 bedroom Unit sold in Newstead in the last 12 months.

Building Type
Unit
Year Built
1974
Floor Size
71m2
Land Size
71m2
Local Government
Launceston
Lot/Plan
2/140869

Last Listing description (August 2024)

Located in the highly sought-after Newstead area on Elphin Road, this one-bedroom unit offers low maintenance living with dual access from Elphin Road or Olive Street. The open plan kitchen, dining and lounge area provides a comfortable space, while the bathroom/laundry features a full-size bath and separate vanity. With the potential to add more bedrooms using the attached garage, this unit is perfect for an Airbnb. Enjoy the convenience of reverse cycle air conditioning and a lock-up garage.

Just a short drive to Launceston's CBD, airport, shops, restaurants and recreational facilities, this unit is ideally situated for easy living or a simple investment option.

Key Features:

? Located in the highly sought-after area on Elphin Road in Newstead
? A great area for potential Airbnb
? Low maintenance solid brick, one bedroom unit
? Dual access off Elphin Road or Olive Street
? Potential to add more bedrooms using the garage attached
? Situated on a flat block on one level
? Open plan kitchen, dining, lounge area
? Bathroom/laundry offers a full-size bath and separate vanity
? Reverse cycle air conditioning
? Lock-up garage attached
? Close to Launceston Aquatic, Tennis & Bowls centres, restaurants and cafes
? Just 2 minutes' drive (500m) to supermarket, shops & facilities in Newstead's shopping hub
? Only 3 minutes' drive to Launceston's CBD & 16 minutes to Launceston Airport

Contact Jeremy Wilkinson for your inspection.

Rental estimate: Up to $320 pw
Unit size: 71 sqm
Land size: 71 sqm
Built: 1974
Council: Launceston
Council rates: $1,260 pa
Body Corporate: $1,749 pa
Zoning: General Residential

**Harcourts Launceston 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. All measurements are approximate**

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Property History for 2/115a Elphin Rd, Newstead, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$286,000
04 Jun 2024
Listed for Rent
$300/w
05 May 2022
  • 04 Jun 2024
    Sold for $286,000
  • 27 May 2024
    Listed for Sale Not Disclosed
  • 05 May 2022
    Listed for Rent $300 / 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 2,754 properties. Over the last 5 years, Houses in Newstead have seen a 64.82% increase in median value, while Units have seen a 57.75% increase. As at 31 August 2024:

  • The median value for Houses in Newstead is $707,132 while the median value for Units is $387,298.
  • Houses have a median rent of $520 while Units have a median rent of $390.
There are currently 23 properties listed for sale, and 10 properties listed for rent in Newstead on OnTheHouse. According to CoreLogic's data, 106 properties were sold in the past 12 months in Newstead.

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Jeremy Wilkinson
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