SOLD
Sold on 20 May 2024 for $510,000

29 Hart Street
Newstead TAS 7250

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 113m2
Land area: 900m2
Sold By
Key 2 Property
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Property Details for 29 Hart St, Newstead

29 Hart St, Newstead is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1950. The property has a land size of 900m2 and floor size of 113m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 3 bedroom House sold in Newstead in the last 12 months.

Building Type
House
Year Built
1950
Floor Size
113m2
Land Size
900m2
Local Government
Launceston
Lot/Plan
195/54558

Last Listing description (July 2024)

Nestled in the prestigious suburb of Newstead, 29 Hart Street offers an exceptional opportunity for investors and first-time buyers alike to secure a piece of prime Tasmanian real estate. This charming weatherboard house boasts a generous land size of 900 square metres, presenting an abundance of development potential subject to council approval.

As you step inside this beautifully updated home, you are greeted by an inviting open-plan living area, bathed in natural light and adorned with on-trend colours that create a warm and contemporary atmosphere. The property features three generously sized bedrooms and a well-appointed bathroom, perfectly catering to the needs of a growing family or astute investor looking to add to their portfolio.

The heart of the home unfolds into a stylish modern kitchen, which seamlessly extends onto a sizeable deck – ideal for entertaining or enjoying the Tasmanian sun. With a large, flat backyard, there is ample space to construct a substantial multi-car garage, or for the investor with vision, to explore the possibility of a strata title development.

Parking is convenient with a single space available, but the true value lies in the home's location. Situated within walking distance to three of Launceston's top schools, and minutes from major bus routes, 29 Hart Street is not just a home; it's a lifestyle choice for those who appreciate the ease of city living with the tranquillity of a highly sought-after neighbourhood.

For those with a discerning eye for potential, an appreciation for modern living, and a desire to be situated in a prime location, this Newstead gem is waiting to be claimed.

Council rates: $1,800 p/a approx.
Building size: 115m2 approx.
Land size: 900m2 approx.
Rental estimate: $450-$480 per week approx.

Key2 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 29 Hart St, Newstead, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$510,000
20 May 2024
Listed for Rent
$350/w
15 Jan 2020
  • 20 May 2024
    Sold for $510,000
  • 16 Apr 2024
    Listed for Sale $499,000 - $549,000
  • 08 Jan 2020
    Listed for Rent $350 / 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 2,733 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

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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.