OFF MARKET

3/115A Elphin Road
Newstead TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 61m2
Land area: 71m2
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Last updated 18 Nov 2024
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Property Details for 3/115a Elphin Rd, Newstead

3/115a Elphin Rd, Newstead is a 2 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 61m2. While the property is not currently for sale or for rent, it was last sold in November 2021.

Building Type
Unit
Year Built
1974
Floor Size
61m2
Land Size
71m2
Local Government
Launceston
Lot/Plan
3/140869

Last Listing description (December 2017)

The work is underway, the vendor is getting through it and it should be done in a few months time but this creates an opportunity for the savy purchaser.
The vendor is open to negotiate on price if you would like to finish the work yourself. Once finished, this unit could achieve a solid rental return.
Schools, public transport and shopping are all close by.

For more details or an inspection, please call Duncan Morrison at Ray White Launceston

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Property History for 3/115a Elphin Rd, Newstead, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$420,000
05 Nov 2021
  • 05 Nov 2021
    Sold for $420,000
  • 11 Oct 2017
    Sold for $137,000
  • 29 May 2017
    Listed for Sale $139,000-$159,000
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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.
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.

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