OFF MARKET

3/49 Riverdale Grove
Newstead TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: 3
Floor area: 89m2
Land area: 343m2
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Property Details for 3/49 Riverdale Gr, Newstead

3/49 Riverdale Gr, Newstead is a 2 bedroom, 1 bathroom Unit with 3 parking spaces and was built in 1984. The property has a land size of 343m2 and floor size of 89m2. While the property is not currently for sale or for rent, it was last sold in July 2023.

Building Type
Unit
Year Built
1984
Floor Size
89m2
Land Size
343m2
Local Government
Launceston
Lot/Plan
3/58102

Last Listing description (August 2023)

This charming 2 bedroom unit has been freshly painted throughout and is the perfect opportunity for first home buyers, investors or downsizers looking for a low-maintenance lifestyle in a highly sought-after location. Featuring a cosy living area, light-filled kitchen with excellent walk-in pantry and 2 comfortable bedrooms. The bathroom includes a shower, bath, vanity and separate toilet and there is also the advantage of an internal laundry.

The property offers a single carport plus off-street parking for another 2 vehicles. The generous 343sqm block includes a secure yard that is perfect for pets to stretch their legs and is a blank canvas for those with a green thumb. Storage options are excellent with a garden shed plus a storage room behind the carport for bikes, tools, etc.

Located in the heart of Newstead, this property is just a stone's throw away from Scotch College, local cafes, shops, and public transport options. It is also within close proximity to the CBD, making it an ideal location for those who work in the city. This unit will also appeal as a safe investment proposition with an estimated rental return of up to $390 per week. Ideal for those thinking of investing now to retire later or parents sick of paying boarding fees!

3/49 Riverdale at a glance:
Charming 2 bedroom unit in a highly sought-after location
Freshly painted throughout and excellent storage
Generous 343sqm block with secure backyard - pets allowed
Single carport plus additional off-street parking for 2 cars
Easy walk to Scotch, cafes, shops and transport

Additional information:
Building size: 89sqm
Land size: 343sqm
Year built: 1984
Council: Launceston City
Body corporate fees/restrictions: None
Council rates: Approx $1,460pa
Water Rates: Approx $750pa + usage
Rental estimate: Up to $390 per week as is

Roberts Real Estate has made all reasonable efforts to obtain information regarding this property from industry and government sources that are deemed to be both reliable and factual; however, we cannot guarantee their complete accuracy in every instance. Prospective purchasers are advised to carry out their own investigations to ensure the property satisfies their suitability/usage requirements. All measurements are approximate.

Property History for 3/49 Riverdale Gr, Newstead, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$400,000
05 Jul 2023
Listed for Rent
$230/w
29 Jun 2016
  • 05 Jul 2023
    Sold for $400,000
  • 01 Jun 2023
    Listed for Sale Offers Over $430,000
  • 29 Aug 2018
    Sold for $255,000
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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 2,731 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.

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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.