OFF MARKET

4/86 Elphin Road
Newstead TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 87m2
Land area: 87m2
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Last updated 11 Nov 2024
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Property Details for 4/86 Elphin Rd, Newstead

4/86 Elphin Rd, Newstead is a 2 bedroom, 1 bathroom Unit and was built in 1972. The property has a land size of 87m2 and floor size of 87m2. While the property is not currently for sale or for rent, it was last sold in May 2014.

Building Type
Unit
Year Built
1972
Floor Size
87m2
Land Size
87m2
Local Government
Launceston
Lot/Plan
4/59466

Last Listing description (June 2014)

Investors call us today for further information on this neat two bedroom unit. Located on Elphin Road this sought after location is consistently popular as a rental property. Minute's walk from Scotch Oakburn College, East Launceston Primary School, the Newstead shopping precinct and Launceston's CBD. Could there be a more perfect location for the next addition to your portfolio? Existing tenants have been there for several years with glowing recommendations available. The unit is tenanted until 21/1/2015 at $190 per week. The property offers two bedrooms both with built in wardrobes. The master bedroom, living space and sunroom/ front entrance face east for beautiful morning sun. The humble kitchen is neat and tidy featuring Chef and Westinghouse appliances. Public transport is available close by, however a carport space is provided for off street parking. This unit represents great value. We look forward to your call today.


*All measurements are approximate

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Property History for 4/86 Elphin Rd, Newstead, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$165,000
23 May 2014
  • 23 May 2014
    Sold for $165,000
  • 21 Mar 2014
    Listed for Sale NEG. OVER $169,000
  • 30 Oct 2003
    Sold for $126,000
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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, 104 properties were sold in the past 12 months in Newstead.

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