OFF MARKET

44 Cypress Street
Newstead TAS 7250

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 91m2
Land area: 599m2
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Property Details for 44 Cypress St, Newstead

44 Cypress St, Newstead is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1948. The property has a land size of 599m2 and floor size of 91m2. While the property is not currently for sale or for rent, it was last sold in April 2014.

Building Type
House
Year Built
1948
Floor Size
91m2
Land Size
599m2
Local Government
Launceston
Lot/Plan
11/55265

Last Listing description (May 2014)

Affordable and well located for ongoing rental returns, this neat 3 bedroom home will earn you close to 6% gross returns from day one with a reliable tenant keen to stay on and eager to assist with any maintenance and updating.
The property has 2 street accesses, a single garage and separate off street parking, and fully fenced secure rear yard.
Inspections by appointment only.

Property History for 44 Cypress St, Newstead, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$225,000
19 Apr 2014
  • 15 Jan 2015
    Listed for Sale Not Disclosed
  • 19 Apr 2014
    Sold for $225,000
  • 14 Apr 2014
    Listed for Sale $239,900
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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.

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.