OFF MARKET

5 Cypress Street
Newstead TAS 7250

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 78m2
Land area: 78m2
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Property Details for 5 Cypress St, Newstead

5 Cypress St, Newstead is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1973. The property has a land size of 78m2 and floor size of 78m2. While the property is not currently for sale or for rent, it was last sold in February 2023.

Building Type
Unit
Year Built
1973
Floor Size
78m2
Land Size
78m2
Local Government
Launceston
Lot/Plan
1/59406

Last Listing description (January 2023)

Looking for something quiet and flat within an easy stroll to the Newstead Shopping Centre and the CBD? This delightful unit is freshly renovated and is ready for its next happy home owner.

Located in a quiet pocket of Newstead in an internal block known as Crompton Court, 5 Cypress St is ideal for those seeking a low maintenance lifestyle in an ultra-convenient location. Recently fully renovated including new kitchen, bathrooms, carpet, painting and appliances, it is ready for you to just move in and enjoy! Offering an open plan lounge and dining with heat pump and skylight, sunny kitchen and central bathroom combined laundry. With 2 bedrooms with built in robes, the main bedroom benefits from an ensuite, gas hot water, heat transfer from lounge AND double glazed windows to compliment the easy living.

The package is completed with a covered patio to sit and enjoy your morning coffee and private secure yard and single lock up garage. This unit will also appeal as a safe investment proposition with an estimated rental return of up to $400+ per week. Ideal for those thinking of investing now to retire later. Ticking all the boxes, this unit represents excellent value and won't last on the market for long!

5 Cypress St at a glance:
Freshly renovated 2 bedroom brick unit
Main bathroom PLUS ensuite
Private patio and garden
Single lock up garage with automatic door
Easy stroll to shopping precinct
1 of 4 units on block

Additional information:
Haier Washing machine and Chiq fridge included in sale
Land size: 100m2
Floor size: 78m2
Rates: Approx. 1,450 per annum
Water: Approx. $1,000 per annum
Body Corporate fees: $1,050 per annum inc. building insurance
No pets allowed
Gas hot water

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 and boundary overlays are approximate.

Property History for 5 Cypress St, Newstead, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$482,500
01 Feb 2023
  • 01 Feb 2023
    Sold for $482,500
  • 24 Nov 2022
    Sold for $482,500
  • 25 Oct 2022
    Listed for Sale Offers Over $499,000
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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 5 properties listed for rent in Newstead on OnTheHouse. According to CoreLogic's data, 105 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.