OFF MARKET

66 David Street
Newstead TAS 7250

Bedrooms: 3
Bathrooms: 2
Car spaces: 3
Floor area: 170m2
Land area: 639m2
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Property Details for 66 David St, Newstead

66 David St, Newstead is a 3 bedroom, 2 bathroom House with 3 parking spaces and was built in 1938. The property has a land size of 639m2 and floor size of 170m2. While the property is not currently for sale or for rent, it was last sold in May 2017.

Building Type
House
Year Built
1938
Floor Size
170m2
Land Size
639m2
Local Government
Launceston
Lot/Plan
53/54977

Last Listing description (June 2017)

This property represents a great opportunity to get a foot hold in the investment market.
A solid home, sitting nicely on a large corner block. The property was divided many years ago into two units, Unit 1 consists of 2 bedrooms, 2 nice lounges, dining, kitchen, all of good proportion.
Unit 2 is one bedroom, with a lovely sunny aspect, and private yard. Both properties have off street parking, and plenty of private outdoor space.

This really is a set and forget proposition, with long term tenancies in place and paying a combined income of $405 p.w., represents a solid return.
Other features of the property include:
Separate meters
Outdoor courtyards
NBN connected
Walking distance to schools
Close to shops, and services
On a regular public transport route

Property History for 66 David St, Newstead, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$370,000
20 May 2017
Listed for Rent
$165/w
10 Feb 2011
  • 20 May 2017
    Sold for $370,000
  • 26 Apr 2017
    Listed for Sale Offers over $375,000
  • 21 Jan 2011
    Listed for Rent - Price not available
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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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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.