OFF MARKET

7/86 Elphin Road
Newstead TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 74m2
Land area: 83m2
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Property Details for 7/86 Elphin Rd, Newstead

7/86 Elphin Rd, Newstead is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1972. The property has a land size of 83m2 and floor size of 74m2. While the property is not currently for sale or for rent, it was last sold in April 2018.

Building Type
Unit
Year Built
1972
Floor Size
74m2
Land Size
83m2
Local Government
Launceston
Lot/Plan
7/59466

Last Listing description (May 2018)

Being only 3 or 4 blocks from the CBD this apartment has more than just location on offer.
Very spacious and recently refurbished, two bedrooms with built-ins, large lounge/dining
area, plus a sun drenched sun room. Both the kitchen and bathroom have been updated, and new carpet throughout.

This apartment is currently tenanted at $240 p.w. with an immaculate tenant happy to stay on and sign a 12 month lease.
Perfect set and forget investment.

Property History for 7/86 Elphin Rd, Newstead, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$209,000
27 Apr 2018
Listed for Rent
$220/w
09 Jan 2016
  • 27 Apr 2018
    Sold for $209,000
  • 11 Apr 2018
    Listed for Sale $215,000
  • 16 Dec 2015
    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, 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.