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Sold on 02 Dec 2024 for $340,000

7/88 Elphin Road
Newstead TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 75m2
Land area: 75m2
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Property Details for 7/88 Elphin Rd, Newstead

7/88 Elphin Rd, Newstead is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 75m2 and floor size of 75m2. While the property is not currently for sale or for rent, it was last sold in December 2024. There are other 2 bedroom Unit sold in Newstead in the last 12 months.

Building Type
Unit
Floor Size
75m2
Land Size
75m2

Last Listing description (December 2024)

Welcome to this freshly updated unit on Elphin Road, Newstead. With a modern feel thanks to its recent paint, new window furnishings and new carpeting, this light-filled, airy home offers two comfortable bedrooms, both featuring built-in wardrobes. A practical layout includes extra hallway storage, and a bathroom with durable tiled flooring.
The kitchen is well designed, offering ample cupboard space, while the north-facing lounge room and entrance area ensure natural light and warmth throughout the day. The entrance has enough space for a bench, coat storage, and a place for shoes, adding functionality to the home's welcoming vibe.

A designated carport is available for one vehicle, with visitor parking at the front of the property for added convenience.

Situated in a prime location, you're close to quality schools, the Newstead Shopping Centre, Medical Centre, public transport, and within a 15-minute walk to the CBD. This property is perfect for first-time buyers, investors, or anyone looking for a convenient town base.

Council Rates approx. $1200 p.a.
Water Rates approx. $900 p.a.

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Property History for 7/88 Elphin Rd, Newstead, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$340,000
02 Dec 2024
  • 02 Dec 2024
    Sold for $340,000
  • 28 Oct 2024
    Listed for Sale Offers Over $349,000
  • 19 Jul 2006
    Sold for $137,000
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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 2,754 properties. Over the last 5 years, Houses in Newstead have seen a 70.50% increase in median value, while Units have seen a 54.46% increase. As at 30 November 2024:

  • The median value for Houses in Newstead is $723,220 while the median value for Units is $406,960.
  • Houses have a median rent of $520 while Units have a median rent of $395.
There are currently 18 properties listed for sale, and 7 properties listed for rent in Newstead on OnTheHouse. According to CoreLogic's data, 111 properties were sold in the past 12 months in Newstead.

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