OFF MARKET

71 Cypress Street
Newstead TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 114m2
Land area: 981m2
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Last updated 18 Nov 2024
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Property Details for 71 Cypress St, Newstead

71 Cypress St, Newstead is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1955. The property has a land size of 981m2 and floor size of 114m2. While the property is not currently for sale or for rent, it was last sold in September 2020.

Building Type
Unit
Year Built
1955
Floor Size
114m2
Land Size
981m2
Local Government
Launceston
Lot/Plan
2/48155

Last Listing description (June 2022)

Construction is under way on this exciting new town development, with 4 brand new townhouses being built, but with 3 already sold! You had better be quick.

Either as a very solid investment $400 plus per week) and with full depreciation available, or as the perfect down sizer, these perfectly located townhouses are close to everything, a mere ten minute walk to Coles and Kmart, 15 min to town, and both Scotch and Grammar right on your door step.

Offering 2 good sized bedrooms, large central bathroom, great open plan kitchen as well as the option to choose appliances and finishes, carpet and tile colour (conditions apply) so you really do have the opportunity to add your own style and call it home!

The low maintenance garden will be completed, and the garage with internal access makes coming home on a cold wet night a breeze.
As I said, the first 3 have already sold, so be quick as this great little opportunity won't last long!

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Property History for 71 Cypress St, Newstead, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$50,000
03 Sep 2020
Listed for Rent
$458/w
27 Jun 2022
  • 29 Apr 2022
    Listed for Rent $520 / week
  • 10 Jun 2021
    Listed for Sale Offers Over $430,000 Considered
  • 03 Sep 2020
    Sold for $50,000
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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 2,733 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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