SOLD
Sold on 05 Jan 2024 for $1,000,000

8 Olive Street
Newstead TAS 7250

Bedrooms: 3
Bathrooms: 2
Car spaces: 3
Floor area: 130m2
Land area: 466m2
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Property Details for 8 Olive St, Newstead

8 Olive St, Newstead is a 3 bedroom, 2 bathroom House with 3 parking spaces and was built in 1907. The property has a land size of 466m2 and floor size of 130m2. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 3 bedroom House sold in Newstead in the last 12 months.

Building Type
House
Year Built
1907
Floor Size
130m2
Land Size
466m2
Local Government
Launceston
Lot/Plan
1/228102

Last Listing description (May 2018)

Feel the charm of this great family home situated in a great location.

The property consists of 3 bedrooms, a large open plan lounge / dining area and the kitchen has plenty of cupboard space.


Electric heating, carpets and polished floors throughout.

Good storage and a secure back yard.

Close to colleges, schools and shopping centre.

Available Now!

$260 - $280 per week

Debbie Heron : 0417 534287

Property History for 8 Olive St, Newstead, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$1,000,000
05 Jan 2024
Listed for Rent
$260/w
24 Feb 2009
  • 05 Jan 2024
    Sold for $1,000,000
  • 19 Feb 2009
    Sold for $255,000
  • 05 Feb 2009
    Listed for Sale OFFERS OVER $250,000
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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.

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.