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53 George Town Road, Newnham TAS 7248

Offers Over $949,000

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$949k - $996k Transparent Transparent Listing Based on an openly advertised listing price.

House 6 Beds 6 Baths 6 Cars 893 m²

Listed: 5th Aug 2026

Updated: 38 days ago

Overview

This well-established investment property at 53 George Town Road, Newnham, is distinctly structured as a share house composed of two separate dwellings on one title, designed for functional and flexible living arrangements. With six bedrooms each featuring its own private ensuite, this setup is particularly attractive for investors looking to maximize rental income with individual tenancies.

The main residence has recently undergone significant renovations including the installation of new plumbing, electrical systems, a new roof, and a freshly constructed deck, enhancing both the quality and appeal of the home. Behind the main house, a self-contained unit offers a modern, low-maintenance living environment with three additional bedrooms, all with private ensuites, and their own open-plan living, kitchen, and laundry facilities. This configuration offers comfortable, independent living spaces within the broader shared property.

Solar panels are installed throughout the property, providing an efficient means to offset energy costs, which is a valuable feature for tenants and owners alike. The ample onsite parking and convenient side access add practicality, making the property suitable for multiple vehicles and facilitating ease of access – features that are highly regarded in share house settings.

The dual-dwelling layout gives investors a notable degree of future flexibility. Whether continuing as a share house, exploring potential subdivision, or a strata arrangement, this property can be adapted to meet changing investment or lifestyle needs, subject to council approval.

Located near educational institutions such as The Maritime College, TAFE, and East Tamar Primary School, as well as shopping and sporting amenities, the property benefits from consistent tenant interest, particularly from students. Its proximity to the Launceston CBD (about a 15-minute drive) further enhances its appeal for tenants seeking convenience and access to city life.

Overall, this property presents a robust opportunity for investors seeking a diversified rental income from multiple tenancies coupled with strong future adaptability and tenant appeal in a well-positioned suburb.

Local Market Insights

In Newnham, Quiet Listings observed 25 new houses entering the market over the last 30 days, up from 14 during the previous 30-day period, with an average advertised asking price of $587,440. The property type mix of listed properties is predominantly Houses at 81%, followed by units (9%), and home for sales (6%). The most active agency for houses in the Newnham area is currently Ian McCallum - Property Representative, representing 20% of new listings, followed by Ray White with 16%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.