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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: 8th Aug 2026

Overview

Positioned at 53 George Town Road, Newnham, this property presents a lucrative investment opportunity through its structured share house setup, comprising two separate dwellings on a single title. The accommodation offers a total of six bedrooms, each with private ensuite facilities, ensuring attractive individual tenancies with privacy and convenience valued by tenants.

The main residence features three bedrooms, all with ensuites, complemented by an open-plan living and kitchen area and a dedicated laundry. At the rear, a self-contained unit replicates this layout, delivering a further three bedrooms with ensuites and similar living comforts, making it ideal for shared living arrangements.

Recent renovations to the main house have enhanced its appeal, including upgrades to plumbing, electrical works, and a new roof. The addition of a freshly built deck enhances the outdoor living potential. The rear unit, relatively newer, offers a low-maintenance lifestyle with modern amenities that attract consistent tenant interest.

With solar panels installed, the property benefits from reduced running costs, which is an important consideration for communal rental properties. Ample onsite parking and easy side access accommodate multiple vehicles, fostering convenience and ease of access for tenants.

This dual-dwelling layout on one title offers investors flexibility; the current share house model generates stable income from multiple tenancies while providing options for future strata title or subdivision developments, subject to council approval. The location is highly convenient, close to educational institutions such as The Maritime College, TAFE, and several primary schools, which maintains steady demand from student renters. Proximity to shopping centers and sporting facilities further enhances desirability.

Overall, this property is suited to investors seeking steady rental income with diversified tenancy risk and potential future capital growth, through adaptive use of the site and buildings accommodated by the flexible layout.

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.