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27 David Street, Newstead TAS 7250

Offers Over $975,000

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$975k - $1.02M Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 1 Car 626 m² 150 m²

Listed: 37 days ago

Updated: 17 hours ago

Overview

Located prominently on the corner of David and Douglas Streets in Newstead, this property uniquely blends residential charm with commercial versatility. The home itself is a beautifully maintained 1940s cottage updated for contemporary living, featuring freshly painted interiors and exteriors alongside a brand new kitchen that benefits from ample natural light and modern appliances.

Inside, two spacious bedrooms with built-in robes are complemented by a flexible sunroom that can serve as a third bedroom, study, or extra living space, enhancing the home's adaptability to different lifestyle needs. Adjoining the kitchen, a cozy lounge offers a serene environment perfect for relaxation, while a stylish bathroom and internal laundry add to the home's practical layout.

The property is equipped with two reverse-cycle air conditioning units ensuring comfort throughout the year. Externally, manicured cottage-style gardens framed by a fully fenced yard provide a private and secure outdoor sanctuary. A decked area introduces a delightful space for leisure and enjoying the sunshine in a tranquil garden setting.

Adding to the property's appeal is a separate commercial shopfront with its own entrance and amenity, currently tenanted by a local business under a month-to-month lease. This component presents an excellent opportunity for business operators, investors, or owner-occupiers seeking an integrated live-work arrangement or flexible commercial potential.

This rare combination of a well-preserved character home and income-generating commercial space in a convenient, sought-after location close to shops, schools, amenities, and the Launceston CBD offers diverse possibilities tailored to homebuyers, investors, or small business proprietors. Overall, 27 David Street stands out for its dual-purpose functionality, historical character, and lifestyle-friendly features.

Local Market Insights

In Newstead, Quiet Listings observed 60 new houses entering the market over the last 30 days, up from 48 during the previous 30-day period, with an average advertised asking price of $771,933. The property type mix of listed properties is predominantly Houses at 57%, followed by land (21%), and units (15%). The most active agency for houses in the Newstead area is currently Harrison Humphreys Real Estate, representing 18% of new listings, followed by Harcourts with 17%. 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.