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34 Penquite Road, Newstead TAS 7250

Expressions Of Interest

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$700k - $750k Medium Confidence Calculated based on our search observations.

House 3 Beds 2 Baths 2 Cars 779 m² 247 m²

Listed: 37 days ago

Overview

Positioned on a substantial 779 square meter parcel in the highly sought-after suburb of Newstead, this original 1960s solid brick residence offers a compelling opportunity for buyers to acquire a property rich in character and charm, yet ripe for renovation or re-imagination. The home's enduring construction and vintage finishes provide a tangible connection to a past era, serving as a distinctive foundation for enhancing and modernizing to personal tastes.

The layout encompasses three well-sized bedrooms and two bathrooms over a sizeable internal area of 247 square meters, complemented by multiple living zones which afford both immediate comfort and considerable scope for future adaptation. The inclusion of two parking spaces and a courtyard enhances the functional appeal of the property, ensuring practical convenience alongside potential aesthetic improvements.

Ideal for first-home buyers looking to invest equity in value-adding renovation, astute investors seeking a promising asset in a blue-chip neighborhood, or renovators craving a rewarding project, this property combines the benefits of an established location with untapped potential. Its proximity to schools, shopping centers, medical facilities, and the Launceston CBD underscores its appeal as a home that offers lifestyle ease as well as investment opportunity.

Rarely offered solid brick home maintaining original 1960s charm and features
Expansive 779 sqm allotment providing space for outdoor enhancement or extension
Three bedrooms and two bathrooms paired with multiple living areas
Garage space for two vehicles and an adjoining courtyard
Situated in a convenient location close to essential services and the CBD
Ideal for buyers aiming to renovate, reinvigorate, or customize a classic property

This residence stands as an exceptional prospect to secure a substantial property in Newstead with superb potential to craft a bespoke home or lucrative investment within one of Launceston's tightly held suburbs.

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.