A Smart Investment in a Sought-After Location

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28 Arundel Street, Newstead TAS 7250

Best Offer Over $599,000

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$599k - $629k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 1 Car 569 m² 114 m²

Listed: 4 hours ago

Overview

This well-maintained house at 28 Arundel Street in Newstead offers an excellent investment opportunity in one of the suburb's most desirable and consistently sought-after areas. Positioned at the end of a quiet cul-de-sac, the property benefits from an elevated northerly aspect that fills the home with natural light throughout the day and provides pleasant views of the surrounding neighbourhood.

The open-plan living space is designed for comfort and ease of living, seamlessly flowing onto a spacious north-facing deck. This outdoor extension enhances the living area, providing a welcoming environment for tenants or owner-occupiers to relax and entertain while enjoying ample sunlight.

Comfort is ensured year-round thanks to a reverse cycle heat pump, while recent updates to lighting, electrical fixtures, plumbing, and the bathroom mean that the property requires minimal immediate maintenance or renovation. This allows new occupants or landlords to move in with confidence and focus on personalising the space over time if desired.

The floorplan includes three bedrooms, notably featuring a generous master bedroom with a walk-in robe, maximizing practicality and storage options. The fully fenced backyard adds privacy and security, making the property suitable for a range of occupants including families or those seeking outdoor space. A detached single garage further contributes to the property's broad appeal.

The location is a key highlight, offering easy walking access to quality local schools including Scotch Oakburn Senior School and Punchbowl Primary School, as well as childcare facilities, parks, and cafés. Newstead Shopping Centre and the Launceston CBD are conveniently close, with major amenities like Launceston General Hospital less than three kilometres away, supporting strong rental demand and potential capital growth.

Whether you are looking to add a quality rental property to your portfolio or purchase a home in a blue-chip suburb with excellent future prospects, this property presents a compelling choice. Currently rented at $550 per week until October 2027, it provides immediate rental income with potential for long-term value appreciation.

Land size: 569m²
House size: 114m² plus a 20m² detached garage
Built in 1950
Council: City of Launceston, zoning residential
Annual rates approximately $1750
Features: Dishwasher, Internal Laundry, Reverse Cycle Air Conditioning
Outdoor: Deck, Garden, Outdoor Entertaining Area with City Views

Local Market Insights

In Newstead, Quiet Listings observed 67 new houses entering the market over the last 30 days, up from 52 during the previous 30-day period, with an average advertised asking price of $828,806. The property type mix of listed properties is predominantly Houses at 65%, followed by land (15%), and units (12%). The most active agency for houses in the Newstead area is currently Harcourts, representing 21% of new listings, followed by Ian McCallum - Property Representative with 13%. 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.