3/1-3 Newnham Close
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About this property
Positioned in the ever-popular northern suburb of Newnham, this well-maintained two-bedroom unit presents an outstanding opportunity for investors seeking an affordable property with an established rental return. Currently tenanted at $360 per week, this low-maintenance unit was built in the 1990s and offers immediate income from day one. Conveniently located just minutes from the Mowbray Shopping Centre, the University of Tasmania's Newnham campus, the Australian Maritime College, and a reliable public bus service, the property enjoys excellent access to education, shopping, and transport, making it a consistently attractive rental proposition. Property Features: Two comfortable bedrooms Solid brick construction built in the 1990s Currently leased at $360 per week Low-maintenance investment Close to Mowbray Shopping Centre Minutes to the University of Tasmania and Australian Maritime College Situated on a reliable public transport route Ideal addition to an investment portfolio or an affordable entry into the property market Whether you're looking to expand your investment portfolio or secure a property in a high-demand rental location, this Newnham unit represents excellent value and strong potential. Contact us today to arrange your inspection or request further information.
Property Details
- Property Type
- house
- Listing Type
- For Sale
- Bedrooms
- 2
- Bathrooms
- 1
- Parking
- 1
- Land Area
- 251 m²
- Listed
- 2 weeks ago
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Neighbourhood
Living in Newnham
This 2-bedroom house in Newnham, TAS 7248 sits within reach of public transport, local shops and nearby schools. It is listed 45% below the $595,000 median of 54 comparable houseswithin 5 km.
Schools near Newnham
- Australian Christian College - Launcestoncombined · Prep-10 · CoEd
- Mastery Schools Australia - Launcestonspecial
What's nearby
- Alanvale Rd (TAFE) Out (bus) — 811 m away
- Mission Shop — 1.0 km away
- Laver Grove Park — 608 m away
- Torrens Street Park — 989 m away
- Mount Stuart Reserve — 1.2 km away
Newnham at a glance
Full suburb profile- Population
- 7,073
- Median age
- 34
- Household income
- $1,223/wk
- Median rent
- $270/wk
- Median mortgage
- $1,300/mo
Source: ABS Census.
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Newnham price trend
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