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9/88 Elphin Road, Newstead$480,000
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9/88 Elphin Road

Newstead, TAS 7250, Australia
$480,000
3 bed 1 bath 1 car97 m²

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About this property

Completed in 1966 and designed by prominent architect, and former Hobart Alderman, Barry Fisher, Elphin House Apartments are a recognised Elphin Road landmark that showcases the best of Launceston's mid-century architecture in a sought after location Positioned on the top floor and commanding one of the best aspects in the complex, this light-filled apartment is framed by a magnificent magnolia tree and enjoys beautiful sunlight throughout the day. The apartment offers a flexible floorplan of either two bedrooms and two living areas, or three bedrooms, making it ideal for a range of lifestyles. A private balcony adds to the appeal, while the layout feels both practical and welcoming, perfect for easy living or a smart investment. With fresh updates throughout, the apartment features new timber-look laminate flooring, new carpet in the master bedroom, and a crisp, neutral palette ready for you to personalise. Convenience is exceptional, located just moments (approximately 2km) from Launceston's CBD, with a bus stop at your doorstep and easy access to private hospitals, leading schools, and everyday amenities. Key Features: Top-floor position with excellent natural light Flexible 23 bedroom floorplan Private balcony Fresh updates Iconic mid-century complex Convenience & location Investment Details: Rental appraisal: $495$510 per week Council Rates $1,485 per annum Water Rates $940 per annum Body Corporate: $929 per quarter Perfectly suited to first home buyers, downsizers or investors seeking a premium location with lasting appeal. The information on this website has in part been supplied to Harrison Agents Launceston by third parties and all information is published solely for potential purchasers to assist them in deciding whether or not they wish to make further enquiries about the properties. Harrison Agents Launceston has not checked the accuracy of the information and does no more than pass it on.

Property Details

Property Type
apartment
Listing Type
Sold
Bedrooms
3
Bathrooms
1
Parking
1
Land Area
97 m²
Listed
2 months ago

Repayment calculator

$2,327/month
$1,164 /fortnight
Loan $384,000 at 6.10% over 30 years

Upfront costs

Deposit$96,000
Stamp duty$17,398
Conveyancing (est.)$2,000
Total upfront$115,398
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Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Newstead

This 3-bedroom apartment in Newstead, TAS 7250 sits within reach of public transport, local shops and nearby schools. It is listed 34% below the $732,500 median of 60 comparable apartmentswithin 5 km.

Schools near Newstead

  • Newstead Christian Schoolcombined · Prep-10 · CoEd
  • Scotch Oakburn Collegecombined · Prep-12 · CoEd
  • Punchbowl Primary Schoolprimary · K-6 · CoEd
  • St Thomas More's Catholic Schoolprimary · Prep-6 · CoEd
  • Newstead Collegesecondary · 11-12 · CoEd

What's nearby

  • Elphin Rd Stop 7 Out (bus)236 m away
  • Zen Beauty374 m away
  • Elphinwood Square345 m away
  • Unnamed358 m away
  • Broadland Park485 m away

Newstead at a glance

Full suburb profile
Population
5,617
Median age
43
Household income
$1,470/wk
Median rent
$310/wk
Median mortgage
$1,417/mo

Source: ABS Census.

Due diligence

Property Report

Flood Risk

Complete
Low flood risk

None

Low

Medium

High

Newstead is a suburb in the Launceston area of Tasmania with generally low flood risk. While Tasmania does experience flooding in specific catchments (notably the South Esk and Tamar river systems around Launceston), Newstead is not identified as a major flood-affected area in historical records. Properties should be assessed individually against local council flood mapping and any site-specific drainage constraints.

Planning controls

  • Tasmanian Planning Scheme flood-related provisions for properties near watercourses
  • Local hazard overlays from Launceston City Council flood studies
  • Building Code of Australia (BCA) minimum floor level requirements for flood-prone areas
  • Development assessment for properties within 100m of defined waterways or drainage lines
Source: StMate AI — TAS flood overlays06/05/2026
Disclaimer: This report combines data from Australian Government open data portals (CC-BY 4.0) and StMate AI. For non-NSW properties some sections (zoning, flood, bushfire, development, heritage) are AI-generated based on publicly known suburb characteristics — always verify with the relevant council or authority before making decisions. This report does not constitute legal, financial, or planning advice.

Suburb market

Suburb price trend

Newstead price trend

Median sold · Unit 2 bed

$400kcurrent median

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