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Back 116 Penquite Road
Off Market

116 Penquite Road

Newstead TAS 7250

3
2
3
660 m²
House
Last sold for $710,000
Brad GrayBrad Gray, last sold this property on 08 September 2025 after 6 days on market.

Overview

Fully Renovated with Mid Century Charm

Perfectly positioned in a sought-after and convenient Newstead location, this beautifully restored mid-century family residence captures sweeping views while basking in all-day sun. Originally built circa-1960, the spacious property has been renovated, blending timeless character with modern sophistication at every turn. A flexible floor plan provides numerous spaces for family living and effortless entertaining. A sumptuous lounge with wood heating and the option of two heat pumps throughout the home sets the tone for warmth and comfort, complemented by a casual sitting room and a dedicated family dining area, all enhanced by polished timber flooring. The updated kitchen boasts generous solid countertops, premium appliances, abundant storage within quality cabinetry and pantry, and a seamless connection to the dining room. Glass sliding doors extend the indoor spaces out to a superb outdoor entertaining deck, with an in-built BBQ bench with storage, and surrounding manicured, high hedges creating a private sanctuary. A partially sheltered verandah at the front of the home offers further al fresco space, with delightful district views. Accommodation includes three generous and light-filled bedrooms all with updated double glazing, two with substantial built-in wardrobes, while the master retreat offers a walk-in robe and a stylish ensuite with a striking barn door. The main bathroom is equally refined, featuring a sophisticated monochrome palette, bath, shower, vanity, and toilet. A cleverly concealed laundry is tucked neatly beside the kitchen, maximising space and functionality. The established gardens have been thoughtfully designed to be low maintenance, with lush lawns at the rear, fully fenced and level, ideal for children and pets. Mature trees and shrubs at the front boundary provide privacy from the road. Ample off-street parking is provided within a secure garage and a two-car carport. There is no shortage of storage throughout the property, including within the garage. Ideally located just moments from quality schools, both public and private including Scotch Oakburn College, close to the Newstead shopping precinct, Punchbowl Reserve, Norwood IGA and a short drive to the Launceston CBD, this remarkable home delivers an exceptional lifestyle opportunity with timeless appeal.

Features

3 bedrooms
2 bathrooms
3 carspaces
3 garage spaces
660 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Newstead over the last 12 months, the estimated median property value of 116 Penquite Road is $652.5k.

Median value
$652.5k
Estimated value range
$405k - $920k
Median days on market
15
Estimated value trend
8%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Newstead. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 116 Penquite Road

2025
Sold
$710,000
Private Sale/Treaty on 08 Sep 2025 by Brad Gray, of Bushby Creese
2020
Sold
Undisclosed
Private Sale/Treaty on 19 Mar 2020 by Ananda Cairns, of Key2 Property
2015
Sold
$242,000
23 Aug 2015 by Deb Pickett-Beamish, of LJ Hooker Launceston

Happy sellers in Newstead

88%
88% of sellers in Newstead reported that their sale price either exceeded or met their price expectations.

Newstead stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 40 reviews in Newstead over the last 12 months.

Local market activity for 3 bedroom houses in Newstead

In the last 12 months, 58 three-bedroom houses similar to 116 Penquite Road, have been sold.

This represents a 9% increase in three-bedroom houses sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Newstead

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George Bushby

George Bushby is an award winning recommended agent for Newstead.  They have 14 local sales and collected 12 local reviews across the last 12 months.

  •   4.8   (54 reviews)
  •  12 Reviews in Newstead
  •  14 Sales in Newstead
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David Hernyk

Sellers who recommend David Hernyk have praised them for being clear communication, local expert, responsive, friendly, honest, easy to work with and supportive

  •   4.9   (416 reviews)
  •  6 Reviews in Newstead
  •  7 Sales in Newstead
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Jake Loizou

Sellers who recommend Jake Loizou have praised them for being well-prepared, clear communication, local expert and responsive

  •   5   (25 reviews)
  •  5 Reviews in Newstead
  •  2 Sales in Newstead
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Michael Dearsley

Sellers who recommend Michael Dearsley have praised them for being clear communication, local expert, responsive, friendly, supportive, reliable and dedicated

  •   5   (303 reviews)
  •  4 Reviews in Newstead
  •  5 Sales in Newstead
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