Back 12/86 Elphin Rd
Off Market

12/86 Elphin Rd

Newstead TAS 7250

2
1
1
83 m²
Unit
Last sold for $320,000
Richard BaileyRichard Bailey, last sold this property on 23 July 2025 after 29 days on market.

Overview

Solid Investment Opportunity in a Prime Newstead Pocket

Located in one of Launceston's most desirable suburbs, this well-maintained unit presents a fantastic investment opportunity with a lease in place until February 2026. Set in a quiet, established neighbourhood and just minutes from top schools, shops, and the CBD, it offers consistent rental return and long-term growth potential in a tightly held location. • Currently tenanted until February 2026 • Prime Newstead location – within walking distance to public transport • Close to Scotch Oakburn and Grammar Junior Campuses • Just 5 minutes to Newstead Shopping Centre and the CBD • Two bedrooms, both with natural light • Living area with north-facing windows • Practical kitchen with good bench space • Carport parking for one vehicle • Quiet, established neighbourhood This light-filled unit is an ideal set-and-forget investment in a high-demand suburb. With a reliable tenancy in place and close proximity to key amenities, schools, and transport, it offers excellent value for investors seeking location, low maintenance, and immediate return. Council Rates $1350 p.a. (approx)

Features

2 bedrooms
1 bathroom
1 carspace
1 carport space
83 m² floor area
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Newstead over the last 12 months, the estimated median property value of 12/86 Elphin Rd is $395k.

Median value
$395k
Estimated value range
$270k - $720k
Median days on market
22
Estimated value trend
14%
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 12/86 Elphin Rd

2025
Sold
$320,000
23 Jul 2025 by Richard Bailey, of The Agency Northern Tasmania
2018
Rented
Undisclosed
Leased on 16 Jul 2018 by Harcourts 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 2 bedroom units in Newstead

In the last 12 months, 12 two-bedroom units similar to 12/86 Elphin Rd, have been sold.

This represents a 20% increase in two-bedroom units sales when compared to the previous 12 months.

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