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Back 120 George Town Road
Off Market

120 George Town Road

Newnham TAS 7248

4
1
2
117 m²
667 m²
House
Last sold for $555,000
Lochie ReidLochie Reid, last sold this property on 03 May 2026 after 19 days on market.

Overview

The Perfect Investment or First Home

Positioned on a prominent corner allotment in an established Newnham pocket, this four-bedroom home presents a straightforward opportunity for buyers seeking immediate income with scope to add value over time. Currently tenanted at $540 per week, the property offers a solid holding income from day one, making it particularly appealing for investors looking to secure a well-performing asset in a consistently active rental location. Internally, the home provides a functional and flexible layout, with a central living room connecting through to the kitchen and dining space. The kitchen is practical as is, with good storage and usability, while still offering clear potential for future improvement if desired. Accommodation comprises four bedrooms, providing versatility for families, shared living or continued rental demand. The bathroom has been updated in parts, and overall, the home is comfortable in its current condition while leaving room for further enhancement. Set on a generous allotment, the property includes a large concrete driveway, carport, and additional off-street parking, along with a covered outdoor area and established yard space. The corner position also adds flexibility and accessibility, which is often sought after by both tenants and future buyers. Located within close proximity to the University of Tasmania, Maritime College, local schools and shopping, Newnham continues to see consistent demand from both renters and owner occupiers alike. For buyers looking at the bigger picture, this is a property that works today, with the ability to improve and grow into the future. Contact Lochie today to register your interest.

Features

4 bedrooms
1 bathroom
2 carspaces
2 carport spaces
117 m² floor area
667 m² lot size
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in Newnham over the last 12 months, the estimated median property value of 120 George Town Road is $675k.

Median value
$675k
Estimated value range
$346k - $850k
Median days on market
20
Estimated value trend
17%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Newnham. 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 120 George Town Road

2026
Sold
$555,000
03 May 2026 by Lochie Reid, of Living Here Launceston
2023
Rented
Undisclosed
Leased on 26 Jul 2023 by LJ Hooker Launceston
2022
Sold
$360,000
08 Jun 2022 by Beverley Bradshaw, of Peter Lees Real Estate

Happy sellers in Newnham

95%
95% of sellers in Newnham reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 35 reviews in Newnham over the last 12 months.

Local market activity for 4 bedroom houses in Newnham

In the last 12 months, 24 four-bedroom houses similar to 120 George Town Road, have been sold.

This represents a 26% decrease in four-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 Newnham

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Jeremy Wilkinson

Sellers who recommend Jeremy Wilkinson have praised them for being clear communication, local expert, responsive, honest, supportive, reliable and friendly

  •   4.9   (888 reviews)
  •  12 Reviews in Newnham
  •  14 Sales in Newnham
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Jarrah Burns

Sellers who recommend Jarrah Burns have praised them for being clear communication, local expert, responsive, honest, friendly, reliable and supportive

  •   4.9   (716 reviews)
  •  5 Reviews in Newnham
  •  5 Sales in Newnham
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Neil Hawkins

Sellers who recommend Neil Hawkins have praised them for being clear communication, local expert, responsive, friendly, supportive, reliable and stress-free process

  •   4.9   (257 reviews)
  •  4 Reviews in Newnham
  •  4 Sales in Newnham
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Lochie Young

Lochie Young is a recommended agent for Newnham.  They have 4 local sales and collected 3 local reviews across the last 12 months.

  •   5   (12 reviews)
  •  3 Reviews in Newnham
  •  4 Sales in Newnham
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