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Back 298 Penquite Road
Off Market

298 Penquite Road

Norwood TAS 7250

3
2
5
172 m²
823 m²
House
Last sold for $700,000
Alyce FlemingAlyce Fleming, last sold this property on 20 October 2025 after 26 days on market.

Overview

Elevated Living With Space, Style and Versatility

Experience comfort, style and functionality in this beautifully maintained property with elevated views of rolling hills, ideally positioned on an 823m² block in the heart of family-friendly Norwood, just seven minutes from Launceston's CBD. As you head up to the front verandah, pause for a moment and take in tranquil elevated views to the northeast across mature trees to lush green farmland. Step inside the open plan living area where natural light floods in from windows on three sides of the home presenting a lovely first impression. Large enough for more than one cook, the well-equipped kitchen is the heart of the home, boasting a timeless design, gas cooktop, dishwasher, display cabinets, and extensive storage including a corner pantry. Outdoors, the property has a covered alfresco area overlooking stunning gardens and numerous places in the backyard to enjoy the sunshine. From the patio, you can access the sunroom providing an excellent multipurpose space which could be utilised as a study, second living area, teenage retreat or even a fourth bedroom. The property has been run as a successful Airbnb which gives the new owner the option to utilise it for short term accommodation if desired. Inside, discover three generous bedrooms with plush carpets and built-in robes offering plenty of space for everyone. The master suite is cleverly zoned for privacy, complete with a walk-in robe, private ensuite, and gorgeous views from the bay window. Additional features of the home include a separate laundry with storage and exterior access, split system in the living area, and a single carport plus extra off-street parking space. Positioned within walking distance from Charlton Street Reserve and Norwood Primary School, the property is only a four minute drive from shops and cafes at Kings Meadows. Located just a seven minute drive from the city centre, this is where convenience and lifestyle go hand in hand. For more information or to arrange an inspection please contact Alyce Fleming on 0499 082 614.

Features

3 bedrooms
2 bathrooms
5 carspaces
172 m² floor area
823 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Norwood over the last 12 months, the estimated median property value of 298 Penquite Road is $620k.

Median value
$620k
Estimated value range
$485k - $860k
Median days on market
14
Estimated value trend
9%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Norwood. 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 298 Penquite Road

2025
Sold
$700,000
Private Sale/Treaty on 20 Oct 2025 by Alyce Fleming, of Wolf Property
2022
Sold
$580,000
02 Feb 2022 by Jess Christmas, of Roberts Real Estate Launceston

Happy sellers in Norwood

93%
93% of sellers in Norwood reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 11 reviews in Norwood over the last 12 months.

Local market activity for 3 bedroom houses in Norwood

In the last 12 months, 36 three-bedroom houses similar to 298 Penquite Road, have been sold.

This represents a 24% decrease 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 Norwood

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Luke French

Sellers who recommend Luke French have praised them for being clear communication, local expert, great negotiation, honest, dedicated, reliable and friendly

  •   5   (133 reviews)
  •  3 Reviews in Norwood
  •  2 Sales in Norwood
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Lochie Rooney

Lochie Rooney is a recommended agent for Norwood.  They have 2 local sales and collected 3 local reviews across the last 12 months.

  •   5   (80 reviews)
  •  3 Reviews in Norwood
  •  2 Sales in Norwood
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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)
  •  3 Reviews in Norwood
  •  1 Sale in Norwood
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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   (883 reviews)
  •  2 Reviews in Norwood
  •  6 Sales in Norwood
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