Back 3/37 Bishops Drive
Off Market

3/37 Bishops Drive

Newnham TAS 7248

House
Jeremy WilkinsonJeremy Wilkinson, last sold this property on 16 December 2025 after -1 days on market.

Overview

A rare chance to own an entire complex of three co-joined two-bedroom units on individual titles - with no body corporate or strata obligations to other owners. This rare set-and-forget asset delivers a strong rental yield above 6% with tenants already in place. Each low-maintenance brick unit offers a galley kitchen, generous living, built-in storage, bathroom with laundry facilities, separate toilet, reverse cycle air conditioning and a sunny backyard plus its own carport. Set on a flat block just minutes from Mowbray's shops and services, close to TAFE, the University, the Maritime College and only ten minutes from Launceston's CBD. Three titles, three tenants - this solid brick investment delivers immediate returns without strata headaches in a sought-after rental location. Key Features: • Unique investment opportunity (3 co-joined units on individual titles) • Tenants in place - set and forget • Three low maintenance brick two-bedroom units • No body corporate fees or strata corporations to

Features

House

Estimated Value

Based on this property and similar houses sold in Newnham over the last 12 months, the estimated median property value of 3/37 Bishops Drive is $590k.

Median value
$590k
Estimated value range
$300k - $850k
Median days on market
15
Estimated value trend
19%
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 3/37 Bishops Drive

2025
Sold
Undisclosed
Private Sale/Treaty on 16 Dec 2025 by Jeremy Wilkinson, of Harcourts Launceston

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 32 reviews in Newnham over the last 12 months.

Local market activity for houses in Newnham

In the last 12 months, 110 houses similar to 3/37 Bishops Drive, have been sold.

This represents a 10% decrease in houses sales when compared to the previous 12 months.

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