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Back 3 Olive Street
Off Market

3 Olive Street

Newstead TAS 7250

5
3
4
360 m²
1722 m²
House
Last sold for $3,200,000
Thomas BairdThomas Baird, last sold this property on 06 November 2025 after 10 days on market.

Overview

Elphin House c1856 · First Time to Market · Gothic Revival Landmark

Set in Launceston - Australia's third-oldest city and custodian of some of its earliest domestic architecture - Elphin House stands as one of Australia's most intact 19th-century Gothic Revival residences. Built by the Reverend William Dry, son of Richard Dry Snr, and kin to Sir Richard Dry, Tasmania's first-born Premier, the home formed the grand residence on the original Elphin Farm, which once occupied the entire eastern side of Elphin Road. Origins and Heritage Constructed in the latter half of the 1800s, the house exemplifies the Victorian Gothic Revival, with its steep gables, dormered rooflines, pointed-arch windows, and delicate bargeboards rendered in timber - a colonial interpretation of the romantic Gothic ideal. The Dry family's influence, and their earlier estate at Quamby, are evident in both proportion and planting: the formal gardens, statuary, and even specific tree species trace lineage to Quamby's own collections, later refined under Lady Sallie Ferrall, who tended these grounds with the same artistic precision that made her garden at Elphin House famous. Architectural Renewal Today, the 300 m²+ residence on 1,722 m² of land pairs heritage permanence with architectural clarity. Structurally and aesthetically rebuilt under the stewardship of the current owners, two additions of contemporary glass pavilions - a dining wing and a study - extend from the original masonry in quiet contrast to the historic and original building fabric. The transparency of their forms brings the gardens and sky into the Gothic frame, transforming the experience of light without compromising the silhouette that has defined this property for more than 150 years. Interiors and Fabric Original pressed-tin ceilings, marble mantelpieces and the servant stair remain; they're balanced by black timber joinery, large-format floor tiles in the contemporary domains, and the original pine floorboards to the upper level. The palette moves from soft pinks and deep blues in heritage rooms to crisp contemporary whites within the glass pavilions. Bathrooms reinterpret ecclesiastical glazing in a minimalist language, while living areas now flow effortlessly between formal rooms and open garden pavilions. Grounds and Setting Paved courtyards, screening hedges and mature canopy trees frame the architecture in symmetry and shade. The rear garden reveals a modern leisure precinct - swimming pool, outdoor oven and entertaining terrace - harmonised by the same attention to geometry that defines the house itself. Essence From the Dry family's nineteenth-century Elphin Farm to its present renewal, Elphin House charts Launceston's own arc: Gothic fabric preserved; the plan extended in glass; history lived, not displayed. Never previously offered to the public, this is a once-in-170-year chance to secure a home with direct ties to Launceston's founding.

Features

5 bedrooms
3 bathrooms
4 carspaces
360 m² floor area
1722 m² lot size
House

Estimated Value

Based on this property and similar 5 bedroom houses sold in Newstead over the last 12 months, the estimated median property value of 3 Olive Street is $1.82m.

Median value
$1.82m
Estimated value range
$675k - $3.2m
Median days on market
29
Estimated value trend
96%
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 3 Olive Street

2025
Sold
$3,200,000
Private Sale/Treaty on 06 Nov 2025 by Thomas Baird, of Thomas and Associates Tasmania

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 5 bedroom houses in Newstead

In the last 12 months, 8 five-bedroom houses similar to 3 Olive Street, have been sold.

This represents a 50% decrease in five-bedroom houses sales when compared to the previous 12 months.

Nearby agents

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George Bushby

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David Hernyk

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Jake Loizou

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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   (305 reviews)
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