RateMyAgentGo to search
Back 73 Penquite Road
Off Market

73 Penquite Road

Newstead TAS 7250

3
1
2
121 m²
388 m²
House
Last sold for $635,000
Richard SimsRichard Sims, last sold this property on 19 March 2026 after 51 days on market.

Overview

Low-Maintenance Living or Smart Investment with rental appraisal: $660-$690 per week

Offering the perfect balance of comfort, convenience, and long-term value, this stylish Newstead home presents an outstanding opportunity for home buyers seeking an easy-care lifestyle or investors looking for a well-positioned property with strong rental appeal. Set in one of Launceston's most established and desirable suburbs, the home combines character warmth with modern updates, creating a welcoming space ready to enjoy from day one. At the heart of the home, a contemporary kitchen features stone benchtops, quality appliances, generous storage, and ample preparation space - ideal for everyday living as well as entertaining family and friends. The adjoining open-plan living and dining area is filled with natural light, while polished Tasmanian Oak floorboards add warmth and timeless charm throughout. The home offers three well-proportioned bedrooms, each with built-in wardrobes, while the main bedroom includes a practical study desk - perfect for working from home, study, or flexible living arrangements. Step outside to a private entertainment deck, providing a relaxed space to unwind or host gatherings, all set on a low-maintenance allotment designed for easy ownership without sacrificing outdoor enjoyment. Off-street parking further enhances everyday practicality. For investors, a recent independent rental appraisal indicates a potential return of $660-$690 per week, highlighting the property's strong rental demand and investment credentials in this popular location. Ideally positioned within walking distance of Scotch Oakburn Senior Campus, local shopping, public transport, and just minutes from the Launceston CBD, this home delivers lifestyle convenience alongside long-term appeal. Whether you are looking for a place to call home or a smart addition to your investment portfolio, this is an opportunity not to be missed. ________________________________________ Property Highlights • Low-maintenance home in sought-after Newstead location • Three bedrooms with built-in wardrobes • Light-filled open-plan living and dining • Contemporary kitchen with stone benchtops • Private entertainment deck • Off-street parking • Independent rental appraisal: $660-$690 per week ________________________________________ Property Information • Year Built: 1944 • House Size: 121sqm (approx.) • Land Size: 388sqm (approx.) • Water Rates: $1,000 p.a. approx. • Council Rates: $1,800 p.a. approx. • Municipality: City of Launceston School Catchments Punchbowl Primary School Queechy High School Kings Meadows High School Sims for Property has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations.

Features

3 bedrooms
1 bathroom
2 carspaces
2 open car spaces
121 m² floor area
388 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Newstead over the last 12 months, the estimated median property value of 73 Penquite Road is $675k.

Median value
$675k
Estimated value range
$405k - $920k
Median days on market
15
Estimated value trend
12%
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 73 Penquite Road

2026
Sold
$635,000
19 Mar 2026 by Richard Sims, of Sims for Property
2025
Rented
Undisclosed
Leased on 20 Jan 2025 by The Agency Northern Tasmania
2024
Sold
Undisclosed
Private Sale/Treaty on 03 Nov 2024 by Jane Crawford, of Belle Property 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 41 reviews in Newstead over the last 12 months.

Local market activity for 3 bedroom houses in Newstead

In the last 12 months, 58 three-bedroom houses similar to 73 Penquite Road, have been sold.

This represents a 4% increase 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 Newstead

placeholder
George Bushby

George Bushby is an award winning recommended agent for Newstead.  They have 14 local sales and collected 12 local reviews across the last 12 months.

  •   4.8   (54 reviews)
  •  12 Reviews in Newstead
  •  14 Sales in Newstead
View profile
placeholder
David Hernyk

Sellers who recommend David Hernyk have praised them for being clear communication, local expert, responsive, friendly, honest, easy to work with and supportive

  •   4.9   (417 reviews)
  •  6 Reviews in Newstead
  •  8 Sales in Newstead
View profile
placeholder
Jake Loizou

Sellers who recommend Jake Loizou have praised them for being well-prepared, clear communication, local expert and responsive

  •   5   (25 reviews)
  •  5 Reviews in Newstead
  •  2 Sales in Newstead
View profile
placeholder
Michael Dearsley

Sellers who recommend Michael Dearsley have praised them for being clear communication, local expert, responsive, friendly, supportive, dedicated and honest

  •   5   (312 reviews)
  •  4 Reviews in Newstead
  •  5 Sales in Newstead
View profile
or
Skip the list and find your ideal agent to sell your propertyFind My Agent
RateMyAgent
Quick Links
© 2026 RateMyAgent
Privacy PolicyTerms & ConditionsSitemap