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Back Units 1, 2 & 3/37 Bishops Drive
Off Market

Units 1, 2 & 3/37 Bishops Drive

Newnham TAS 7248

2
1
1
80 m²
572 m²
Unit
Last sold for $600,000
Jeremy WilkinsonJeremy Wilkinson, last sold this property on 02 February 2026 after 161 days on market.

Overview

Own the Whole Complex

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 worry about (one owner) • Galley kitchens, dining areas and generous size living rooms • Two double bedrooms in each, all with built in storage • Bathrooms incorporate the laundry facilities & offer a bath • Convenience of separate toilets • Reverse cycle air conditioning in each • Flat, easy care block - each has a sunny backyard • Carport assigned to each unit • Just 6 minutes' drive to shops, supermarkets, eateries & services in Mowbray • Close to TAFE College, University, Aust Maritime College and all city conveniences • Only 10 Minutes to Launceston's CBD Jeremy Wilkinson's Launceston's most recommended agent - happy to chat whenever you're ready. Rental return: Unit 1 - $360 Lease end 12/6/2026 Unit 2 -$400 pw Lease end 12/2/2027 Unit 3 - $350 pw Lease end 24/9/2026 Rates: $1600pa approx Unit sizes: 80 sqm each Land size: Unit 1 - 209 sqm, Unit 2 - 149 sqm, Unit 3 - 214 sqm Built: 1981 Council: Launceston Council Zoning: General Residential **Harcourts Launceston 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. All measurements are approximate**

Features

2 bedrooms
1 bathroom
1 carspace
1 carport space
80 m² floor area
572 m² lot size
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Newnham over the last 12 months, the estimated median property value of Units 1, 2 & 3/37 Bishops Drive is $406.25k.

Median value
$406.25k
Estimated value range
$275k - $600k
Median days on market
24
Estimated value trend
18%
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 Units 1, 2 & 3/37 Bishops Drive

2026
Sold
$600,000
Private Sale/Treaty on 02 Feb 2026 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 2 bedroom units in Newnham

In the last 12 months, 17 two-bedroom units similar to Units 1, 2 & 3/37 Bishops Drive, have been sold.

This represents a 10% increase in two-bedroom units 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   (883 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   (713 reviews)
  •  4 Reviews in Newnham
  •  4 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 3 local sales and collected 2 local reviews across the last 12 months.

  •   5   (11 reviews)
  •  2 Reviews in Newnham
  •  3 Sales in Newnham
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