73 Penquite Road NEWSTEAD, 7250

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.
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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
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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.