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18 Olive Street, Newstead, Tas 7250-Image

18 Olive Street, Newstead, Tas 7250

$1,200,000

Block Of Units

Type

Bedrooms

Bathrooms

Parkings

916 m²

Area

Last updated on Saturday, June 20, 2026 ( See property details for 18 Olive Street, Newstead, Tas 7250)

$1,200,000

Katrina Garwood - Real Estate Agent - The Agency - Team Bushby

Katrina Garwood Property Partner

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Bradley Philbrick - Real Estate Agent - The Agency - Team Bushby

Bradley Philbrick Property Partner

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare investment opportunity featuring three fully leased townhouses on a substantial 916sqm block in the highly sought-after Newstead suburb, offering immediate income and future development potential.

🏡 Property Highlights

Three well-configured two-storey townhouses on a single 916sqm title
Immediate income streams with proven rental appeal
No strata fees, offering streamlined management and full control
Potential for future value-add through cosmetic upgrades or strata subdivision (STCA)
Prime location within walking distance to Newstead Shopping Centre and amenities
Strong tenant demand due to proximity to schools, CBD, and lifestyle facilities

✨ Key Features

Garage
Outdoor Area
Built-in Robes
Open-Plan Living
Waterfront / Views
Security Screens / Gates
Fly Screens
NBN / High-Speed Ready
Extra Storage (Shed/Linen)
Pet-Friendly

Suburb and Property Insights of Newstead, TAS 7250

Newstead is a highly desirable suburb in Launceston, renowned for its strong community feel, excellent schools, and convenient access to the CBD. The area offers a vibrant lifestyle with local cafes, shopping centres, and medical facilities. Surrounded by parks and recreational spaces, it appeals to both tenants and owner-occupiers seeking a balanced, convenient lifestyle. Its strategic location ensures consistent demand and long-term growth prospects.

Frequently Asked Questions

What is the current rental income generated by the property?

The property currently provides three established income streams from the three townhouses, with rental figures varying based on market conditions.

Can the property be subdivided into separate titles in the future?

Yes, there is potential for strata subdivision (STCA), which could enhance the property's value and flexibility.

Are there any ongoing strata fees or management costs?

No, as the property is held on a single title, there are no strata fees or management costs associated with strata schemes.

What are the zoning and planning restrictions for this property?

The property is zoned for residential use, with potential for future development or subdivision subject to council approval.

Are there any known issues or defects with the property?

The property has been well-maintained; however, a detailed inspection is recommended to identify any specific issues.

What to ask about this property to agent?

Are there any easements, covenants, or zoning restrictions that could affect future development or subdivision plans? What are the council rates and land tax costs associated with the property? Are there any planned or upcoming construction projects or developments in the vicinity that could impact the property? Is there any history of flooding, bushfire risk, or other environmental hazards in the area? Are there any existing or pending planning or compliance issues related to the property or its current use?

18 Olive Street, Newstead, Tas 7250 - More Details

$1,200,000

Type: Block Of Units
Bedrooms: 6
Bathrooms: 3
Parkings: 3
Area: 916 m²

18 Olive Street, Newstead, Tas 7250 - Point Of Interest

Locate Near By Places of 18 Olive Street, Newstead, Tas 7250 On Map

Your Commute at a Glance: 18 Olive Street, Newstead, Tas 7250

Email Enquiry To The Agency - Team Bushby

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Katrina Garwood

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Bradley Philbrick

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18 Olive Street, Newstead, Tas 7250

$1,200,000

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