Investment Property in Newnham with Dual Dwellings and Income Potential

For Sale

53 George Town Road, Newnham, Tas 7248-Image

53 George Town Road, Newnham, Tas 7248-Floorplan

House

Type

Bedrooms

Bathrooms

Parkings

893 m²

Area

Published on Wednesday, August 05, 2026 ( See property details for 53 George Town Road, Newnham, Tas 7248)

Offers Over $949,000

Richard Bailey - Real Estate Agent - The Agency - Team Bushby

Richard Bailey 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 versatile dual-dwelling share house in Newnham offering six bedrooms with private ensuites, modern renovations, and future development potential.

🏡 Property Highlights

Two separate dwellings on one title with flexible future development options (S.T.C.A).
All six bedrooms are individually tenanted with private ensuites, ensuring steady income.
Recently renovated main residence with new plumbing, electrical, roof, and deck.
Modern, low-maintenance rear unit with strong tenant appeal.
Solar panels installed to reduce operating costs.
Ample onsite parking with side access for multiple vehicles.

✨ Key Features

Open-Plan Living
Ensuite
Solar Panels
Outdoor Area
Built-in Robes
Separate Laundry
Side Access
Ample Parking
Low-Maintenance Yard
Dual Living

Suburb and Property Insights of Newnham, TAS 7248

Newnham is a sought-after suburb in Launceston offering excellent access to educational institutions like The Maritime College and TAFE, with proximity to shopping centres and sporting facilities. The area benefits from consistent demand for share accommodation, making it ideal for investors. Its convenient location provides a 15-minute commute to Launceston CBD, combined with a family-friendly environment and well-established amenities.

Frequently Asked Questions

What are the current rental incomes for each tenant?

The property has six bedrooms, each tenanted individually, providing a steady income stream; specific rental figures can be obtained from the current tenancy agreements.

Is there potential for subdividing or strata titling the property?

Yes, the layout offers potential for future subdivision or strata titling, subject to council approval (S.T.C.A).

What recent renovations have been completed on the property?

The main residence has been recently renovated with new plumbing, electrical systems, roof, and a newly built deck.

Are there any ongoing maintenance or repair costs?

The property features modern, low-maintenance additions, and solar panels help offset running costs; detailed maintenance costs should be discussed with the current owner.

What amenities are nearby that support tenant demand?

The property is close to The Maritime College, TAFE, East Tamar Primary School, Mowbray Shopping Centre, and the New Sporting Hub, ensuring high tenant demand.

What to ask about this property to agent?

Are there any existing planning or zoning restrictions that could affect future subdivision or development? What are the terms of the current tenancy agreements, and are there any upcoming lease expirations? Are there any known issues with the property's structure, plumbing, or electrical systems? Has the property been assessed for flood or bushfire risks in the area? Are there any easements, covenants, or other restrictions on the title that could impact future use or development?

53 George Town Road, Newnham, Tas 7248 - More Details

Offers Over $949,000

Type: House
Bedrooms: 6
Bathrooms: 6
Parkings: 6
Area: 893 m²

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