Multi-unit Property

162 Abbott Street

Newstead TAS 7250, Australia

- Parking

683 m² Land size

$585,000 Last sale (2020)

Multi-unit Complex profile

About this property

162 Abbott Street is a 1960‑era unit situated on a 683 m² block in the inner suburb of Newstead, approximately 3 km east of Launceston’s central business district. The residence offers four bedrooms, two bathrooms and two garage spaces within roughly 167 m² of internal living area.

Features include a brick‑veneer exterior, built‑in robes, a balcony, courtyard, fully fenced outdoor entertaining area, heat pump and dishwasher. The property sold for $585,000 on 20 March 2020. Recent estimated market value places its market value in the $795 000 range, indicating a strong position within the local market for similar four‑bedroom homes

Key details

Locality: Newstead
State: TAS
Coordinates: 41.44937288 / 147.15862956
GNAF PID: GATAS702180978
Legal parcel ID: 59381/9
Remoteness area: Regional
Property type: Apartment
Land size: 683 m²
Built: 1960
Internal area: 167 m² (estimate per unit)
Unit land size: 683 m² (estimate per unit)
Internet: No NBN connection detected
Mobile coverage: 5G
Bushfire risk: None detected
Flood risk: None detected
Heritage overlay: None detected
Land Use Category: Residential

Market estimates

Based on curated rent estimate, web value evidence.

Expected weekly rent per unit

$785

Expected property value per unit

$821,250

Estimated yield

4.97%

Confidence

Medium

Based on the comparable property evidence currently available.

Sales history

Sales figures shown here are for individual units within the property, not the whole site.

Event	Date	Price	Price per m²
Sale	20 Mar 2020 Individual unit transaction; unit not specified in source.	$585,000	$856
Sale	31 Jan 2019 Individual unit transaction; unit not specified in source.	$540,000	$790
Sale	28 Apr 2017 Individual unit transaction; unit not specified in source.	$427,000	$625
Sale	15 Mar 2007 Individual unit transaction; unit not specified in source.	$322,500	$472
Sale	26 Feb 2001 Individual unit transaction; unit not specified in source.	$108,000	$158
Sale	2 Dec 1992 Individual unit transaction; unit not specified in source.	$95,000	$139
Sale	8 Sep 1988 Individual unit transaction; unit not specified in source.	$85,000	$124

Price per m² based on unit land size of 683 m².

Property insights

Building profile

4‑Bedroom, 2‑bathroom unit built in 1960, approx
Median 4‑bedroom house price in Newstead: $802,000 (12‑month growth –16.5%)
Lot size: 683 m²
Built: 1960

Property Features

Brick veneer exterior
Courtyard
Dishwasher
Heat pump
Fully fenced
Outdoor entertaining area
Balcony
Median weekly rent for 4‑bedroom houses: $675/week (12‑month rent growth +7.1%)

Recorded sales and leasing agents

Recorded listing contacts: The Agency – Launceston Agent for the 20 Mar 2020 sale Roberts Real Estate – Launceston Agent for the 2019 and 2017 sales

Area insights

The surrounding precinct places hospitality venues and civic services within easy reach. The nearby mix of destinations supports everyday convenience and local foot traffic

Launceston General Hospital hospital; 1.4 km away
ABC Northern Tasmania Australian radio station; 1.4 km away
Coronation Park public park; 1.6 km away
Queechy Park park in Tasmania, Australia; 0.9 km away
Best Western Plus Launceston hotel; 2.0 km away

Read suburb profile

Real Estate Agencies

Ordered by:

Harrison Agents - Launceston

2.1 km

48 Brisbane Street, Launceston, TAS 7250

Key2 Property

1.3 km

101 Galvin Street, South Launceston, TAS 7249

Harcourts - Launceston

2.0 km

112-114 George Street, Launceston, TAS 7250

The Agency

2.4 km

117 Cimitiere Street, Launceston, TAS 7250

Roberts Real Estate - Launceston

2.5 km

16 Charles Street, Launceston, TAS 7250

Sims for Property - Launceston

1.3 km

41 Arthur Street, East Launceston, TAS 7250

Harcourts - Northern Midlands

16.6 km

10 Marlborough Street, Longford, TAS 7301

Peter Lees Real Estate - Launceston

2.2 km

152 Brisbane Street, Launceston, TAS 7250

Parry Property - INVERMAY

4.6 km

287 Invermay Road, Invermay, TAS 7248

Living Here - Launceston

2.1 km

25 Invermay Road, Launceston, TAS 7250

Howell Property Group - Residential

2.0 km

Level 2, 97a York Street, Launceston, TAS 7250

Bushby Creese - Launceston

1.5 km

4/17-19 Abbott Street, East Launceston, TAS 7250

Signature Property Launceston

6.2 km

64 Penrith Street, Riverside, TAS 7250

McGrath - Launceston

1.6 km

83 Frankland Street, Launceston, TAS 7250

Elders Real Estate Launceston

2.3 km

54 Cameron Street, Launceston, TAS 7250

Belle Property - Launceston

1.4 km

111 Elphin Road, Newstead, TAS 7250

Thomas & Associates Tasmania

1.5 km

99 Elphin Road, Newstead, TAS 7250

Ray White - Launceston

2.0 km

189 Charles Street, Launceston, TAS 7250

This Space Real Estate

1.5 km

2/17-19 Abbott Street, East Launceston, TAS 7250

Flanagan Residential Pty Ltd - LAUNCESTON

2.0 km

108a Tamar Street, Launceston, TAS 7250

Saunders Property Group - EAST LAUNCESTON

1.2 km

54 High Street, East Launceston, TAS 7250

* Approximate straight-line distances

Nearby schools

Type:

Ordered by:

St Thomas More's Catholic School

0.5 km

Primary school | Catholic

Punchbowl Primary School

0.7 km

Primary school | Government

Scotch Oakburn College Penquite Campus

0.9 km

Secondary school | Independent

East Launceston Primary School

1.0 km

Primary school | Government

John Calvin School

1.2 km

Combined school | Independent

The Launceston Preparatory School

1.3 km

Primary school | Independent

Community Christian Academy

1.4 km

Combined school | Independent

Glen Dhu Primary School

1.4 km

Primary school | Government

Queechy High School

1.5 km

Secondary school | Government

Scotch Oakburn College Elphin Campus

1.7 km

Primary school | Independent

Launceston Church Grammar School - Junior Campus

2.0 km

Primary school | Independent

Norwood Primary School

1.9 km

Primary school | Government

Newstead College

1.8 km

Secondary school | Government

Launceston College

2.4 km

Secondary school | Government

Kings Meadows High School

2.6 km

Secondary school | Government

St Patrick's College

3.6 km

Secondary school | Catholic

Prospect High School

3.7 km

Secondary school | Government

Launceston Church Grammar School - Senior Campus

5.2 km

Secondary school | Independent

Newstead Child Care Centre

0.3 km

Green Leaves Early Learning Launceston

1.4 km

* Approximate straight-line distances

Frequently asked questions

What building-wide details are listed?

162 Abbott Street is described with land size of 683 m², built around 1960

What suburb is 162 Abbott Street located in?

The address is in Newstead, an inner suburb of Launceston, about 3 km east of the city centre

Which primary school is closest to the property?

East Launceston Primary School is the nearest government primary school, located roughly 1 km away

What park is nearest to 162 Abbott Street?

Coronation Park is the closest public park, about 1.6 km from the property

How far is Launceston General Hospital from the property?

Launceston General Hospital is approximately 1.4 km away

Which nearby hotel is within 2 km of the address?

Best Western Plus Launceston is a hotel located about 2.0 km from the property

What kind of property is this?

162 Abbott Street is listed as Apartment in Newstead, TAS

What asking price or listing price is shown?

162 Abbott Street includes price $710,000, Sold for $585,000 on 20 Mar 2020

Related profiles

Jump to the related profiles for 162 Abbott Street, including the surrounding street and suburb pages.

Suburb profile

Newstead

Browse the suburb profile, property mix, and related area data.

View suburb profile

Street profile

Abbott Street

See the street-level property page and compare nearby listings.

View street profile