Newnham at a glance
7,263
People
$625,000
Median sale
$448/wk
Median rent
3.73%
Suburb gross yield
Median sale from 47 recorded sales (last 12 months) — a Districts calculation.
TAS › Newnham › Bishops Dr
$465,000–$515,000
For sale
Asking range
2
Bedrooms
1
Bathrooms
2
Car spaces
311 m²
Land
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Asking
$465,000–$515,000
Asking range · $1,495/m² of land
No recorded sale for this property.
Newnham at a glance
7,263
People
$625,000
Median sale
$448/wk
Median rent
3.73%
Suburb gross yield
Median sale from 47 recorded sales (last 12 months) — a Districts calculation.
Vs Newnham
-25.6%
Median sale
Suburb $625,000
+1.28 pp
Gross yield
Suburb 3.73%
Suburb median $625,000 from 47 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Based on the low end of the asking range, not a contract price.
$20,717 on top of the price (4.5% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Tasmania schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Based on the low end of the asking range, not a contract price.
Pre-filled with Newnham's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
TASPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $448/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Gross yield if leased at the suburb aggregate is 5.0%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownArea
Newnham at a glance
7,263
People
$625,000
Median sale
$448/wk
Median rent
3.73%
Suburb gross yield
Median sale from 47 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harrison Agents LauncestonWhether you're searching for your first home, looking to add a quality investment to your portfolio or wanting to downsize without compromising on comfort, this beautifully presented residence offers an outstanding opportunity in one of Launceston's most sought-after growth suburbs.
Designed with easy living in mind, the practical floorplan offers a comfortable balance of indoor and outdoor living, making it equally suited to owner-occupiers and investors seeking a property that's ready to enjoy from day one.
At the heart of the home is the updated kitchen, a fresh and inviting space that combines modern finishes with everyday functionality. With ample storage, generous bench space and a layout that connects effortlessly to the living and dining areas, it's a space designed for both busy weekdays and relaxed weekends at home.
The living areas are filled with natural light, creating a warm and welcoming atmosphere throughout the seasons. Whether you're enjoying a quiet evening indoors or hosting family and friends, the home's layout provides a comfortable setting for every occasion.
Accommodation comprises two well-proportioned bedrooms, both complete with built-in wardrobes, offering practical storage while maintaining a light and comfortable feel. Servicing the home is a centrally located bathroom with the convenience of a combined laundry, thoughtfully designed to maximise space and functionality for everyday living.
One of the standout features is the brand-new deck, extending the home's living space outdoors. It's the perfect place to enjoy your morning coffee in the sunshine, fire up the barbecue with friends or simply relax at the end of the day while overlooking the low-maintenance surrounds. The backyard has been designed to require minimal upkeep, giving you more time to enjoy your weekends rather than maintaining the property.
Low-maintenance homes continue to be highly sought after, and this property delivers exactly that. Offering the ideal lock-up-and-leave lifestyle, it's perfectly suited to busy professionals, retirees, first home buyers wanting an easy introduction to the market or investors looking for a home with broad tenant appeal.
Positioned in the ever-growing suburb of Newnham, you'll enjoy exceptional convenience with everyday amenities only moments away. Shopping centres, local schools, public transport, the University of Tasmania's Newnham campus and the Australian Maritime College are all within easy reach, while Launceston's CBD is only a short drive away. The combination of convenience, lifestyle and continued growth has made Newnham an increasingly popular destination for both homeowners and investors alike.
Properties that combine modern updates, low-maintenance living and a location with strong long-term appeal are becoming increasingly difficult to find. Whether you're taking your first step into the market, downsizing to simplify your lifestyle or searching for a smart investment, this is an opportunity that deserves your attention.
Rental Appraisal: $480-$490 per week.
The information on this website has in part been supplied to Harrison Agents Launceston by third parties and all information is published solely for potential purchasers to assist them in deciding whether or not they wish to make further enquiries about the properties. Harrison Agents Launceston has not checked the accuracy of the information and does no more than pass it on.
Listing description written by Josh Schaeche, Harrison Agents Launceston — reproduced as published, not verified by Districts.
Nearby development applications are not loaded for this property.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.