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 › Wallace St
$671,000
Last sold
27 July 2026
3
Bedrooms
1
Bathrooms
5
Car spaces
589 m²
Land
157 m²
Building
Districts View
No upside evidence detected in the data Districts holds for this lot.
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
Last sold
$671,000
27 July 2026 · derived via latest_sale
Local land rate: recorded House sales in Newnham (last 5 years) with land size have a median of $820/m² of land (n=96). Districts calculation from recorded sales — not a valuation.
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
+7.4%
Median sale
Suburb $625,000
-0.26 pp
Gross yield
Suburb 3.73%
Suburb median $625,000 from 47 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
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.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. 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
UnknownNearby 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.
Area
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 Peter Lees Real EstateFreshly updated and beautifully presented, this inviting three-bedroom home offers the perfect balance of modern comfort and everyday practicality. Set on a generous 589m² block, this solid brick home has been thoughtfully refreshed, allowing you to simply unpack and enjoy everything it has to offer.
The light-filled interior features new flooring, creating a fresh and contemporary feel. A well-designed floor plan provides comfortable living spaces for families, couples or downsizers, while the modern kitchen is equipped with quality appliances. Three well-proportioned bedrooms and a well set out family bathroom complete a home designed for easy, low-maintenance living.
Step outside and discover an outstanding undercover entertaining area, perfect for year-round gatherings with family and friends. The fully fenced backyard also features a dedicated fire pit area, providing the perfect setting to relax. With plenty of space for children and pets to play, there's also room to securely park a caravan, trailer or boat. Adding even more versatility to the property is a separate studio, providing the perfect space to work from home, run a small business, pursue creative hobbies, or create a private retreat. Whether you need a home office, art studio, gym or games room, this flexible space offers endless possibilities to suit your lifestyle.
Additional Features:
Solid brick construction with a durable Colourbond roof
Double garage with excellent storage
Gas hot water
Updated interiors throughout
Low-maintenance gardens
Plenty of off-street parking
Located within the General Residential Zone
No bushfire, flood or heritage overlays detected
Located within the East Tamar Primary School catchment
Local park just at the end of the street
Rental Appraisal: $550 to $600 per week
Rates $1800 pa
Water Approx $300 pq
You'll also appreciate being only a short drive from Launceston CBD
Whether you're a first-home buyer, growing family, downsizer or savvy investor, this updated home delivers outstanding value in a convenient and family-friendly location.
*Peter Lees Real Estate has used a variety of sources to obtain information relating to this property. We believe all are reliable sources and have no reason to doubt the accuracy of the information, however we cannot guarantee it. Prospective purchasers are advised to make their own enquiries.
** Peter Lees Real Estate complies with all applicable requirements under the AML/CTF legislation.
***Boundary lines are indicative only.
Listing description written by Beck Routley, Peter Lees Real Estate — reproduced as published, not verified by Districts.