Newstead at a glance
5,638
People
$743,750
Median sale
$548/wk
Median rent
3.83%
Suburb gross yield
Median sale from 58 recorded sales (last 12 months) — a Districts calculation.
$3,200,000
Last sold
6 Nov 2025
5
Bedrooms
3
Bathrooms
4
Car spaces
1,722 m²
Land
360 m²
Building
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
Last sold
$3,200,000
6 Nov 2025 · derived via latest_sale
Local land rate: recorded House sales in Newstead (last 5 years) with land size have a median of $1,007/m² of land (n=93). Districts calculation from recorded sales — not a valuation.
Newstead at a glance
5,638
People
$743,750
Median sale
$548/wk
Median rent
3.83%
Suburb gross yield
Median sale from 58 recorded sales (last 12 months) — a Districts calculation.
Vs Newstead
+330.3%
Median sale
Suburb $743,750
-2.94 pp
Gross yield
Suburb 3.83%
Suburb median $743,750 from 58 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 $548/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
UnknownArea
Newstead at a glance
5,638
People
$743,750
Median sale
$548/wk
Median rent
3.83%
Suburb gross yield
Median sale from 58 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Thomas & Associates TasmaniaSet in Launceston - Australia's third-oldest city and custodian of some of its earliest domestic architecture - Elphin House stands as one of Australia's most intact 19th-century Gothic Revival residences. Built by the Reverend William Dry, son of Richard Dry Snr, and kin to Sir Richard Dry, Tasmania's first-born Premier, the home formed the grand residence on the original Elphin Farm, which once occupied the entire eastern side of Elphin Road.
Origins and Heritage
Constructed in the latter half of the 1800s, the house exemplifies the Victorian Gothic Revival, with its steep gables, dormered rooflines, pointed-arch windows, and delicate bargeboards rendered in timber - a colonial interpretation of the romantic Gothic ideal. The Dry family's influence, and their earlier estate at Quamby, are evident in both proportion and planting: the formal gardens, statuary, and even specific tree species trace lineage to Quamby's own collections, later refined under Lady Sallie Ferrall, who tended these grounds with the same artistic precision that made her garden at Elphin House famous.
Architectural Renewal
Today, the 300 m²+ residence on 1,722 m² of land pairs heritage permanence with architectural clarity. Structurally and aesthetically rebuilt under the stewardship of the current owners, two additions of contemporary glass pavilions - a dining wing and a study - extend from the original masonry in quiet contrast to the historic and original building fabric. The transparency of their forms brings the gardens and sky into the Gothic frame, transforming the experience of light without compromising the silhouette that has defined this property for more than 150 years.
Interiors and Fabric
Original pressed-tin ceilings, marble mantelpieces and the servant stair remain; they're balanced by black timber joinery, large-format floor tiles in the contemporary domains, and the original pine floorboards to the upper level. The palette moves from soft pinks and deep blues in heritage rooms to crisp contemporary whites within the glass pavilions. Bathrooms reinterpret ecclesiastical glazing in a minimalist language, while living areas now flow effortlessly between formal rooms and open garden pavilions.
Grounds and Setting
Paved courtyards, screening hedges and mature canopy trees frame the architecture in symmetry and shade. The rear garden reveals a modern leisure precinct - swimming pool, outdoor oven and entertaining terrace - harmonised by the same attention to geometry that defines the house itself.
Essence
From the Dry family's nineteenth-century Elphin Farm to its present renewal, Elphin House charts Launceston's own arc: Gothic fabric preserved; the plan extended in glass; history lived, not displayed. Never previously offered to the public, this is a once-in-170-year chance to secure a home with direct ties to Launceston's founding.
Listing description written by Thomas Baird, Thomas & Associates Tasmania — 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.