12/86 Elphin Road, Newstead TAS 7250

Located in one of Launceston's most desirable suburbs, this well-maintained unit presents a fantastic investment opportunity with a lease in place until February 2026. Set in a quiet, established neighbourhood and just minutes from top schools, shops, and the CBD, it offers consistent rental return and long-term growth potential in a tightly held location.

• Currently tenanted until February 2026
• Prime Newstead location – within walking distance to public transport
• Close to Scotch Oakburn and Grammar Junior Campuses
• Just 5 minutes to Newstead Shopping Centre and the CBD
• Two bedrooms, both with natural light
• Living area with north-facing windows
• Practical kitchen with good bench space
• Carport parking for one vehicle
• Quiet, established neighbourhood

This light-filled unit is an ideal set-and-forget investment in a high-demand suburb. With a reliable tenancy in place and close proximity to key amenities, schools, and transport, it offers excellent value for investors seeking location, low maintenance, and immediate return.

Council Rates $1350 p.a. (approx)