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A time capsule in one of Newstead's most sought-after locations

Offered to the market for the very first time, 34 Penquite Road presents a rare opportunity to secure a solid brick home brimming with authenticity, character and untapped potential.

Set on a generous 779 sqm allotment in a highly convenient Newstead location, this original 1960s residence remains largely untouched, offering a genuine glimpse into a bygone era. From its retro finishes and vintage charm to its solid construction and practical floorplan, the home provides the perfect canvas for buyers looking to renovate, restore or reimagine.

Comprising three well-proportioned bedrooms, two bathrooms and multiple living spaces, the home offers comfortable accommodation today while presenting exciting scope for future enhancement. Whether you're a first-home buyer, investor, renovator or someone seeking a project in a blue-chip suburb, the possibilities here are endless.

Positioned close to schools, shopping, medical facilities and just minutes from Launceston's CBD, this is an opportunity to secure a substantial parcel of land and a home with incredible potential in a tightly held neighbourhood.

Features include:
• First time ever offered to the market
• Solid brick construction
• Three bedrooms, two bathrooms
• Generous 779 sqm allotment
• Original 1960s décor throughout
• Endless renovation and value-add potential
• Highly desirable Newstead location
• Convenient access to schools, shops and the CBD

A true original in every sense, this is the kind of opportunity that rarely comes along. Bring your vision and unlock the potential of this tightly held Newstead address.

Expressions of interest close 4pm Friday October 2nd 2026

Features

General Features

  • Property Type: House
  • Bedrooms: 3
  • Bathrooms: 2
  • Building Size: 247sqm
  • Land Size: 779 sqm
  • Living Areas: 1

Indoor Features

  • Toilets: 2
  • Alarm System
  • Built In Wardrobe
  • Ensuite Bathroom

Outdoor Features

  • Garage Spaces: 2
  • Courtyard

Can I afford 34 Penquite Road?

Whether you’re a first-time buyer, looking for your next home, or considering upgrading or downgrading, Elders Finance can unlock the doors to the right finance option for you and get you into the home of your dreams.

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34 Penquite Road, Newstead, TAS, 7250