FOR SALE
$690,000 - $750,000

470 Melbourne Road
Newport VIC 3015

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Land area: 387m2
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Auction Time
Sat 8 Feb 3:30 pm
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No upcoming inspections scheduled.
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Launching in January 2025! For more information, contact Richard Anile 0433 328 738

Are you looking to break into the Newport property market and put your own stamp on a home? Look no further than 470 Melbourne Road!
Set on a generous 387sqm block (approx.), this property offers endless possibilities for renovation, rebuilding, or investment. Whether you're a first-home buyer, a savvy investor, or a family looking to put down roots, this property has something for everyone.
Enjoy the ultimate in convenience, with Newport train station, Mason Street shops and cafes, and the brand-new Union Quarter village all just moments away. You'll love being part of this vibrant and community-focused neighborhood!
The property itself boasts a spacious living area, a kitchen with open-plan dining, two bedrooms with built-in robes, and a central bathroom. With a little TLC, this home could be transformed into a stunning retreat that's all your own.
Don't miss out on this incredible opportunity to secure a foothold in the Newport property market. Inspect today and start making your dreams a reality!
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Property Details for 470 Melbourne Rd, Newport

470 Melbourne Rd, Newport is a 2 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 387m2. The place is currently for sale with Ray White Altona.

Building Type
House
Land Size
387m2

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About Newport 3015

The size of Newport is approximately 5.2 square kilometres. It has 22 parks covering nearly 15.4% of total area. The population of Newport in 2011 was 11,987 people. By 2016 the population was 12,913 showing a population growth of 7.7% in the area during that time. The predominant age group in Newport is 40-49 years. Households in Newport are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newport work in a professional occupation. In 2011, 70.7% of the homes in Newport were owner-occupied compared with 69.2% in 2016.

Newport has 6,507 properties. Over the last 5 years, Houses in Newport have seen a 11.32% increase in median value, while Units have seen a 8.78% increase. As at 30 November 2024:

  • The median value for Houses in Newport is $1,173,436 while the median value for Units is $762,423.
  • Houses have a median rent of $690 while Units have a median rent of $600.
There are currently 34 properties listed for sale, and 15 properties listed for rent in Newport on OnTheHouse. According to CoreLogic's data, 299 properties were sold in the past 12 months in Newport.

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Richard Anile
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