7/355 Barrenjoey RoadNewport NSW 2106
Property Details for 7/355 Barrenjoey Rd, Newport
7/355 Barrenjoey Rd, Newport is a bedroom, bathroom Unit with 1 parking spaces and was built in 1976. The property has a land size of 1116m2 and floor size of 71m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other bedroom Unit sold in Newport in the last 12 months.
Last Listing description (August 2024)
This property offers a unique opportunity for investors looking for health related assets. The property has been utilised by the current physiotherapist business for over 20 years and is a well-known local established practice.
For the first time in over 20 years both properties are being offered for sale. Conveniently located on Barrenjoey Road, this property enjoys excellent exposure and accessibility. The vibrant neighbourhood offers a range of amenities, including cafes, restaurants, and shops, providing convenience for both you and your clients.
UNIT 5 SOLD
UNIT 7
Rent $2,033.40 per month gst inclusive from 29/10/2023
Outgoings $4727.87 per annum
Net Rent per annum $22,182.54
Yield 5.28 %
Lease term remaining 6 months
Option 3 years
For further information please call Andrew Dunn on 0458 864 236.
Property History for 7/355 Barrenjoey Rd, Newport, NSW 2106
- 26 Jul 2024Sold for $395,000
- 12 Apr 2024Listed for Sale $420,000
- 21 Dec 2023Listed for Sale $840,000
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0About Newport 2106
The size of Newport is approximately 3.8 square kilometres. It has 21 parks covering nearly 9.6% of total area. The population of Newport in 2011 was 9,036 people. By 2016 the population was 9,302 showing a population growth of 2.9% in the area during that time. The predominant age group in Newport is 50-59 years. Households in Newport are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Newport work in a professional occupation. In 2011, 72.5% of the homes in Newport were owner-occupied compared with 74.2% in 2016.
Newport has 4,502 properties. Over the last 5 years, Houses in Newport have seen a 60.96% increase in median value, while Units have seen a 41.29% increase. As at 30 September 2024:
- The median value for Houses in Newport is $2,684,627 while the median value for Units is $1,298,471.
- Houses have a median rent of $1,200 while Units have a median rent of $750.
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