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Sold on 05 Jan 2024 for $250,000

3/49 Gordon Avenue
Newtown QLD 4350

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 3/49 Gordon Ave, Newtown

3/49 Gordon Ave, Newtown is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 2 bedroom Unit sold in Newtown in the last 12 months.

Building Type
Unit

Last Listing description (January 2024)

Positioned in the heart of Newtown, this 2-bedroom unit offers a low-maintenance investment opportunity or quiet living for the owner occupier. The open-plan design creates a spacious setting, featuring two generously sized bedrooms complete with built-in cupboards.

The updated kitchen is equipped with electric appliances (Dishwasher is not included). Adjoining the lounge area, this space is designed for optimal comfort. The bathroom features a convenient layout with a shower-over-bath combo.

This unit features a lockup garage with internal access. Don't miss out on this investment opportunity, with an impressive annual yield appraised at 6.3%!

Features include:
- Two Bedrooms with built-in cupboards
- One bathroom
- Open-plan living
- Kitchen equipped with Dishwasher and electric appliances.
- Garage with internal access
- Amazing annual yield

RENT: Appraised for $320 -$330 Per Week.

GENERAL RATES: $$1,190.22 NET Half Yearly Approx.

WATER ACCESS: $350.32 NET Half Yearly Approx.

GENERAL TENANCY AGREEMENT: This property is currently tenanted with an agreement until February 2024.

SCHOOLS: This Property falls within the school catchment area for Newtown State School and Wilsonton State High School.

To arrange an inspection or learn more, contact Aaron Savage on 0417 037 460.

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Property History for 3/49 Gordon Ave, Newtown, QLD 4350

A timeline of how this property has performed in the market
Last Sold
$250,000
05 Jan 2024
Listed for Rent
$310/w
30 Jan 2023
  • 21 Dec 2023
    Sold for $250,000
  • 28 Nov 2023
    Listed for Sale Interest Over $269,000
  • 19 Jan 2023
    Listed for Rent $310 / week
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About Newtown 4350

The size of Newtown is approximately 5.5 square kilometres. It has 15 parks covering nearly 15.4% of total area. The population of Newtown in 2011 was 9,564 people. By 2016 the population was 9,587 showing a population growth of 0.2% in the area during that time. The predominant age group in Newtown is 20-29 years. Households in Newtown are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Newtown work in a trades occupation. In 2011, 55.1% of the homes in Newtown were owner-occupied compared with 52.3% in 2016.

Newtown has 5,385 properties. Over the last 5 years, Houses in Newtown have seen a 94.34% increase in median value, while Units have seen a 94.66% increase. As at 30 November 2024:

  • The median value for Houses in Newtown is $580,068 while the median value for Units is $433,005.
  • Houses have a median rent of $480 while Units have a median rent of $390.
There are currently 25 properties listed for sale, and 16 properties listed for rent in Newtown on OnTheHouse. According to CoreLogic's data, 302 properties were sold in the past 12 months in Newtown.

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