28 Bay Rd, New Town is a 6 bedroom, 2 bathroom House with 2 parking spaces and was built in 1972. The property has a land size of 784m2 and floor size of 233m2. While the property is not currently for sale or for rent, it was last sold in March 2013.
Top Location, Great Investment
Ideally suited to investors, dual occupancy or a large family this 2 storey 1970's home currently comprises of two 3 bedroom flats. On a quiet internal block with plenty of off street parking, the home enjoys sweeping views to Mount Direction and Cornelian Bay.
The downstairs flat has been tastefully modernized, with a great kitchen and bathroom and 3 bedrooms. It is fitted with a reverse cycle air-conditioner in the living area, and sliding glass doors open on to a good-sized deck - great for undercover BBQ's - which overlooks and provides access to the back garden.
The size of New Town is approximately 4 square kilometres. It has 8 parks covering nearly 9.3% of total area. The population of New Town in 2011 was 5,968 people. By 2016 the population was 6,109 showing a population growth of 2.4% in the area during that time. The predominant age group in New Town is 30-39 years. Households in New Town are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in New Town work in a professional occupation. In 2011, 58.2% of the homes in New Town were owner-occupied compared with 57.4% in 2016.
New Town has 3,093 properties. Over the last 5 years, Houses in New Town have seen a 27.39% increase in median value, while Units have seen a 25.10% increase. As at 31 October 2024:
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