44 Cypress St, Newstead is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1948. The property has a land size of 599m2 and floor size of 91m2. While the property is not currently for sale or for rent, it was last sold in April 2014.
Affordable and well located for ongoing rental returns, this neat 3 bedroom home will earn you close to 6% gross returns from day one with a reliable tenant keen to stay on and eager to assist with any maintenance and updating.
The property has 2 street accesses, a single garage and separate off street parking, and fully fenced secure rear yard.
Inspections by appointment only.
The size of Newstead is approximately 3.9 square kilometres. It has 8 parks covering nearly 15.1% of total area. The population of Newstead in 2011 was 4,968 people. By 2016 the population was 5,366 showing a population growth of 8.0% in the area during that time. The predominant age group in Newstead is 10-19 years. Households in Newstead are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Newstead work in a professional occupation. In 2011, 66.2% of the homes in Newstead were owner-occupied compared with 64.4% in 2016.
Newstead has 2,733 properties. Over the last 5 years, Houses in Newstead have seen a 64.04% increase in median value, while Units have seen a 53.71% increase. As at 31 October 2024:
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