OFF MARKET

3/1 Newcombe Street
Marengo VIC 3233

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 42m2
Land area: 579m2
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Last updated 16 Sep 2024
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Property Details for 3/1 Newcombe St, Marengo

3/1 Newcombe St, Marengo is a 1 bedroom, 1 bathroom Unit and was built in 1970. The property has a land size of 579m2 and floor size of 42m2. While the property is not currently for sale or for rent, it was last sold in June 2023.

Building Type
Unit
Year Built
1970
Floor Size
42m2
Land Size
579m2
Local Government
Colac Otway
Lot/Plan
13/PS614653

Last Listing description (June 2023)

If you are looking to get into the real estate market this is the most affordable unit around. One bedroom studio apartment , kitchen, bathroom/laundry plus a ocean view from the balcony. Can be purchased tenanted giving a return or vacant possession
Inspection by appointment

Property History for 3/1 Newcombe St, Marengo, VIC 3233

A timeline of how this property has performed in the market
Last Sold
$325,000
22 Jun 2023
  • 22 Jun 2023
    Sold for $325,000
  • 25 Jan 2023
    Listed for Sale Not Disclosed
  • 10 Nov 2020
    Sold for $230,000
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About Marengo 3233

The size of Marengo is approximately 2.7 square kilometres. It has 3 parks covering nearly 8.1% of total area. The population of Marengo in 2011 was 222 people. By 2016 the population was 229 showing a population growth of 3.2% in the area during that time. The predominant age group in Marengo is 60-69 years. Households in Marengo are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Marengo work in a trades occupation. In 2011, 84.4% of the homes in Marengo were owner-occupied compared with 65% in 2016.

Marengo has 364 properties. Over the last 5 years, Houses in Marengo have seen a 62.21% increase in median value, while Units have seen a -9.52% decrease. As at 31 August 2024:

  • The median value for Houses in Marengo is $1,125,444 while the median value for Units is $421,882.
  • Houses have a median rent of $280.
There are currently 3 properties listed for sale, and no properties listed for rent in Marengo on OnTheHouse. According to CoreLogic's data, 7 properties were sold in the past 12 months in Marengo.

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