SOLD
RECENT ADVICE
Sold on 01 Jul 2024 for $590,000

1-11 Monash Road
Newborough VIC 3825

Bedrooms: 5
Bathrooms: 5
Car spaces: 4
Floor area: 5980m2
Land area: 1360m2
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Property Details for 1-11 Monash Rd, Newborough

1-11 Monash Rd, Newborough is a 5 bedroom, 5 bathroom House with 4 parking spaces. The property has a land size of 1360m2 and floor size of 5980m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 5 bedroom House sold in Newborough in the last 12 months.

Building Type
House
Floor Size
5980m2
Land Size
1360m2
Local Government
Latrobe
Lot/Plan
4/LP26540

Last Listing description (July 2017)

Significant 5,980 site on prominent corner
3 street frontages with 212 metres of exposure
General Residential Zone in prime gateway location

Direct access to Princes Freeway and Narracan Drive
6 separate titles offering endless development opportunity
Suitable for a variety of uses including petrol station with fast food, childcare, medical, residential STCA.
Moe/Newborough: Fast growing population with expanding residential catchment

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Property History for 1-11 Monash Rd, Newborough, VIC 3825

A timeline of how this property has performed in the market
Last Sold
$590,000
01 Jul 2024
  • 01 Jul 2024
    Sold for $590,000
  • 27 Jan 2023
    Sold for $1,127,500
  • 09 Feb 2017
    Sold for $430,000
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About Newborough 3825

The size of Newborough is approximately 19.5 square kilometres. It has 27 parks covering nearly 7.8% of total area. The population of Newborough in 2011 was 6,932 people. By 2016 the population was 6,757 showing a population decline of 2.5% in the area during that time. The predominant age group in Newborough is 50-59 years. Households in Newborough are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Newborough work in a trades occupation. In 2011, 72.5% of the homes in Newborough were owner-occupied compared with 69.6% in 2016.

Newborough has 3,957 properties. Over the last 5 years, Houses in Newborough have seen a 77.92% increase in median value, while Units have seen a 62.04% increase. As at 31 July 2024:

  • The median value for Houses in Newborough is $414,262 while the median value for Units is $288,503.
  • Houses have a median rent of $410 while Units have a median rent of $250.
There are currently 28 properties listed for sale, and 2 properties listed for rent in Newborough on OnTheHouse. According to CoreLogic's data, 141 properties were sold in the past 12 months in Newborough.

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