1/17 Balfour StreetNewborough VIC 3825
Property Details for 1/17 Balfour St, Newborough
1/17 Balfour St, Newborough is a 1 bedroom, 1 bathroom Unit with 4 parking spaces. The property has a land size of 758m2 and floor size of 77m2.
Last Listing description (November 2014)
How Much Return.......
???Four one bedroom brick veneer units all with a carport space
???Incredible 8.15% (approx) return with huge potential for future rental growth
???Current gross weekly rental income of $375 (approx $19,500 per annum)
???All units currently tenanted with good reliable tenants
???Just a one minute walk to Newborough???s CBD
???Superb value, ready made investment with motivated vendor
Property History for 1/17 Balfour St, Newborough, VIC 3825
- 27 Jun 2014Listed for Sale 239000
- 29 Dec 2013Listed for Rent - Price not available
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0About 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 3,947 properties. Over the last 5 years, Houses in Newborough have seen a 68.07% increase in median value, while Units have seen a 60.64% increase. As at 31 October 2024:
- The median value for Houses in Newborough is $390,306 while the median value for Units is $277,884.
- Houses have a median rent of $400 while Units have a median rent of $250.
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