1 Chamberlain RoadNewborough VIC 3825
Property Details for 1 Chamberlain Rd, Newborough
1 Chamberlain Rd, Newborough is a 4 bedroom, 4 bathroom House and was built in 1970. The property has a land size of 911m2 and floor size of 49m2.
Last Listing description (April 2024)
A nice four-unit block located in the lovely ever-growing town of Newborough.
Only a stroll away from a sporting complex and local parks, a stones throw away from the local shop.
The prime location of this property is a recipe for the perfect investment and a continuously growing return.
Some features of the property include:
Brick construction
Split system air conditioning
Open plan living area
Updated oven and stove tops
Separate shower and toilet
Concrete driveway with plenty of parking space
Carpet and tile flooring
This is a fantastic opportunity for an investor. You can leave all four units as is with very low maintenance.
The current income for all for units is $850 per week which gives a total of $44,200 per annum.
There is also room at the rear of the site to add another dwelling or two (STCA).
For more information, please call Russell Chester on 0499 150 313.
Property History for 1 Chamberlain Rd, Newborough, VIC 3825
- 11 Jan 2024Listed for Sale $625,000
- 12 Jul 2021Listed for Sale $520,000
- 30 Jun 2020Listed for Sale $520,000
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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 3,944 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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