OFF MARKET

15 Western Avenue
Newborough VIC 3825

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 109m2
Land area: 838m2
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Last updated 14 Oct 2024
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Property Details for 15 Western Ave, Newborough

15 Western Ave, Newborough is a 3 bedroom, 1 bathroom House and was built in 1970. The property has a land size of 838m2 and floor size of 109m2. While the property is not currently for sale or for rent, it was last sold in September 2022.

Building Type
House
Year Built
1970
Floor Size
109m2
Land Size
838m2
Local Government
Latrobe
Lot/Plan
11/LP55351

Last Listing description (November 2022)

Located just 300 meters from the local FoodWorks, 750 meters from Newborough East Primary School and only 1km from the Latrobe Leisure Centre, this home is ideally positioned for any buyers looking to re-locate to the quiet township of Newborough.
Sitting on approximately 838m2, and the residence currently being occupied by a tenant, this property is an ideal home for any investors looking to purchase with the potential of sub-division (S.T.C.A.).
Features of the home include:

- 3 bedrooms, all with BIR's.
- 2 separate living areas, with one of which currently being utilised as a 4th bedroom option.
- Gas heating.
- Side access.
- Current long term tenant happy to stay on.

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Property History for 15 Western Ave, Newborough, VIC 3825

A timeline of how this property has performed in the market
Last Sold
$315,000
02 Sep 2022
  • 02 Sep 2022
    Sold for $315,000
  • 16 Aug 2022
    Listed for Sale $310,000 - $330,000
  • 30 Mar 2004
    Sold for $105,000
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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 3,940 properties. Over the last 5 years, Houses in Newborough have seen a 68.16% increase in median value, while Units have seen a 64.20% increase. As at 30 September 2024:

  • The median value for Houses in Newborough is $394,655 while the median value for Units is $279,123.
  • Houses have a median rent of $405 while Units have a median rent of $253.
There are currently 31 properties listed for sale, and 1 property listed for rent in Newborough on OnTheHouse. According to CoreLogic's data, 132 properties were sold in the past 12 months in Newborough.

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