OFF MARKET

16 Central Avenue
Newborough VIC 3825

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 114m2
Land area: 739m2
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Property Details for 16 Central Ave, Newborough

16 Central Ave, Newborough is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 739m2 and floor size of 114m2. While the property is not currently for sale or for rent, it was last sold in June 2021.

Building Type
House
Year Built
1950
Floor Size
114m2
Land Size
739m2
Local Government
Latrobe
Lot/Plan
9/LP20503

Last Listing description (April 2020)

Central avenue Newbourgh walking distance to the cbd this very neat and tidy property is perfect for the first home buyer or investor with a rental income of around $240pw.

With 3 good size bedrooms with BIRs, lounge has gas fire place, kitchen dining has lots of cupboard space with old world charm.

The 739m2 block offers room for the kids to run around or to develop the block for units (STCA).

Property History for 16 Central Ave, Newborough, VIC 3825

A timeline of how this property has performed in the market
Last Sold
$350,000
08 Jun 2021
Listed for Rent
$240/w
07 Sep 2016
  • 08 Jun 2021
    Sold for $350,000
  • 03 Apr 2020
    Listed for Sale Sold
  • 17 Mar 2020
    Listed for Sale Sold
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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 3,947 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.
There are currently 30 properties listed for sale, and 2 properties listed for rent in Newborough on OnTheHouse. According to CoreLogic's data, 142 properties were sold in the past 12 months in Newborough.

Suburb Insights for Newborough 3825

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.