SOLD
Sold on 24 Jun 2024 for $530,000

23 Thompsons Road
Newborough VIC 3825

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 116m2
Land area: 16100m2
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Property Details for 23 Thompsons Rd, Newborough

Building Type
Land
Floor Size
116m2
Land Size
16100m2
Local Government
Latrobe
Lot/Plan
1/TP633648

Last Listing description (June 2024)

- Rare opportunity to secure a block of 16180m2 (approx. 4 acres) in a great close in location
- Suitable for subdivision or re development with power, water and sewerage connected
- Fully enclosed shed 20mX12m suitable for trades person, dilapidated home

- Reserve price under $500,000, prior offers invited

Property History for 23 Thompsons Rd, Newborough, VIC 3825

A timeline of how this property has performed in the market
Last Sold
$530,000
24 Jun 2024
  • 24 Jun 2024
    Sold for $530,000
  • 27 May 2024
    Sold
  • 17 May 2024
    Listed for Sale Contact Agent

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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.

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.