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Sold on 29 Oct 2024 for $270,000

24 Central Avenue
Newborough VIC 3825

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Land area: 759m2
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Property Details for 24 Central Ave, Newborough

24 Central Ave, Newborough is a 2 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 759m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 2 bedroom House sold in Newborough in the last 12 months.

Building Type
House
Land Size
759m2
Local Government
Latrobe
Lot/Plan
13/LP20503

Last Listing description (October 2024)

Its Addressed:

Quietly tucked away in an ideal location of Newborough, this home has immense potential. The bones here are fantastic, and with a little polish, comes a great opportunity for any first home buyer looking to enter the market, or alternatively, anyone who is looking for their next project.

For any developer looking to develop multiple units, the precedence has been set in the area for subdivision (S.T.C.A).

Features of this weatherboard home include:
- 2 bedrooms in the main residence
- Cosy unit/second living option with toilet and split system
- Lock up garage
- 759m2 block
- Access to the CBD of Newborough via walkway situated 10 meters away from the property, meaning quick access to the local Newborough pub, Newsagency, Pizza shop and more.

For more Real Estate in Newborough contact your Area Specialist.

Note: Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves with any pertinent matters.

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Property History for 24 Central Ave, Newborough, VIC 3825

A timeline of how this property has performed in the market
Last Sold
$270,000
29 Oct 2024
  • 29 Oct 2024
    Sold for $270,000
  • 09 Feb 2022
    Listed for Sale $330,000 - $335,000
  • 19 May 2021
    Sold for $228,000
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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 3,950 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 31 properties listed for sale, and 3 properties listed for rent in Newborough on OnTheHouse. According to CoreLogic's data, 141 properties were sold in the past 12 months in Newborough.

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