4/59 Monash RoadNewborough VIC 3825
Property Details for 4/59 Monash Rd, Newborough
4/59 Monash Rd, Newborough is a 5 bedroom, 5 bathroom House with 4 parking spaces and was built in 1980. The property has a land size of 1360m2 and floor size of 54m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 5 bedroom House sold in Newborough in the last 12 months.
Last Listing description (August 2024)
Centrally located in the Heart of Newborough, sits this unbeatable investment opportunity that will sit perfectly in your investment portfolio.
Offering a flexible and diverse layout, the property features a 2 Bed and 2 bath home at the front, and a separate 3 x 1-bedroom apartments at the rear, adjoined by a communal carport providing for easy access and vehicle storage.
The large near flat allotment is Central to the township, close to local amenities with well-maintained surrounds, all on a 1359m2 block the property is set for a long future of capital growth, whilst offering a modest return from the day you settle, with plenty of room to improve over time!
Current rent amounts,
House - $300pw - Increase issued to $350pw from 15/07/24
Unit 2 - $145pw - Increase issued for $210pw from 17/07/24
Unit 3 - $200pw
Unit 4 - $175pw Due for review October 2024
Units 2,3,4 current market value is approx $200-$220pw
Total - $42640 per year.
All units are currently leased with great tenancies, with the option to extend them if you wish.
Close to Newborough Village, Schools, Medical facilities and all the amenities you require, investment opportunities don't get any better than this, for further information enquire within!
Property History for 4/59 Monash Rd, Newborough, VIC 3825
- 01 Jul 2024Sold for $590,000
- 17 Nov 2023Listed for Sale $649,000
- 01 May 2017Listed for Rent - Price not available
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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 3,947 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.
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