54 Chamberlain RoadNewborough VIC 3825
Property Details for 54 Chamberlain Rd, Newborough
54 Chamberlain Rd, Newborough is a 4 bedroom, 4 bathroom Unit with 8 parking spaces. The property has a land size of 1032m2. While the property is not currently for sale or for rent, it was last sold in July 2021.
Last Listing description (March 2017)
Located on a massive 1000m2 allotment in popular Old Newborough, close to shops, schools, public transport and recreation reserves ! Brick 4; 2 bedroom units. with open plan living, built in robes neat and tidy original kitchens with electric appliances.
Plenty of car parking spaces. Strong rental history with low vacancy rates. At 7.2% PA gross yield returning $27,040 pa this is a prime investment opportunity.
Property Code: 1245
Property History for 54 Chamberlain Rd, Newborough, VIC 3825
- 10 Jul 2021Sold for $460,000
- 03 Jan 2017Listed for Sale $375,000.00
- 27 Oct 2015Listed for Sale Not Disclosed
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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 3,957 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.
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