SOLD
Sold on 17 Jun 2024 for $590,000

59 Monash Road
Newborough VIC 3825

Bedrooms: 5
Bathrooms: 4
Car spaces: 4
Land area: 1360m2
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Property Details for 59 Monash Rd, Newborough

59 Monash Rd, Newborough is a 5 bedroom, 4 bathroom Unit with 4 parking spaces. The property has a land size of 1360m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 5 bedroom Unit sold in Newborough in the last 12 months.

Building Type
Unit
Land Size
1360m2
Local Government
Latrobe
Lot/Plan
3/LP23077

Last Listing description (June 2016)

* Two bedroom period home with upgraded amenities
* 3 x one bedroom units, carports, communal garden
* Single title, large 1359 sqm approx allotment

* Rental return of $30,420 approx pa gross
* Established tenancy
* Less than 500 metres to shops, schools, medical facilities
* Prime Newborough location
* Terms 10% deposit, balance 60 days

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Property History for 59 Monash Rd, Newborough, VIC 3825

A timeline of how this property has performed in the market
Last Sold
$590,000
17 Jun 2024
  • 17 Jun 2024
    Sold for $590,000
  • 22 Apr 2016
    Sold for $302,500
  • 08 Sep 2015
    Listed for Sale SOLD! SOLD! 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, 140 properties were sold in the past 12 months in Newborough.

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