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

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 3,946 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 3 properties listed for rent in Newborough on OnTheHouse. According to CoreLogic's data, 130 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.