OFF MARKET

59 Newark Avenue
Newborough VIC 3825

Bedrooms: 3
Bathrooms: 1
Car spaces: 4
Floor area: 96m2
Land area: 677m2
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Property Details for 59 Newark Ave, Newborough

59 Newark Ave, Newborough is a 3 bedroom, 1 bathroom House with 4 parking spaces and was built in 1960. The property has a land size of 677m2 and floor size of 96m2. While the property is not currently for sale or for rent, it was last sold in August 2021.

Building Type
House
Year Built
1960
Floor Size
96m2
Land Size
677m2
Local Government
Latrobe
Lot/Plan
2/LP55090

Last Listing description (October 2021)

Ideally situated in this centrally convenient location, only 1km to the Newborough CBD and within close proximity to John Field Reserve, Newborough East Primary and Lowanna College, Latrobe Leisure Centre, and numerous reserves and parklands.
This excellently presented home located on a 677m2 allotment, will appeal to those entering the market, downsizing or indeed the astute investor, looking a quality, hassle-free investment.
As you enter the home you are greeted by a light and bright main living area which adjoins the modern kitchen containing a double sink, double fridge, electric cooking, dishwasher, wall pantry and split system a/c providing comfort all year round.

Comprising of 3 well sized bedrooms (BIR's to 2), a spacious study with a storage cupboard, a convenient and trendy European laundry with a linen cupboard in the hallway, the main bathroom is tiled and contains a single vanity and an open shower which would assist with any mobility issues, as well as a separate WC coming off the hallway.
Outside there is a sealed driveway along the side of the home leading to the large 6 x 12m shed, a flat and low maintenance rear yard with a large established tree, providing the perfect space for the kids to play.
Currently leased until December 2021 at $290 per week.
Exceptional Value home in a central and convenient location.

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Property History for 59 Newark Ave, Newborough, VIC 3825

A timeline of how this property has performed in the market
Last Sold
$344,000
19 Aug 2021
Listed for Rent
$290/w
12 Nov 2019
  • 19 Aug 2021
    Sold for $344,000
  • 05 Aug 2021
    Listed for Sale $349,000
  • 25 Oct 2019
    Listed for Rent - Price not available
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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 3,957 properties. Over the last 5 years, Houses in Newborough have seen a 75.94% increase in median value, while Units have seen a 69.92% increase. As at 31 August 2024:

  • The median value for Houses in Newborough is $413,185 while the median value for Units is $284,325.
  • Houses have a median rent of $410 while Units have a median rent of $253.
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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