SOLD
Sold on 12 Mar 2024 for $450,000

64-66 Shanahan Parade
Newborough VIC 3825

Bedrooms: 4
Bathrooms: 1
Car spaces: 2
Floor area: 166m2
Land area: 3051m2
Sold By
First National Real Estate Latrobe
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Property Details for 64-66 Shanahan Pde, Newborough

64-66 Shanahan Pde, Newborough is a 4 bedroom, 1 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 3051m2 and floor size of 166m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 4 bedroom House sold in Newborough in the last 12 months.

Building Type
House
Year Built
1950
Floor Size
166m2
Land Size
3051m2
Local Government
Latrobe
Lot/Plan
18/LP24114

Last Listing description (August 2024)

Nestled on an expansive 2936m2 block, this distinctive dual-level residence seamlessly combines rustic charm with timeless design elements. The exterior facade immediately captures attention with its striking stone walls, setting the stage for a property filled with untapped potential.

Upon entering, you'll discover exposed timber ceiling beams and a spacious three-bedroom layout, complemented by a dedicated study that effortlessly accommodates a single bed. The single bathroom adds practicality to the home. The main bedroom features an internal stone wall, providing an individual touch to your retreat. The heart of the home revolves around an open kitchen, living, and dining area anchored by a solid fuel Coonara. Framed by hexagon-shaped windows, this space not only offers an efficient heating solution but also becomes a focal point for family gatherings during colder months.

Beyond its charming aesthetics, this residence boasts a practical layout that balances privacy and functionality. The generous block size offers a private and captivating environment, making it an ideal canvas for those with a vision for development potential. While maintenance is required, this property represents a unique opportunity for enhancement and personalization. Its distinctive features make it a rare gem awaiting transformation into the ideal property for development.

Highlighting the development potential due to the size of the block and its strategic location, this residence is not just a home; it's an opportunity waiting to be seized. If you appreciate the prospect of crafting a property to your preferences, this is a must-see.

Contact Racquel Dickson at 0421 333 115 with First National LATROBE today to schedule a private viewing and explore the myriad possibilities that await you. Unleash the potential of this property and turn it into the development project you've been searching for.

Property History for 64-66 Shanahan Pde, Newborough, VIC 3825

A timeline of how this property has performed in the market
Last Sold
$450,000
12 Mar 2024
  • 12 Mar 2024
    Sold for $450,000
  • 24 Jan 2024
    Listed for Sale $469,000

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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 31 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.

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.