OFF MARKET

126 Helms Street
Newcomb VIC 3219

Bedrooms: 5
Bathrooms: -
Car spaces: 1
Floor area: 106m2
Land area: 758m2
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Property Details for 126 Helms St, Newcomb

126 Helms St, Newcomb is a 5 bedroom, bathroom Unit with 1 parking spaces. The property has a land size of 758m2 and floor size of 106m2. While the property is not currently for sale or for rent, it was last sold in March 2021.

Building Type
Unit
Floor Size
106m2
Land Size
758m2
Local Government
Greater Geelong
Lot/Plan
1/TP751593

Last Listing description (March 2021)

Residing on a generous 758sqm (approx.) allotment are three lovingly renovated units, all on a single title, providing a once in a lifetime opportunity to purchase a phenomenal investment. Comprising of two, one-bedroom units and one, two-bedroom unit with no body corporate fees to pay, this is simply a set and forget investment.

With an expected annual rental return of $44,200 the property is perfect for the astute investor looking for a steady and healthy income stream or something to subdivide (STCA) and sell individually. Dual street frontages, private courtyards, off-street car parking and the updated interiors mean there's minimal downtime in applying for new tenants when the time arises allowing you to maximise your investment potential.

- Stylishly renovated throughout each unit

- Mixture of one-bedroom and two-bedroom units
- Excellent negative gearing potential
- Ample off-street car parking, spacious rear yards
- Ten minutes to Geelong CBD, Waterfront and Botanical Gardens
- Walking distance to Newcomb Central Shopping Center
- Walking distance to Newcomb Secondary School, public transport

Property History for 126 Helms St, Newcomb, VIC 3219

A timeline of how this property has performed in the market
Last Sold
$888,000
12 Mar 2021
  • 12 Mar 2021
    Sold for $888,000
  • 23 Feb 2021
    Listed for Sale $880,000 - $920,000
  • 18 Jun 2004
    Sold for $340,000

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About Newcomb 3219

The size of Newcomb is approximately 3.6 square kilometres. It has 8 parks covering nearly 2.1% of total area. The population of Newcomb in 2011 was 4,519 people. By 2016 the population was 4,490 showing a population decline of 0.6% in the area during that time. The predominant age group in Newcomb is 20-29 years. Households in Newcomb are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Newcomb work in a trades occupation. In 2011, 65.2% of the homes in Newcomb were owner-occupied compared with 59% in 2016.

Newcomb has 2,806 properties. Over the last 5 years, Houses in Newcomb have seen a 30.54% increase in median value, while Units have seen a 23.18% increase. As at 31 October 2024:

  • The median value for Houses in Newcomb is $592,983 while the median value for Units is $436,271.
  • Houses have a median rent of $440 while Units have a median rent of $400.
There are currently 6 properties listed for sale, and 2 properties listed for rent in Newcomb on OnTheHouse. According to CoreLogic's data, 101 properties were sold in the past 12 months in Newcomb.

Suburb Insights for Newcomb 3219

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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.