SOLD
Sold on 19 Aug 2024 for $150,000

2/42 Pitman Street
Newcomb VIC 3219

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 300m2
Save

Property Details for 2/42 Pitman St, Newcomb

Building Type
Land
Land Size
300m2
Local Government
Greater Geelong
Lot/Plan
2/PS912039

Last Listing description (August 2023)

The three neighbouring sites are as follows.

42 Pitman 302m2= $295-315k
44 Pitman 357m2= $335-365k

46 Pitman 356m2= $335-365k

Opportunity to secure affordable land is rare, particularly sites that are centrally located and close to amenities. This fantastic, unique opportunity to purchase one of three neighbouring allotments just minutes from the Geelong CBD and Newcomb shopping is one of a kind and at a price point rarely seen in today's market.

These three sites are all ideal for a low maintenance build such as a townhouse, unit or smaller home perfect for a busy professional, retiree and also a fantastic option for the first home buyer who wants to buy into the real estate market, with huge potential to achieve future capital growth.

Property History for 2/42 Pitman St, Newcomb, VIC 3219

A timeline of how this property has performed in the market
Last Sold
$150,000
19 Aug 2024
  • 19 Aug 2024
    Sold for $150,000
  • 18 Apr 2023
    Listed for Sale Contact Agent

Commute Calculator

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 2,811 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 7 properties listed for sale, and 5 properties listed for rent in Newcomb on OnTheHouse. According to CoreLogic's data, 103 properties were sold in the past 12 months in Newcomb.

Suburb Insights for Newcomb 3219

Market Insights
Newcomb Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Newcomb Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.