OFF MARKET

5/8-10 Forrest Avenue
Newhaven VIC 3925

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 140m2
Land area: 3326m2
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Property Details for 5/8-10 Forrest Ave, Newhaven

Building Type
Commercial
Floor Size
140m2
Land Size
3326m2
Local Government
Bass Coast
Lot/Plan
5/PS409562

Last Listing description (March 2013)

COASTAL INVESTMENT OPPORTUNITY
For Sale by Expressions of Interest
Closing Thursday 21 February 2013 at 3.00 pm

Under Instructions from the Mortgagee
Offered with vacant possession
Former Sandbanks Restaurant
Area: 290 sqm (approx)
Highly exposed double shop front
Suit restaurant, cafe, retail or office use (stpa)
Forms part of the Newhaven Plaza, situated minutes from San Remo
on the island side of the San Remo bridge linking Phillip Island to the mainland.
Shops 1, 2, 3 & Lot 11 and Shop 4 also available
Terms: 10% deposit, balance 60 days
Inspect by appointment
Information Memorandum available upon request
Conjunctional Agent
Alex Scott & Staff
113a Thompson Avenue, Cowes, Vic
Greg Price 0419 337 441 / Brian Silver 0407 347 509

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Property History for 5/8-10 Forrest Ave, Newhaven, VIC 3925

A timeline of how this property has performed in the market
Last Sold
$217,500
12 Mar 2013
  • 12 Mar 2013
    Sold for $168,500
  • 12 Mar 2013
    Sold for $217,500
  • 23 Jan 2013
    Listed for Sale CLOSING AT 3:00 PM
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About Newhaven 3925

The size of Newhaven is approximately 6.7 square kilometres. It has 5 parks covering nearly 5.6% of total area. The population of Newhaven in 2011 was 384 people. By 2016 the population was 465 showing a population growth of 21.1% in the area during that time. The predominant age group in Newhaven is 50-59 years. Households in Newhaven are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newhaven work in a professional occupation. In 2011, 73.9% of the homes in Newhaven were owner-occupied compared with 76.3% in 2016.

Newhaven has 478 properties. Over the last 5 years, Houses in Newhaven have seen a 51.62% increase in median value, while Units have seen a 62.57% increase. As at 31 October 2024:

  • The median value for Houses in Newhaven is $813,898 while the median value for Units is $615,369.
  • Houses have a median rent of $308.
There are currently 4 properties listed for sale, and no properties listed for rent in Newhaven on OnTheHouse. According to CoreLogic's data, 9 properties were sold in the past 12 months in Newhaven.

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