5 Exchange StreetNewington VIC 3350
Property Details for 5 Exchange St, Newington
5 Exchange St, Newington is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 650m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 3 bedroom House sold in Newington in the last 12 months.
Last Listing description (October 2024)
Are you a visionary renovator or developer in search of your next exciting project? This unique opportunity in the prestigious Newington area offers endless possibilities to transform or develop a property in one of Ballarat's most sought-after locations.
The existing home is ripe for renovation, providing a blank canvas for you to bring your dream design to life. With its generous space, you have the perfect foundation to create a bespoke residence that reflects your personal style and vision. Alternatively, for those with a keen eye on the future, the potential to subdivide the property into two lots (subject to council approval) offers an exciting investment opportunity. Positioned on a corner allotment with two driveways, imagine the possibilities of developing multiple residences or crafting a stunning new build in a highly coveted neighbourhood.
Situated in the highly desirable Newington precinct, this property is conveniently located just minutes from Ballarat's top schools, Lake Wendouree, local shops, and public transport. This prime location combines the convenience of urban amenities with the tranquillity of a prestigious community, making it an ideal spot for both personal residence and development.
Whether you envision a complete home renovation or are considering a subdivision project, this property provides exceptional scope to capitalize on its prime location and transform it into something extraordinary. Don't miss out on the chance to explore this diamond in the rough and realize its full potential.
Property History for 5 Exchange St, Newington, VIC 3350
- 12 Oct 2024Sold for $460,000
- 11 Sep 2024Listed for Sale $350,000 - $385,000
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0About Newington 3350
The size of Newington is approximately 2.4 square kilometres. It has 5 parks covering nearly 60.4% of total area. The population of Newington in 2011 was 1,887 people. By 2016 the population was 1,889 showing a population growth of 0.1% in the area during that time. The predominant age group in Newington is 10-19 years. Households in Newington are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Newington work in a professional occupation. In 2011, 67.7% of the homes in Newington were owner-occupied compared with 68.7% in 2016.
Newington has 921 properties. Over the last 5 years, Houses in Newington have seen a 22.52% increase in median value, while Units have seen a 8.82% increase. As at 30 November 2024:
- The median value for Houses in Newington is $617,165 while the median value for Units is $372,159.
- Houses have a median rent of $413 while Units have a median rent of $345.
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