SOLD
Sold on 21 May 2024 for $1,150,000

29 Jubilee Street
Newport VIC 3015

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 180m2
Land area: 570m2
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Sold By
Gunn & Co
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Property Details for 29 Jubilee St, Newport

Building Type
Land
Floor Size
180m2
Land Size
570m2
Local Government
Hobsons Bay
Lot/Plan
73/LP7359

Last Listing description (May 2024)

Positioned in this sought-after pocket of Newport, only a short walk to popular eateries, local schools and public transport. This perfectly rectangular allotment measuring approx 570 sqm with an excellent 16.7m (approx.) frontage with the existing house in a tree lined street is a rare find.

This is a golden opportunity for a builder, developer or investor to reap future rewards by renovating, extending or knocking down the existing home and building two new homes (STCA).This established family home comprises of three double bedrooms, all with built in robes, a large central bathroom, stainless steel gas appliances in the kitchen and a fabulous rear sunroom/bar area. There is Heating and Cooling, a large double garage to the rear and holding income until you decide to develop.

Peacefully located in the Newport Gardens Primary zone, walking distance to parklands and Newport lakes and close to shops and Newport and Williamstown North train stations and only 10km to the heart of Melbourne CBD, this location is excellent.

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Property History for 29 Jubilee St, Newport, VIC 3015

A timeline of how this property has performed in the market
Last Sold
$1,150,000
21 May 2024
Listed for Rent
$425/w
18 Jan 2018
  • 21 May 2024
    Sold for $1,150,000
  • 03 May 2024
    Listed for Sale Not Disclosed
  • 11 Feb 2022
    Sold for $1,200,000
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About Newport 3015

The size of Newport is approximately 5.2 square kilometres. It has 22 parks covering nearly 15.4% of total area. The population of Newport in 2011 was 11,987 people. By 2016 the population was 12,913 showing a population growth of 7.7% in the area during that time. The predominant age group in Newport is 40-49 years. Households in Newport are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newport work in a professional occupation. In 2011, 70.7% of the homes in Newport were owner-occupied compared with 69.2% in 2016.

Newport has 6,505 properties. Over the last 5 years, Houses in Newport have seen a 11.32% increase in median value, while Units have seen a 8.78% increase. As at 30 November 2024:

  • The median value for Houses in Newport is $1,173,436 while the median value for Units is $762,423.
  • Houses have a median rent of $690 while Units have a median rent of $600.
There are currently 28 properties listed for sale, and 16 properties listed for rent in Newport on OnTheHouse. According to CoreLogic's data, 295 properties were sold in the past 12 months in Newport.

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