312 Melbourne RoadNewport VIC 3015
Property Details for 312 Melbourne Rd, Newport
Last Listing description (May 2024)
Nestled along bustling Melbourne Rd, this vibrant and chic building presents an enticing investment opportunity with its prime location and excellent exposure. Currently leased with plans to further develop the site, the building is situated among a lively retail strip with busy cafes and businesses. Newport Station is just moments away and a corner garden provides off-street parking for two vehicles. Moreover, a planning permit is secured for two ground-floor tenancies and an upstairs apartment with large roof top outdoor living area, enhancing the property's potential and versatility.
Rent $29,203.20 +GST
170m2
Reception, two rooms, toilet facilities and lots of storage
Corner garden includes off-street parking for two vehicles.
Reverse cycle units for heating and cooling
Corner block with great visibility
Front and rear access
Property History for 312 Melbourne Rd, Newport, VIC 3015
- 24 Nov 2023Sold for $825,000
- 23 Aug 2023Listed for Sale $899,000
- 22 Mar 2016Transferred
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0About 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 6,493 properties. Over the last 5 years, Houses in Newport have seen a 7.15% increase in median value, while Units have seen a 6.54% increase. As at 31 October 2024:
- The median value for Houses in Newport is $1,155,480 while the median value for Units is $761,393.
- Houses have a median rent of $693 while Units have a median rent of $600.
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