OFF MARKET

35 Challis Street
Newport VIC 3015

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 105m2
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Property Details for 35 Challis St, Newport

Building Type
Commercial
Land Size
105m2
Local Government
Hobsons Bay
Lot/Plan
1/PS619898

Last Listing description (October 2023)

- Funky Home /Office

- Unique opportunity to purchase this stylish property on corner frontage.

- Modern workspace comprising of four generous consulting rooms.

- Polished Timber Floorboards

- Security Intercom Entrance

- Easy conversion to residence (STCA) or extend build above (Previous Plans available)

- Vibrant shopping strip with foot traffic at your front door

- Rental potential of $30,000 per annum

- Price range between $670,000 - $700,000

- Valuable business exposure in community precinct

- Buy now as an investment or move in and work straight away.

- Position set for immense growth.

- Mural from local (& international) artist

Property History for 35 Challis St, Newport, VIC 3015

A timeline of how this property has performed in the market
Last Sold
$705,500
19 Oct 2023
  • 19 Oct 2023
    Sold for $705,500
  • 30 May 2023
    Listed for Sale $670,000 - $700,000
  • 26 Feb 2011
    Sold for $350,000
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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 6,506 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 17 properties listed for rent in Newport on OnTheHouse. According to CoreLogic's data, 297 properties were sold in the past 12 months in Newport.

Suburb Insights for Newport 3015

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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.