SOLD
Sold on 05 Mar 2024 for $290,500

4/508 Melbourne Road
Newport VIC 3015

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 55m2
Land area: 972m2
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Property Details for 4/508 Melbourne Rd, Newport

4/508 Melbourne Rd, Newport is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 972m2 and floor size of 55m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom Unit sold in Newport in the last 12 months.

Building Type
Unit
Year Built
1970
Floor Size
55m2
Land Size
972m2
Local Government
Hobsons Bay
Lot/Plan
4/RP12944

Last Listing description (November 2024)

This property is located in the heart of Newport, offering a perfect blend of comfort and convenience. Upon entry, you're greeted by an inviting open lounge room featuring warm floorboards and an electric heater, creating a cosy ambiance perfect for relaxation or entertaining guests. The space flows seamlessly into two generously sized bedrooms, each adorned with plush carpeting and convenient built-in wardrobes, providing ample storage solutions.

The kitchen boasts functionality and versatility, equipped with an electric stove and oven, along with a small but versatile bench ideal for meal preparation or doubling up as a breakfast bar or dining table. The tiled central bathroom is both practical and stylish, featuring a single vanity, shower over bath, and toilet. Outside, off-street parking is provided by a single carport, ensuring hassle-free accommodation for your vehicle.

Built in the 1970's, this home exudes timeless appeal and character, providing a solid foundation for your future endeavours.

Situated in a prime location, this property offers easy access to the Newport Station, making commuting a breeze. Convenient access to the CBD via Melbourne Road and the West Gate Freeway. Additionally, you'll find yourself just moments away from cafes and restaurants, perfect for indulging in delicious meals or catching up with friends.

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Property History for 4/508 Melbourne Rd, Newport, VIC 3015

A timeline of how this property has performed in the market
Last Sold
$290,500
05 Mar 2024
Listed for Rent
$350/w
10 Apr 2024
  • 03 Apr 2024
    Listed for Rent $350 / week
  • 05 Mar 2024
    Sold for $290,500
  • 22 Feb 2024
    Listed for Sale $240,000 - $260,000
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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 6,494 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.
There are currently 51 properties listed for sale, and 10 properties listed for rent in Newport on OnTheHouse. According to CoreLogic's data, 286 properties were sold in the past 12 months in Newport.

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