SOLD
Sold on 28 Oct 2024 for $580,000

455 Melbourne Road
Newport VIC 3015

Bedrooms: 3
Bathrooms: -
Car spaces: 1
Floor area: 76m2
Land area: 1163m2
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Property Details for 455 Melbourne Rd, Newport

455 Melbourne Rd, Newport is a 3 bedroom, 0 bathroom Unit with 1 parking spaces and was built in 2022. The property has a land size of 1163m2 and floor size of 76m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 3 bedroom Unit sold in Newport in the last 12 months.

Building Type
Unit
Year Built
2022
Floor Size
76m2
Land Size
1163m2
Local Government
Hobsons Bay
Lot/Plan
1RA/PS809728

Last Listing description (November 2023)

Lemon Baxter is delighted to offer this rare and outstanding investment opportunity for sale.
The property represents a very limited opportunity to secure an outstanding investment in the tightly held Newport commercial precinct.

FEATURES & BENEFITS:

| Building area of 64sqm*
| Car park on title
| Corner main road exposure
| Brand new lease in place to Motte Patisserie
| Long lease term with options
| Rental of $32,000per annum + GST and outgoings as of 1st August 2023

*Approximate.

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Property History for 455 Melbourne Rd, Newport, VIC 3015

A timeline of how this property has performed in the market
Last Sold
$580,000
28 Oct 2024
Listed for Rent
20 Feb 2023
  • 28 Oct 2024
    Sold for $580,000
  • 14 Aug 2024
    Sold for $570,000
  • 11 May 2024
    Sold for $840,000
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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, 295 properties were sold in the past 12 months in Newport.

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