11 Lyons StreetNewstead VIC 3462
Property Details for 11 Lyons St, Newstead
Last Listing description (April 2023)
The ideal Commercial Investment is now available enjoying a wonderful exposure on a high profile corner position in the middle of this vibrant community within close proximity to Castlemaine and Daylesford.
The well-established caf/dining business with Liquor licence has a long lease and offers a strong 5.2% return with the tenant paying all outgoings and annual increases.
A fantastic opportunity to start or add to your investment portfolio in a highly desirable part of Central Victoria.
Freehold
Property History for 11 Lyons St, Newstead, VIC 3462
- 07 May 2024Sold for $880,000
- 09 Feb 2023Listed for Sale $330,000
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About Newstead 3462
The size of Newstead is approximately 46.7 square kilometres. It has 3 parks covering nearly 21.1% of total area. The population of Newstead in 2011 was 802 people. By 2016 the population was 750 showing a population decline of 6.5% in the area during that time. The predominant age group in Newstead is 60-69 years. Households in Newstead are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Newstead work in a professional occupation. In 2011, 78.5% of the homes in Newstead were owner-occupied compared with 82.6% in 2016.
Newstead has 604 properties. Over the last 5 years, Houses in Newstead have seen a 34.51% increase in median value. As at 31 October 2024:
- The median value for Houses in Newstead is $588,499 while the median value for Units is $556,157.
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