SOLD
Sold on 07 May 2024 for $880,000

11 Lyons Street
Newstead VIC 3462

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1505m2
Sold By
Castlemaine Property Group Pty Ltd
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Property Details for 11 Lyons St, Newstead

Building Type
Commercial
Land Size
1505m2
Local Government
Mount Alexander
Lot/Plan
1/TP539501

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

A timeline of how this property has performed in the market
Last Sold
$880,000
07 May 2024
  • 07 May 2024
    Sold for $880,000
  • 09 Feb 2023
    Listed 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 606 properties. Over the last 5 years, Houses in Newstead have seen a 45.19% increase in median value. As at 30 November 2024:

  • The median value for Houses in Newstead is $613,246 while the median value for Units is $577,740.
There are currently 3 properties listed for sale, and no properties listed for rent in Newstead on OnTheHouse. According to CoreLogic's data, 15 properties were sold in the past 12 months in Newstead.

Suburb Insights for Newstead 3462

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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.