16 Monash StreetNewstead VIC 3462
Property Details for 16 Monash St, Newstead
Last Listing description (May 2019)
Set on 5153 sqm with a planning permit in place for a two-lot subdivision with access from both Monash and Palmerston Street, this affordable property provides a great opportunity for first home buyers, downsizers or those looking to invest.
The compact home provides very comfortable living with lounge room warmed by a wood heater and supported by a reverse cycle split system, kitchen/dining with pantry, 3 bedrooms with the master complete with built in robe and an updated bathroom.
The front garden is easy to maintain with a variety of natives, the rear garden is home to a productive orchard with a plethora of fruit trees including, apricots, pears, nectarine, fig, apples and peaches that combine with raised garden beds resulting in abundance of produce. Ample water is available with approx. 90,000 litres tank storage to ensure a successful harvest.
A great opportunity to enter the market, located just minutes from the local school and only 15 minutes from Castlemaine.
Property History for 16 Monash St, Newstead, VIC 3462
- 10 May 2019Sold for $399,000
- 20 Sep 2018Listed for Sale Not Disclosed
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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 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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