OFF MARKET

2E Palmerston Street
Newstead VIC 3462

Bedrooms: 4
Bathrooms: 2
Car spaces: 4
Floor area: 244m2
Land area: 8605m2
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Property Details for 2e Palmerston St, Newstead

2e Palmerston St, Newstead is a 4 bedroom, 2 bathroom House with 4 parking spaces and was built in 1980. The property has a land size of 8605m2 and floor size of 244m2. While the property is not currently for sale or for rent, it was last sold in October 2022.

Building Type
House
Year Built
1980
Floor Size
244m2
Land Size
8605m2
Local Government
Mount Alexander
Lot/Plan
4/PS606430

Last Listing description (February 2023)

The driveway is more like a private road, winding its way to a grassy knoll where the brick and iron Colonial style residence sits proudly; it's commanding position affording it panoramic views over Newstead Village and across to Mount Franklin. With 8,605 sqm (2.1 acres) of land this property is surely a private retreat from which to enjoy the good life. The family-friendly brick and iron residence sits comfortably within the landscape, its ranch-style design seeing wide, covered wrap-around verandahs, feature window and glass sliders filling rooms with natural light all day long and merging the home with its beautiful surroundings. The floorplan is flexible with multiple dining and family zones allowing you to work the rooms to suit your needs. With its north-facing aspect, the kitchen is light and bright, expansive benchtops providing ample preparation space over substantial cabinetry. An electric cooktop, wall oven and dishwasher make mealtime a breeze while a built-in microwave sits withing a substantial bank of wall cabinetry; more than enough for all your cooking needs. A feature of the home is its substantial games additional entertainment room with built-in bar and glass sliders to the garden. In keeping with its family-friendly credentials there are four bedrooms, three queens with built in robes sharing a centrally located family bathroom with corner spa bath and a king premier suite with walk-in robe and ensuite. A well-proportioned laundry has a storage cupboard with the hallway boasting a large linen press. There is plenty of room for intimate or large scale dining, on the side verandahs or in the lovely gardens surrounded by flowering beds and stately trees. Adjacent to the home are two separate double garages/workshops, both with concrete floor.

Beyond the home the land slopes gently to the road. A mix of lightly timbered and cleared land the property is suitable for a horse or two, alpacas and alike. Vegetable plots, fruit trees and chickens would complete the rural lifestyle picture. With township zoning, mains water, mains power and septic tank connected to the home and mains sewerage available there is an exciting opportunity to capitalise on the block's unique irregular shape through further development STCA. There is no doubt that the home's interior would benefit from a makeover, but its strong bones mean that any work done is largely cosmetic; the end result being a contemporary home that meets the needs of today's relaxed but stylish rural lifestyle.

Newstead Village's primary school, IGA, cafes and pub offer everything you need on a daily basis but for a wider range of primary and secondary schools, stores and services, historic Maldon and Castlemaine (10 minutes), Bendigo (30 minutes), Ballarat (50 minutes) are all withing easy reach. Melbourne is 90 minutes down the Calder Highway or via fast train from Castlemaine. When country life calls, 2E Palmerston Street has all the answers.

Property History for 2e Palmerston St, Newstead, VIC 3462

A timeline of how this property has performed in the market
Last Sold
$830,000
07 Oct 2022
  • 07 Oct 2022
    Sold for $830,000
  • 25 Nov 2021
    Listed for Sale $975,000 to $1,050,000
  • 02 Jul 2012
    Listed for Sale $87,500

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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.
There are currently 3 properties listed for sale, and no properties listed for rent in Newstead on OnTheHouse. According to CoreLogic's data, 16 properties were sold in the past 12 months in Newstead.

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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.