OFF MARKET

6 Creswick-Newstead Road
Newstead VIC 3462

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 315m2
Land area: 2083m2
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Property Details for 6 Creswick-Newstead Rd, Newstead

Building Type
Commercial
Year Built
1920
Floor Size
315m2
Land Size
2083m2
Local Government
Mount Alexander
Lot/Plan
10~3A/PP5594

Last Listing description (December 2019)

Looking for a break from the everyday? Ever fantasised about owning your own pub? Then this is the opportunity you have been waiting for. Currently set up as a residence and zoned township, it makes a fantastic home or weekend getaway but could easily be reinvigorated as a hotel or holiday accommodation.
Affordable and in good nick, this historical building offers a flexible floor plan that currently houses three bedrooms with their own bathroom/laundry and kitchenette, light filled sitting room, cosy lounge with wood heater and access to one of the two bar areas, a large dining room with open fire place, office/study, commercial kitchen and pizza oven, cool room and multiple storage areas. The sitting room opens onto the enclosed courtyard for private outdoor entertaining and the site is a generous 2000sqm with approximately half as open space perfect for further development (STCA).
Well positioned on the Creswick Road overlooking Memorial Park and close to the Railway Arts Hub it is pivotal to the Central Goldfields and Daylesford Spa tourist regions and just over 90 minutes from Melbourne.

Property History for 6 Creswick-Newstead Rd, Newstead, VIC 3462

A timeline of how this property has performed in the market
Last Sold
$465,000
03 Oct 2019
  • 03 Oct 2019
    Sold for $465,000
  • 22 Jul 2019
    Listed for Sale Not Disclosed
  • 13 Oct 2017
    Listed 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.
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.