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Sold on 13 Dec 2023 for $210,000

70 Pound Lane
Newstead VIC 3462

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 51331m2
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Property Details for 70 Pound Lane, Newstead

Building Type
Land
Land Size
51331m2
Local Government
Mount Alexander
Lot/Plan
1/TP22339

Last Listing description (December 2023)

Set on the perimeter of the Newstead township this farming zoned property (without a current planning permit for a dwelling) offers approximately 5.13 hectares with a Licence Agreement over the unused road for access.

The parcel has had a previous use as a water supply for the Newstead township which has been relinquished however there are two large water holdings still in place which could provide a wonderful environment in many different formats.

This truly unique offering is off grid with farmland and forest adjoining and offers some delightful outlooks across the countryside.

Property History for 70 Pound Lane, Newstead, VIC 3462

A timeline of how this property has performed in the market
Last Sold
$210,000
13 Dec 2023
  • 13 Dec 2023
    Sold for $210,000
  • 11 Dec 2022
    Listed for Sale $228,000
  • 26 Apr 2022
    Sold for $690,000
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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 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.

Suburb Insights for Newstead 3462

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Brett Fitzpatrick
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Brett Waller
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Castlemaine Property Group
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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.