SOLD
Sold on 30 Sep 2024 for $450,000

2/321 Pakington Street
Newtown VIC 3220

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 86m2
Land area: 43m2
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Property Details for 2/321 Pakington St, Newtown

Building Type
Commercial
Year Built
1975
Floor Size
86m2
Land Size
43m2
Local Government
Greater Geelong
Lot/Plan
2/SP29745

Last Listing description (February 2021)

- Located in the heart of Pakington Street
- Area of 40 square metres*
- Sought after location

- Suits a range of uses
- Zoned Commercial 1
- An opportunity not be missed

*Approx.

For Lease: Please contact Colliers International agents Ben Young on 0407 296 679 or Sam Neale on 0438 480 266.

Property History for 2/321 Pakington St, Newtown, VIC 3220

A timeline of how this property has performed in the market
Last Sold
$450,000
30 Sep 2024
Listed for Rent
$9/w
15 Feb 2021
  • 30 Sep 2024
    Sold for $450,000
  • 01 Apr 2023
    Transferred
  • 06 Nov 2020
    Listed for Rent - Price not available
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About Newtown 3220

The size of Newtown is approximately 5.8 square kilometres. It has 20 parks covering nearly 17.4% of total area. The population of Newtown in 2011 was 9,681 people. By 2016 the population was 10,154 showing a population growth of 4.9% in the area during that time. The predominant age group in Newtown is 10-19 years. Households in Newtown are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newtown work in a professional occupation. In 2011, 69.1% of the homes in Newtown were owner-occupied compared with 69.6% in 2016.

Newtown has 5,771 properties. Over the last 5 years, Houses in Newtown have seen a 39.11% increase in median value, while Units have seen a 13.66% increase. As at 30 November 2024:

  • The median value for Houses in Newtown is $1,220,132 while the median value for Units is $546,390.
  • Houses have a median rent of $550 while Units have a median rent of $450.
There are currently 23 properties listed for sale, and 9 properties listed for rent in Newtown on OnTheHouse. According to CoreLogic's data, 181 properties were sold in the past 12 months in Newtown.

Suburb Insights for Newtown 3220

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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.