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Sold on 20 Nov 2024 for $693,000

3/2 Upper Skene Street
Newtown VIC 3220

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 103m2
Land area: 144m2
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Property Details for 3/2 Upper Skene St, Newtown

3/2 Upper Skene St, Newtown is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1991. The property has a land size of 144m2 and floor size of 103m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 2 bedroom Unit sold in Newtown in the last 12 months.

Building Type
Unit
Year Built
1991
Floor Size
103m2
Land Size
144m2
Local Government
Greater Geelong
Lot/Plan
3/PS300812

Last Listing description (November 2024)

This beautifully renovated townhouse combines modern style with easy-care living. Inside, sleek finishes create a contemporary feel, while the leafy courtyard and covered alfresco deck invite relaxed outdoor entertaining. Enjoy the convenience of walking to local cafes and Shannon Avenue shops. Ideally located near Newtown's schools, Barwon River, and the vibrant Pakington Street, the home features French doors that seamlessly connect the open-plan living area to the courtyard. The stylish kitchen is equipped with black fixtures, a breakfast bar/study nook, and premium appliances, including an integrated dishwasher, pyrolytic oven, and electric cooktop.

Currently operating successfully as short-stay's accommodation, this turn-key investment is ready for its new owner to start accepting guests. All furniture is available for purchase, making handover an absolute breeze. Financial statements are available for those interested in the returns offered by this property.

The two bedrooms come with built-in robes, with one offering a private balcony. The trendy bathroom boasts a shower, bath, and modern single vanity, complemented by floor-to-ceiling tiles, which also extend to the separate toilet. The laundry provides ample storage space and includes a second toilet. Two split-system air conditioners ensure year-round comfort, while secure pin code entry offers peace of mind. The property also includes a single remote-controlled carport with additional courtyard access via a laneway.

Potential rent return at $495 - $525 per week. To discuss in further detail please contact Emily Reid on 0477 922 969.

Property History for 3/2 Upper Skene St, Newtown, VIC 3220

A timeline of how this property has performed in the market
Last Sold
$693,000
20 Nov 2024
Listed for Rent
$330/w
18 Feb 2016
  • 20 Nov 2024
    Sold for $693,000
  • 11 Sep 2024
    Listed for Sale $660,000 - $720,000
  • 15 May 2020
    Sold for $580,000
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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 5,719 properties. Over the last 5 years, Houses in Newtown have seen a 39.03% increase in median value, while Units have seen a 17.68% increase. As at 31 October 2024:

  • The median value for Houses in Newtown is $1,200,293 while the median value for Units is $556,286.
  • Houses have a median rent of $550 while Units have a median rent of $440.
There are currently 23 properties listed for sale, and 7 properties listed for rent in Newtown on OnTheHouse. According to CoreLogic's data, 178 properties were sold in the past 12 months in Newtown.

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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.