30 Lambert AvenueNewtown VIC 3220
Property Details for 30 Lambert Ave, Newtown
Last Listing description (October 2018)
Undoubtedly Geelongs best suburb, this is a rare opportunity to take advantage of the changing Newtown Precinct. Located within minutes of Barwon River, Pakington Street and Geelong CBD.
This area has been earmarked as a property hotspot for investors wishing to buy and hold while the precinct continues to be refined and developed.
- Land area of 550 square metres*
- Building area of 230 square metres*
- Ideal location
- Offered with vacant possession
- Suitable for office, warehouse or retail use (STCA)
- Zoned Commercial 2
*Approx.
For Sale: $639,000 + GST
Please contact Colliers International agent Ben Young on 0407 296 679 for further details.
Property History for 30 Lambert Ave, Newtown, VIC 3220
- 08 Nov 2023Sold for $1,100,000
- 23 Apr 2021Sold for $800,000
- 04 Oct 2018Sold for $590,000
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0About 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 5,737 properties. Over the last 5 years, Houses in Newtown have seen a 44.90% increase in median value, while Units have seen a 29.46% increase. As at 31 July 2024:
- The median value for Houses in Newtown is $1,238,775 while the median value for Units is $599,495.
- Houses have a median rent of $530 while Units have a median rent of $440.
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