38 Russell StreetNewtown VIC 3220
Property Details for 38 Russell St, Newtown
38 Russell St, Newtown is a 2 bedroom, 1 bathroom House and was built in 1910. The property has a land size of 270m2 and floor size of 95m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 2 bedroom House sold in Newtown in the last 12 months.
Last Listing description (July 2024)
Presenting a rare opportunity, this property will appeal to a diverse range of buyers including investors, owner-occupiers, builders and developers.
Original and unrenovated it has immense potential for improvement (STCA). Comprising 2 bedrooms, kitchen and bathroom it is waiting for a keen buyer to kickstart its transformation.
Conveniently located within a 10-minute walk to South Geelong station and a short stroll to the bustling coffee precinct on Pakington Street, this property offers easy access to public transport. Football fans will love being able to walk to GMHBA Stadium to support their Clubs. It also falls within the coveted catchment zones of Chilwell Primary School and St. Robert's School.
This unique and versatile home demands immediate attention for those seeking a property with both premium location and promising potential.
Property History for 38 Russell St, Newtown, VIC 3220
- 01 Jun 2024Sold for $500,000
- 08 May 2024Listed for Sale Auction - EPR $475,000 - $520,000
- 28 Aug 2023Sold for $515,000
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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 5,771 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.
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