1-4/21 Leith StreetNewborough VIC 3825
Property Details for 1-4/21 Leith St, Newborough
1-4/21 Leith St, Newborough is a 8 bedroom, 4 bathroom Unit with 4 parking spaces.
Last Listing description (February 2024)
The property represents incredible value for money, boasting a rental yield of 5.8% pa. The block of units is a must see, with 4 individual units, comprising a total of 8 bedrooms, 4 bathrooms and 4 carports. Situated in a prime location, being a short walk to the CBD, public transport, schools & parks and within close proximity to the M1 Princess Freeway On/Off ramp....
Perfectly suited for those looking to maximize their investment potential, this property offers a unique chance to generate multiple rental incomes. Each unit features ample living space, ensuring comfort and privacy for all occupants. The well-appointed bathrooms provide convenience and functionality, while the generous carport spaces offer secure parking for residents.
Units 4 & 3 have recently been re-furbished with new carpets, interior painting and new blinds. All units have electric appliances and share a carport. Full paved driveways and maintained gardens.
For further information contact Patty McInnes on 0488 257 874
Property History for 1-4/21 Leith St, Newborough, VIC 3825
- 10 Aug 2023Listed for Sale $899,000
Recent sales nearby
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0About Newborough 3825
The size of Newborough is approximately 19.5 square kilometres. It has 27 parks covering nearly 7.8% of total area. The population of Newborough in 2016 was 6763 people. By 2021 the population was 6886 showing a population growth of 1.8% in the area during that time. The predominant age group in Newborough is 20-29 years. Households in Newborough are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Newborough work in a trades occupation.In 2021, 70.90% of the homes in Newborough were owner-occupied compared with 69.60% in 2016.
Newborough has 4,130 properties. Over the last 5 years, Houses in Newborough have seen a 72.01% increase in median value, while Units have seen a 69.99% increase. As at 31 December 2025:
- The median value for Houses in Newborough is $464,058 while the median value for Units is $298,694.
- Houses have a median rent of $460 while Units have a median rent of $295.
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