2-10 Rutherglen RoadNewborough VIC 3825
Property Details for 2-10 Rutherglen Rd, Newborough
Last Listing description (November 2025)
Positioned on a huge 1,394sqm (approx) corner allotment with extensive street frontages to both Rutherglen Road and Balfour Street, this renowned site and former home of Gregory Sports combines commercial, residential and development opportunities all in the one place.A generous sized retail area adjoins a modern one bedroom unit with off street car parking and secure shedding that is suitable for general or specialised storage. Zoned mixed use the remaining vacant land area (approx 900sqm) provides additional bolt on or varied development/re-development options to a new owner along with approximately 25 metres abutting Rutherglen Road. Linked to the heavy residential Newborough neighbourhood and other local shopping and service based businesses, this freehold is being offered with vacant possession and is ideal for a broad range of owner occupier purposes or investment possibilities.
Property History for 2-10 Rutherglen Rd, Newborough, VIC 3825
- 18 Nov 2025Sold for $490,000
- 24 Apr 2025Listed for Sale $500,000
- 24 Nov 1983Sold
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 4,129 properties. Over the last 5 years, Houses in Newborough have seen a 70.47% increase in median value, while Units have seen a 76.72% increase. As at 31 January 2026:
- The median value for Houses in Newborough is $471,118 while the median value for Units is $314,656.
- Houses have a median rent of $460 while Units have a median rent of $300.
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