7 Mason StreetNewborough VIC 3825
Property Details for 7 Mason St, Newborough
7 Mason St, Newborough is a 1 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 732m2. While the property is not currently for sale or for rent, it was last sold in June 2025. There are other 1 bedroom House sold in Newborough in the last 12 months.
Last Listing description (September 2021)
This is an excellent opportunity for the savvy investor to purchase 4 x 1 bedroom units and lock in a reliable, consistent income source for many years. All 4 units are tenanted with gross rent return of $25,720 pa and one unit has long-term tenants for 23 years. Located in a quiet location in Old Newborough the units are on 732 sqm block and have recently had new Zinc roof and flashings installed, new fencing and large tree removal to improve access for off street parking. Yes, there is definitely room to freshen up and further improve, but who needs "pretty" when you can lock in such a solid, reliable income return as is? With bank interest rates at record lows, you can add this solid investment to your portfolio as is OR further improve your investment to increase gross returns above 6%! Priced to sell, this is a prime opportunity to the investor who acts NOW. Please contact selling agent for an inspection (48 hours' notice required for inspections).
Property History for 7 Mason St, Newborough, VIC 3825
- 11 Jun 2025Sold for $552,000
- 21 May 2021Sold for $375,000
- 13 May 2021Listed for Sale $375,000
Recent sales nearby
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About 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 62.55% increase in median value, while Units have seen a 63.49% increase. As at 30 April 2026:
- The median value for Houses in Newborough is $499,229 while the median value for Units is $326,528.
- Houses have a median rent of $470 while Units have a median rent of $300.
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