1 Helms StreetNewcomb VIC 3219
Property Details for 1 Helms St, Newcomb
1 Helms St, Newcomb is a 10 bedroom, 8 bathroom Unit with 8 parking spaces. The property has a land size of 1105m2.
Last Listing description (August 2023)
A once-in-a-lifetime opportunity in a highly sought-after growth location, this block of 8, 2x two-bedroom units and 6x one-bedroom units are to be sold as one parcel.
This solid investment with excellent long term occupancy also offers some quick capital gains should the buyer renovate and sell some individually. Whatever you choose, you can't go wrong in this thriving location.
This is an excellent and rare Opportunity for an astute investor who recognises a rare opportunity to secure a large land holding, high rental return, opportunity to increase capital value and rental yield.
Units 1 and 2 have been recently updated. The remaining units have enjoyed long term tenancies and simply been maintained as needed over time, but there is an opportunity to update, renovate and add value.
With periodic leases in place the option to to increase the rental yield across multiple units exists which an expected return at market value approximately $115,000 annually as is.
Current return is approximately $106,000 pa.
Potential market return appraised at $115,000 pa.
Property History for 1 Helms St, Newcomb, VIC 3219
- 29 Mar 2023Listed for Sale $2,000,000 - $2,200,000
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0About Newcomb 3219
The size of Newcomb is approximately 3.6 square kilometres. It has 8 parks covering nearly 2.1% of total area. The population of Newcomb in 2016 was 4500 people. By 2021 the population was 4704 showing a population growth of 4.5% in the area during that time. The predominant age group in Newcomb is 20-29 years. Households in Newcomb are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Newcomb work in a community and personal service occupation.In 2021, 56.30% of the homes in Newcomb were owner-occupied compared with 59.00% in 2016.
Newcomb has 2,879 properties. Over the last 5 years, Houses in Newcomb have seen a 31.61% increase in median value, while Units have seen a 30.31% increase. As at 30 November 2025:
- The median value for Houses in Newcomb is $647,699 while the median value for Units is $471,313.
- Houses have a median rent of $460 while Units have a median rent of $418.
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