54 Charles StreetNewcomb VIC 3219
Property Details for 54 Charles St, Newcomb
Last Listing description (September 2014)
Huge Returns / Great Investment
This commercial freehold property serves as a popular and convenient shopping strip for locals and visitors alike. Situated in a handy spot of Newcomb, this property is for sale as one entity for the entire freehold. With all shops in good condition, the property is a great opportunity for an enthusiastic investor. The property sits on two titles with five shops offering a range of food and services including pizza, fish and chips, computer repairs, beauty salon and one vacant shop. With long-term tenants and potential for business growth in the future, there is ample parking for staff and customers. Behind the shops is a 3 bedroom house and garaging or extra storage space. The large property measures 1034sqm and has the added convenience of rear access. This pleasant community shopping strip makes an ideal commercial property investment that you can inspect today. Potential rental return of 7% approx.
Property History for 54 Charles St, Newcomb, VIC 3219
- 27 Sep 2014Listed for Sale $800,000 - $870,000
- 28 Feb 2014Listed for Sale $800,000 - $870,000
- 21 Nov 2013Listed for Sale PRICE ON APPLICATION
Recent sales nearby
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About 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 2,884 properties. Over the last 5 years, Houses in Newcomb have seen a 22.43% increase in median value, while Units have seen a 23.75% increase. As at 31 March 2026:
- The median value for Houses in Newcomb is $682,211 while the median value for Units is $486,611.
- Houses have a median rent of $480 while Units have a median rent of $423.
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