Property Details for 33 Mason St, Newport
Last Listing description (June 2017)
The Key To Investment Success
A pivotal position in the heart of Newport s village hub complements this exceptional property, securely leased to a quality tenant on a 5 year term that commenced in February 2013 and features a 3 further terms, each of 5 years. Current rental returns of $35,096 PLUS GST per annum, with an annual increase of 4% further enhance the option to acquire single level spaces including a generous retail display/sales area, central dispensary, a store-room and staff toilet facilities. To the rear, parking for two cars accessed from Durkin Street adds to the investment appeal, surrounded by several commercial premises that also attract considerable customer traffic close to Newport station on some 141.5 m2.
Property History for 33 Mason St, Newport, VIC 3015
- 16 Jun 2017Sold - Price Undisclosed
- 11 May 2017Listed for Sale $840,000 - $920,000
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About Newport 3015
The size of Newport is approximately 5.2 square kilometres. There are 22 parks, covering nearly 15.4% of the total area. The population of Newport in 2016 was 12916 people. By 2021 the population was 13658 showing a population growth of 5.7% in the area during that time. The predominant age group in Newport is 40-49 years. Households in Newport are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Newport work in a professional occupation.In 2021, 69.50% of the homes in Newport were owner-occupied compared with 69.20% in 2016.
Newport has 6,601 properties. Over the last 5 years, Houses in Newport have seen a -6.72% decrease in median value, while Units have seen a -0.55% decrease. As at 31 July 2026:
- The median value for Houses in Newport is $1,184,315 while the median value for Units is $741,684.
- Houses have a median rent of $740 while Units have a median rent of $630.
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