342 Melbourne RoadNewport VIC 3015
Property Details for 342 Melbourne Rd, Newport
342 Melbourne Rd, Newport is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1973. The property has a land size of 368m2 and floor size of 64m2.
Last Listing description (December 2021)
This property is open for inspection. In accordance to Victorian Government requirements, only fully vaccinated people will be able to attend the open for inspection/and auction for this property.
A fresh address offering ideal flexibility in a strategic setting, this beautiful building offers the prospect of rewarding returns from either lifestyle or investment perspectives. Superbly fitted and finished two bedroom apartments - 1, 2 & 3 sold - will provide contemporary desirability complemented by style, security and the convenience of car parking close to Newport station, a vibrant local café culture, The Strand and Mason Street's exceptional shopping. All the advantages of the position also enhance the opportunity to lease one, two or both of this building's commercial premises and make the most of a combined total floor-space of some 140m2. For living, working, investing and enjoying these properties are set to deliver desired outcomes in a great destination!
Please ensure you have registered your attendance before arriving at the inspection. All inspections are limited to a maximum of 10 people with a density quotient of 1 person per 4sqm.
Property History for 342 Melbourne Rd, Newport, VIC 3015
- 21 Aug 2018Listed for Sale Contact Agent
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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 -3.50% decrease in median value, while Units have seen a 0.38% increase. As at 30 June 2026:
- The median value for Houses in Newport is $1,207,250 while the median value for Units is $740,728.
- Houses have a median rent of $740 while Units have a median rent of $630.
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