515 Melbourne RoadNewport VIC 3015
Property Details for 515 Melbourne Rd, Newport
Last Listing description (August 2021)
Nelson Alexander Commercial are delighted to offer For Private Sale this high exposure development opportunity (STCA) in super popular Newport. Located only 10kms from the city and on a main thoroughfare with excellent exposure this development opportunity offers endless opportunities to the astute investor. The site currently consists of a caryard at the front of the property and a two bedroom residence at the rear (with separate access) and is being sold with vacant possession.
Property Features:
Zoned Commercial 2
Excellent Development Potential (STCA)
Vacant Possession
High Exposure Site
Large Land Holding
Prime Location
Mixed Income Investment Opportunity
Current Car Yard Opportunity + 2 Bedroom Residence
Potential Market Rent (Existing) $75,000 PA
Close to Public Transport & Newport Station
Fantastic Opportunity Not To Be Missed!
For all property enquiries or to arrange an inspection please contact exclusive selling agents Nelson Alexander Commercial on 9419 5511.
Damien Theisz 0448 319 171
Inspection By Appointment
Property History for 515 Melbourne Rd, Newport, VIC 3015
- 05 Aug 2021Sold for $1,620,000
- 07 Apr 2021Listed for Sale Contact Agent
Recent sales nearby
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0About 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 6,596 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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