1 Balcombe RoadNewtown VIC 3220
Property Details for 1 Balcombe Rd, Newtown
1 Balcombe Rd, Newtown is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 26730m2 and floor size of 429m2.
Last Listing description (August 2019)
Positioned near the banks of the Barwon River this tranquil location offers a block of six one bedroom units all on one title that are all securely leased and returning approx. $61,000 per annum. Unit one has been renovated and the remaining are in good original condition. Off street parking with individual car ports and the exterior has been recently repainted. If you are looking to top up your superannuation fund or simply wanting to secure a long term investment with natural capital growth then this location won't let you down.
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Property History for 1 Balcombe Rd, Newtown, VIC 3220
- 21 Feb 2019Listed for Sale $1,200,000
- 01 Nov 2018Listed for Sale $1,400,000
- 03 Aug 2015Listed for Sale Not Disclosed
Recent sales nearby
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About Newtown 3220
The size of Newtown is approximately 5.8 square kilometres. It has 20 parks covering nearly 17.4% of total area. The population of Newtown in 2016 was 10155 people. By 2021 the population was 10445 showing a population growth of 2.9% in the area during that time. The predominant age group in Newtown is 40-49 years. Households in Newtown are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newtown work in a professional occupation.In 2021, 69.20% of the homes in Newtown were owner-occupied compared with 69.60% in 2016.
Newtown has 5,760 properties. Over the last 5 years, Houses in Newtown have seen a 24.06% increase in median value, while Units have seen a 21.59% increase. As at 31 December 2025:
- The median value for Houses in Newtown is $1,247,293 while the median value for Units is $622,351.
- Houses have a median rent of $575 while Units have a median rent of $450.
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