6/321 Pakington StreetNewtown VIC 3220
Property Details for 6/321 Pakington St, Newtown
Last Listing description (October 2024)
Occupying a prime position, with excellent signage, in the proven retail complex of 'Chilwell Village', this prominent but compact retail premises offers a long standing tenant and visual appeal like no other.
- Building area: 24m2 approx.
- Carparking: 1 communal car space
- Outgoings: Payable by tenant
- Lease term/s: 3 years commencing 05/03/2024
- Further terms: None
Set yourself for your first commercial investment and/or owner occupier opportunity with this one.
For more information or copies of plans, contact James Wilson on 0414 898 545.
Property History for 6/321 Pakington St, Newtown, VIC 3220
- 21 May 2025Sold for $380,000
- 23 Sep 2024Listed for Sale $450,000
- 16 May 2022Sold for $380,000
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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 5,762 properties. Over the last 5 years, Houses in Newtown have seen a 24.36% increase in median value, while Units have seen a 28.31% increase. As at 30 November 2025:
- The median value for Houses in Newtown is $1,235,226 while the median value for Units is $628,338.
- Houses have a median rent of $570 while Units have a median rent of $450.
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