Back 28 Mason Street
Off Market

28 Mason Street

Newport VIC 3015

1
1
120 m²
House
Last sold for $590,000
Glen BairdGlen Baird, last sold this property on 12 January 2024 after 143 days on market.

Overview

All Set For Business Success

Visually exciting, totally tempting be the first to capture this prominent, convenient corner property and turn its commercial potential into a rewarding reality. Cool curved contours and café windows that link the property to its community define an exterior profile on a site that features high exposure, second frontage to Schutt Street and ideal proximity to the rest of Mason Street's retail precinct. The inside story is all about bright spaces, high ceilings and operational readiness that's illustrated by an already installed grease trap and exhaust fan and the presence of a fully fitted disability toilet. Newport's appetite for quality coffee and food suggests a great future if café possibilities are pursued while the positive vibe of the village also enhances scope to establish a business identity that best suits your skill set! Zoned General Residential Schedule 1, available with vacant possession and offering rental income estimated at $36,000 plus GST plus outgoings pa, this distinctive premises measures some 60m2 internally on a 120m2 site. Walk to Newport station but run to secure this outstanding opportunity!

Features

1 bedroom
1 bathroom
120 m² lot size
House

Estimated Value

Based on this property and similar 1 bedroom houses sold in Newport over the last 12 months, the estimated median property value of 28 Mason Street is $313k.

Median value
$313k
Estimated value range
$301k - $530k
Median days on market
25
Estimated value trend
0%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Newport. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 28 Mason Street

2024
Sold
$590,000
Private Sale/Treaty on 12 Jan 2024 by Glen Baird, of Jellis Craig - Inner West
2023
Rented
Undisclosed
Leased on 11 Sep 2023 by LJ Hooker Altona North
2023
Rented
Undisclosed
Leased on 08 Feb 2023 by LJ Hooker Altona North

Happy sellers in Newport

82%
82% of sellers in Newport reported that their sale price either exceeded or met their price expectations.

Newport stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 104 reviews in Newport over the last 12 months.

Local market activity for 1 bedroom houses in Newport

In the last 12 months, 4 one-bedroom houses similar to 28 Mason Street, have been sold.

This represents a 300% decrease in one-bedroom houses sales when compared to the previous 12 months.

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