3 Collingwood Rd, Newport, VIC 3015

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Auctioned

Auctioned for $2,220,000 (May 19, 2018)

Premium Bayside Newport Development Opportunity

Collingwood road is one of the most coveted addresses in Bayside Newport, close to The Strand waterfront, parklands and excellent schools. This former dairy site from c1928 of approximately 1,095 square metres presents a very rare and exciting development opportunity. There is great potential to capitalise on this outstanding address with a 20.11 m frontage and have it realise a very substantial return (STCA). Double storey improvements could potentially provide spectacular views. The current brick home is in excellent condition, generously proportioned and comfortable to occupy or lease during your development planning phase.

The opportunity to secure a prime landholding with significant development potential in this premium area with strong growth trends is extremely rare, particularly given the holding income, premium waterfront location and exceptional site area.

Property Info:

  • Property ID: 18793035
  • Property Type: House
  • Garages: 2
  • Open Parking: 2

We Know Your Area

R&H Suburb Profile: Newport

R&H Suburb Summary Houses
Number of sales 178
Average Price $1,080,942
Median Price $1,043,250
Median Rental Price $570 p.w.
Change in Rental Rate (5yr) 23 %
R&H Suburb Summary Units
Number of sales 31
Average Price $716,387
Median Price $725,000
Median Rental Price $500 p.w.
Change in Rental Rate (5yr) 16 %
Newport, VIC - Median Trend

School closest to 3 Collingwood Rd

School name Distance
Westbourne Grammar School
View Website
0.73 km
Sacred Heart School
View Website
1.03 km
Williamstown North Primary School
View Website
1.32 km
Newport Lakes Primary School
View Website
1.33 km
Bayside P-12 College
View Website
1.66 km

"Distance" is a straight line calculation. Please contact your desired school to establish it's catchment area.

  • 3 Collingwood Rd, Newport,
    Victoria, 3015