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16 Palmerston Street, Newstead$625,000
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16 Palmerston Street

Newstead, VIC 3462, Australia
$625,000
3 bed 2 bath 1 car1258 m²

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About this property

Set on the edge of Newstead with a peaceful bush outlook and farmland directly behind, this well-built modern home offers privacy, space and a relaxed country lifestyle on a generous 1,258m2 allotment. Constructed from Hebel and corrugated iron, the home is designed for comfort and efficiency, with a veranda decking wrapping 3 sides of home making the most of the tranquil setting. All three bedrooms feature sliding doors opening directly onto the deck, creating a lovely connection between indoors and out and providing the perfect spot for a morning coffee or evening unwind. Inside, the home centres around a light-filled open-plan kitchen and living area, complete with gas log fire, reverse cycle air conditioner, gas cooktop, electric oven and dishwasher. Ceiling fans are installed throughout the home for added comfort year-round. The flexible floorplan includes three bedrooms with built-in robes, plus a separate office that could easily serve as a potential fourth bedroom, nursery or work-from-home space. The bathroom is spacious and practical, featuring a large walk-in shower. Outside, the fully fenced block includes raised veggie beds, a single carport, workshop space, and a garden shed with a secondary bathroom, adding extra functionality to the property. Enjoy the space, privacy and peaceful outlook while still being incredibly close to everything that matters - just a couple of minutes to the Newstead town centre, primary school, kindergarten and swimming pool, making day-to-day living easy and convenient.

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
3
Bathrooms
2
Parking
1
Land Area
1258 m²
Listed
3 months ago

Repayment calculator

$3,030/month
$1,515 /fortnight
Loan $500,000 at 6.10% over 30 years

Upfront costs

Deposit$125,000
Stamp duty$32,570
Conveyancing (est.)$2,000
Total upfront$159,570
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Newstead

This 3-bedroom house in Newstead, VIC 3462 sits within reach of local shops and nearby schools. It is listed 17% below the $750,000 median of 18 comparable houseswithin 5 km.

Schools near Newstead

  • Newstead Primary Schoolprimary · Prep-6 · CoEd

What's nearby

  • Newstead Butchers1.1 km away
  • Newstead Park876 m away
  • Newstead Park1.1 km away
  • Newstead Racecourse and Leisure Reserve1.3 km away

Newstead at a glance

Full suburb profile
Population
820
Median age
51
Household income
$1,105/wk
Median rent
$300/wk
Median mortgage
$1,300/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Newstead price trend

Median sold · House 3 bed

Compound growth +1.6% / yr over 4 yrs

$693kcurrent median

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

Full Newstead market

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Price history

Price history

Listing price changes

1 price change recorded for this property

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