FOR SALE
$640,000 'NEW PRICE'

10 & 10a Lake Fair Rise
Newlands Arm VIC 3875

Bedrooms: 3
Bathrooms: 3
Car spaces: 2
Land area: 1756m2
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CHARMING HOME WITH SELF CONTAINED UNIT, MOMENTS FROM GIPPSLAND LAKES

Set on a generous 1756m2 allotment, this delightful home offers an inviting light filled living area, warmed by a cosy wood heater, that seamlessly opens onto a covered outdoor space perfect for entertaining. The kitchen features gas cooking and an island bench, ideal for home chefs. The master bedroom boasts a walk-in robe and ensuite, while the second bedroom with built-in robes is serviced by a stylish family bathroom. A separate study and internal access to the garage add convenience.
A standout feature is the fully self-contained detached unit, perfect for accommodating extended family or generating income through holiday letting. The property also provides ample parking for caravans and boats, with room for a shed. The established gardens create a peaceful atmosphere, all while being close to walking tracks, the Gippsland Lakes and a nearby boat ramp. Complete with split system heating and cooling, this property is an exceptional lifestyle opportunity.
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Property Details for 10 & 10a Lake Fair Rise, Newlands Arm

10 & 10a Lake Fair Rise, Newlands Arm is a 3 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 1756m2. The place is currently for sale with LJ Hooker Paynesville.

Building Type
House
Land Size
1756m2

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About Newlands Arm 3875

The size of Newlands Arm is approximately 4.2 square kilometres. The population of Newlands Arm in 2011 was 502 people. By 2016 the population was 729 showing a population growth of 45.2% in the area during that time. The predominant age group in Newlands Arm is 60-69 years. Households in Newlands Arm are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Newlands Arm work in a trades occupation. In 2011, 89.7% of the homes in Newlands Arm were owner-occupied compared with 90.2% in 2016.

Newlands Arm has 585 properties. Over the last 5 years, Houses in Newlands Arm have seen a 42.74% increase in median value. As at 31 October 2024:

  • The median value for Houses in Newlands Arm is $641,690 while the median value for Units is $456,690.
  • Houses have a median rent of $480.
There are currently 17 properties listed for sale, and no properties listed for rent in Newlands arm on OnTheHouse. According to CoreLogic's data, 13 properties were sold in the past 12 months in Newlands arm.

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Lorraine Edlington
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LJ Hooker Paynesville
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