FOR SALE
$489,000

16 Penrose Place
Newlands Arm VIC 3875

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1353m2
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DELIGHTFUL

Discover the epitome of lakeside living on this superb waterfront reserve allotment boasting captivating east-facing water views of picturesque Lake Victoria on the Gippsland Lakes. Spanning 1,353sqm, this titled parcel ensures swift access to the nearby Newlands Arm boat ramp, inviting swimming beach, and a scenic waterfront walking track, offering a lifestyle of leisure and recreation at your doorstep. With all the conveniences for a seamless home construction experience, seize the opportunity to make this prime piece of real estate yours today. Embrace the charm and potential of your new waterfront reserve haven. Open 7 days.
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Property Details for 16 Penrose Pl, Newlands Arm

Building Type
Land
Land Size
1353m2

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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 584 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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Scott Holland
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King & Heath First National - PAYNESVILLE
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