10/10A Lake Fair RiseNewlands Arm VIC 3875
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.
Last Listing description (November 2024)
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.
Property History for 10/10a Lake Fair Rise, Newlands Arm, VIC 3875
- 26 Sep 2024Listed for Sale $640,000 'NEW PRICE'
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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.
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