OFF MARKET

10 Lake Fair Rise
Newlands Arm VIC 3875

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 126m2
Land area: 1754m2
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Last updated 14 Oct 2024
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Property Details for 10 Lake Fair Rise, Newlands Arm

10 Lake Fair Rise, Newlands Arm is a 2 bedroom, 2 bathroom House with 2 parking spaces and was built in 2000. The property has a land size of 1754m2 and floor size of 126m2.

Building Type
House
Year Built
2000
Floor Size
126m2
Land Size
1754m2
Local Government
East Gippsland

Last Listing description (April 2016)

Opportunities abound with this fantastic property. There is a main home plus a SC unit on a large 1756m2 block (approx.). The very comfortable home offers 2 bedrooms plus study, kitchen with dishwasher and gas cooking. The kitchen, dining and lounge are the central hub of the home and have wood heating, r/c split system and a great feeling of light and space looking out to the gardens. Master bedroom with ensuite and walk through robe, 2nd bedroom with BIR and a roomy study. Double garage with auto roller doors and internal entry to the home. Outside there is a delightful undercover entertaining deck and beautiful gardens surrounding the home. The SC unit offers open plan studio living, it has a r/c split system, kitchen, bathroom, living, lounge and bedroom space plus sunroom. Delightful outdoor areas and gardens surround the home which is very private to the main house. Live in one and rent one out, rent them both out, the choice is yours. The property is within a short walk to the Newlands Arm Lake Foreshore walking track, Dawsons Cove boat ramp and sandy beach. Inspections invited with East Gippsland & Lakes Real Estate on 0400 512 659.
Property Code: 436

Property History for 10 Lake Fair Rise, Newlands Arm, VIC 3875

A timeline of how this property has performed in the market
Listed for Rent
$320/w
15 Dec 2015
  • 07 Dec 2015
    Listed for Sale $359,000
  • 12 Nov 2015
    Listed for Rent $320 / week
  • 23 Apr 2015
    Listed for Sale $369,000
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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 45.37% increase in median value. As at 30 September 2024:

  • The median value for Houses in Newlands Arm is $632,208 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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