12 Penrose PlaceNewlands Arm VIC 3875
Property Details for 12 Penrose Pl, Newlands Arm
Last Listing description (October 2022)
Situated on the new development known as Penrose Place this beautiful 1,086sqm allotment will have expansive uninterrupted waterviews of Lake Victoria. In an elevated position and having farmland on the Southern boundary assures privacy & enjoyment of the beautiful Gippsland Lakes. Having a wide 22.95m street frontage, nearby boat ramp & swimming beach plus local waterfront walking track makes this allotment an astute purchase. Anticipated titles release October 2022. Selling 7 days
Property History for 12 Penrose Pl, Newlands Arm, VIC 3875
- 28 Nov 2021Sold for $520,000
- 08 Jun 2021Listed for Sale $520,000
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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 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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