14 Penrose PlaceNewlands Arm VIC 3875
Property Details for 14 Penrose Pl, Newlands Arm
Last Listing description (March 2023)
Situated in the exclusive Penrose Place Estate, Newlands Arm, this 1058sqm allotment, featuring stunning elevated views over Lake Victoria, is the ideal location for your new dream home! Easy access to Dawson's Cove and the waterfront reserve provides public boat ramp & jetty, swimming beach, picnic area and waterfront walking trails. With Paynesville shopping, cafes & restaurants only 15 minutes away, this really is a great opportunity to create your Gippsland Lakes lifestyle. With power, sewerage, town water and NBN, everything is set and ready for your new home or holiday getaway.
Property History for 14 Penrose Pl, Newlands Arm, VIC 3875
- 20 Mar 2023Sold for $530,000
- 02 Dec 2022Listed for Sale $549,000
- 15 Jun 2022Sold for $550,000
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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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