22 Penrose PlaceNewlands Arm VIC 3875
Property Details for 22 Penrose Pl, Newlands Arm
Last Listing description (October 2022)
Situated in the exclusive Penrose Place development, this spacious 1,139sqm waterfront reserve allotment has spectacular elevated views out to Lake Victoria, and with no neighbouring allotment on the Northern boundary, this corner block presents plenty of opportunity. The pleasures of Gippsland Lakes living will be at your doorstep including boat ramp, swimming beach and foreshore walking tracks and a short drive to all that Paynesville has to offer. Title release is anticipated in October 2022.
This is the dream site for your new dream home. Selling 7 days.
Property History for 22 Penrose Pl, Newlands Arm, VIC 3875
- 28 Nov 2021Sold for $470,000
- 25 Jun 2021Listed for Sale $470,000
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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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