27 Penrose PlaceNewlands Arm VIC 3875
Property Details for 27 Penrose Pl, Newlands Arm
Last Listing description (October 2022)
This choice allotment in the magnificent Penrose Place development is 1,000sqm in size, has 21.74m of street frontage, is in an elevated location, north facing & looks over Birrell's Point into Paynesville. Power, sewerage, town water & NBN will be available plus quick access to the magnificent Gippsland Lakes makes Lot 8 Penrose Place a rare find. Anticipated title release for home construction March 2022. Selling 7 days.
Property History for 27 Penrose Pl, Newlands Arm, VIC 3875
- 17 Aug 2021Listed for Sale $570,000
- 11 Aug 2021Sold for $570,000
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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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