29 Penrose PlaceNewlands Arm VIC 3875
Property Details for 29 Penrose Pl, Newlands Arm
Last Listing description (October 2022)
Brilliant location this is. Set in an elevated location, this magnificent waterfront reserve allotment of 1,040sqm is what living on the Gippsland Lakes is all about. With stunning uninterrupted views of Lake Victoria over to Paynesville, Raymond Island & McMillan Strait with a north facing aspect makes Lot 9 a rare standout in the market today. Other benefits include nearby boat ramp, swimming beach & waterfront walking track. Make your dreams become a reality. This is sure to impress. Anticipated title release October 2022.
Property History for 29 Penrose Pl, Newlands Arm, VIC 3875
- 25 Jun 2021Sold for $625,000
- 08 Jun 2021Listed for Sale $650,000
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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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