SOLD
Sold on 14 Jun 2024 for $635,000

5 Midway Avenue
Newlands Arm VIC 3875

Bedrooms: 4
Bathrooms: 1
Car spaces: 4
Land area: 1306m2
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Property Details for 5 Midway Ave, Newlands Arm

5 Midway Ave, Newlands Arm is a 4 bedroom, 1 bathroom House with 4 parking spaces. The property has a land size of 1306m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 4 bedroom House sold in Newlands Arm in the last 12 months.

Building Type
House
Land Size
1306m2
Local Government
East Gippsland
Lot/Plan
CP173472

Last Listing description (August 2024)

A beautifully presented north facing home, on a 1306sq/m allotment, within a short walk to the lake.
The 4-bedroom property comes with a kitchen, dining/family room, separate lounge, large bathroom, 2 toilets, and a laundry. New carpets and timber flooring feature throughout and a gas heater and 2 air-conditioners are located in the living areas for year-round comfort.

The fully screened alfresco with wood heater is perfect for entertaining and front and back verandas are ideal for relaxing in the morning with a coffee or late afternoon with a glass of wine.

The fully irrigated gardens at the front of the house offer a picturesque privacy. The rear of the property also contains lovely established gardens, 2 small sheds with concrete flooring, a woodshed and a covered area for a trailer.

A "HUGE" 8M (W) X 16M (L) x 5.3M (H) shed/workshop/mancave is ideal for the tradesman, handyman, those working from home that need storage space, or someone that needs to securely house their tools. caravans, boats, trucks, cars, trailers and bikes. The shed has concrete flooring, LED overhead lighting and it is fully insulated. It comes complete with a large, high clearance roller door, 4-ton hydraulic car hoist, 10-amp and 15-amp power outlets, extensive timber workbenches, 2 x overhead electric fans, a wood heater, toilet, double industrial sink, hot water service, TV connections, and data cabling connected to the house for the modem. NBN is also connected.
The boat ramp is two minutes away, and the track around the lake is perfect for walks with idyllic views. The townships of Bairnsdale and Paynesville are only 15 minutes away.

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Property History for 5 Midway Ave, Newlands Arm, VIC 3875

A timeline of how this property has performed in the market
Last Sold
$635,000
14 Jun 2024
  • 14 Jun 2024
    Sold for $635,000
  • 07 Jun 2024
    Listed for Sale $655,000
  • 06 Apr 2023
    Listed for Sale $665,000
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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.
There are currently 17 properties listed for sale, and no properties listed for rent in Newlands arm on OnTheHouse. According to CoreLogic's data, 13 properties were sold in the past 12 months in Newlands arm.

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