OFF MARKET

5 Redgum Court
Newlands Arm VIC 3875

Bedrooms: 3
Bathrooms: 2
Car spaces: 7
Land area: 6280m2
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Property Details for 5 Redgum Ct, Newlands Arm

Building Type
Rural
Land Size
6280m2
Local Government
East Gippsland
Lot/Plan
35/PS309053

Last Listing description (October 2023)

Sitting on 6280m2 allotment and nestled amidst parklike gardens this stunning property offers the ultimate lifestyle. The warm and welcoming home provides open plan family/dining that opens to a north facing deck. Striking kitchen with granite counter tops, updated appliances including 5 burner gas top and plenty of storage. The lounge room provides an additional space to relax in and multipurpose room which would be perfect for a home office as it has separate entry. Three generous sized bedrooms and two stylish updated bathrooms. Entertaining is a breeze with the expansive covered outdoor enclosure with solar heated salt pool, pizza oven and built in BBQ. There is no shortage of car accommodation which includes 10.5m x 8m triple garage with mezzanine, 9m x 6.1m colorbond shed and attached double carport. There are five water tanks, each with pumps, 17 solar panels, garden watering system, fully enclosed vegetable garden, chook house and dog run. The home enjoys a northern orientation and is situated just an easy stroll from the Gippsland Lakes.

Property History for 5 Redgum Ct, Newlands Arm, VIC 3875

A timeline of how this property has performed in the market
Last Sold
$1,045,000
15 Mar 2023
  • 15 Mar 2023
    Sold for $1,045,000
  • 25 Feb 2023
    Listed for Sale $1,099,000
  • 12 Nov 2011
    Sold for $642,000
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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.

Suburb Insights for Newlands Arm 3875

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.