OFF MARKET

588 Lake Road
Newmerella VIC 3886

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 177m2
Land area: 36155m2
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Last updated 14 Oct 2024
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Property Details for 588 Lake Rd, Newmerella

588 Lake Rd, Newmerella is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 2003. The property has a land size of 36155m2 and floor size of 177m2. While the property is not currently for sale or for rent, it was last sold in October 1997.

Building Type
House
Year Built
2003
Floor Size
177m2
Land Size
36155m2
Local Government
East Gippsland
Lot/Plan
3/PS309040

Last Listing description (June 2014)

DREAM LIFESTYLE!
This magnificent home is set in an idyllic location. Presented on approximately 9.6 acres, this impressive property is situated only 1km from the Snowy River boat ramp, has frontage to Lake Watt Watt wildlife reserve, and offers stunning views towards Marlo and the Lake. Built for the view, this home features Tasmanian Oak flooring,cathedral ceilings of Sassafras and Iron bark, and a feature wall of local rock. It boasts a light filled, open plan living zone with wood heating and reverse cycle split system, galley style kitchen and walk in pantry. 3 bedrooms, 2 bathrooms plus study make this a perfect family home. Outside is equally as impressive. Fenced into 4 paddocks, large color bond shed, 2 horse stables and established, low maintenance gardens. If you've always wanted to live the dream, now's the time!

Property History for 588 Lake Rd, Newmerella, VIC 3886

A timeline of how this property has performed in the market
Last Sold
$50,000
16 Oct 1997
  • 03 May 2014
    Listed for Sale $469,000
  • 16 Oct 1997
    Sold for $50,000

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About Newmerella 3886

The size of Newmerella is approximately 55.2 square kilometres. It has 3 parks covering nearly 78% of total area. The population of Newmerella in 2011 was 440 people. By 2016 the population was 388 showing a population decline of 11.8% in the area during that time. The predominant age group in Newmerella is 60-69 years. Households in Newmerella are primarily childless couples and are likely to be repaying not stated per month on mortgage repayments. In general, people in Newmerella work in a managers occupation. In 2011, 86.8% of the homes in Newmerella were owner-occupied compared with 86.2% in 2016.

Newmerella has 269 properties. Over the last 5 years, Houses in Newmerella have seen a 79.86% increase in median value, while Units have seen a 2.56% increase. As at 30 September 2024:

  • The median value for Houses in Newmerella is $471,105 while the median value for Units is $452,406.
There are currently 1 property listed for sale, and no properties listed for rent in Newmerella on OnTheHouse. According to CoreLogic's data, 7 properties were sold in the past 12 months in Newmerella.

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