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16 Penrose Place, Newlands Arm$459,000

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16 Penrose Place

Newlands Arm, VIC 3875, Australia

$459,000

1353 m²

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About this property

Discover the epitome of lakeside living on this superb waterfront reserve allotment boasting captivating east-facing water views of picturesque Lake Victoria on the Gippsland Lakes. Spanning 1,353sqm, this titled parcel ensures swift access to the nearby Newlands Arm boat ramp, inviting swimming beach, and a scenic waterfront walking track, offering a lifestyle of leisure and recreation at your doorstep. With all the conveniences for a seamless home construction experience, seize the opportunity to make this prime piece of real estate yours today. Embrace the charm and potential of your new waterfront reserve haven. Open 7 days.

Property Details

Property Type: land
Listing Type: For Sale
Land Area: 1353 m²
Listed: 3 months ago

Repayment calculator

$2,225/month

$1,113 /fortnight

Loan $367,200 at 6.10% over 30 years

Upfront costs

Deposit$91,800

Stamp duty$22,610

Conveyancing (est.)$2,000

Total upfront$116,410

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Neighbourhood

Living in Newlands Arm

This land in Newlands Arm, VIC 3875 sits within reach of public transport, local shops local amenities. It is listed 8% below the $499,000 median of 64 comparable landswithin 5 km.

What's nearby

King St/Paynesville Rd (bus) — 1.7 km away
Newlands Arm General Store — 1.1 km away
Simpson Park — 1.8 km away

Newlands Arm at a glance

Full suburb profile

Population: 866
Median age: 60
Household income: $1,143/wk
Median rent: $335/wk
Median mortgage: $1,300/mo

Source: ABS Census.

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