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18 Penrose Place, Newlands Arm$499,000

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18 Penrose Place

Newlands Arm, VIC 3875, Australia

$499,000

1277 m²

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About this property

Nestled in the serene and picturesque court of 18 Penrose Place, Newlands Arm, this expansive 1166m2 lifestyle allotment offers an unparalleled opportunity to create your dream home. With direct access to the stunning Lake Victoria, enjoy breathtaking easterly views and wake up to the golden hues of the morning sunrise. Surrounded by high-quality homes currently under construction, this sought-after location ensures a beautiful and establishing neighbourhood. Just moments from the local boat ramp and Dawson Cove ski zone, this property is ideal for water lovers, offering direct access to the pristine Gippsland Lakes. Perfect for boating & fishing. With ample space to design a home that embraces the natural beauty of the area, this is a rare opportunity to secure a prime allotment. Whether you're looking for a peaceful retreat or an active lakeside lifestyle, this block has it all.

Property Details

Property Type: land
Listing Type: For Sale
Land Area: 1277 m²
Listed: 3 months ago

Repayment calculator

$2,419/month

$1,210 /fortnight

Loan $399,200 at 6.10% over 30 years

Upfront costs

Deposit$99,800

Stamp duty$25,010

Conveyancing (est.)$2,000

Total upfront$126,810

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Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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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 0% above the $499,000 median of 63 comparable landswithin 5 km.

What's nearby

Raymond Island Ferry Terminal/Devon Rd (bus) — 1.6 km away
Newlands Arm General Store — 1.3 km away
Simpson Park — 1.9 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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