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20 Penrose Place, Newlands Arm$499,000

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20 Penrose Place

Newlands Arm, VIC 3875, Australia

$499,000

1167 m²

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About this property

Set in the peaceful court of 20 Penrose Place, Newlands Arm, this spacious 1,277sqm allotment offers the perfect setting to build your dream home. Backing onto Lake Victoria, the block captures stunning easterly views, so you can wake up to breathtaking sunrises over the water. Surrounded by quality homes taking shape in the neighbourhood, this is an ideal location for those looking to settle into a picturesque and establishing community. Just moments from the boat ramp and Dawson Cove ski zone, you'll have easy access to the renowned Gippsland Lakes, making it perfect for boating, fishing, and outdoor adventures. With plenty of space to design a home that makes the most of its stunning surroundings, this allotment is a rare opportunity to enjoy the best of lakeside living. Whether you're after a relaxed retreat or a lifestyle filled with water-based activities, this block is ready for your vision.

Property Details

Property Type: land
Listing Type: For Sale
Land Area: 1167 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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