5 Penrose Place
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About this property
Located in the desirable Penrose Place this land offers the perfect opportunity to join a vibrant and growing community. The corner block is 1,020 sqm, providing ample space for your dream home, garden, and more. No easements means you have more freedom to design and construct your home without additional constraints. Newlands Arm is quickly becoming a sought-after area for homeowners due to its beautiful surroundings, strong sense of community & walking distance to the waters edge & beach area. Whether you're looking to build a family home or a retirement retreat this location has much to offer.
Property Details
- Property Type
- land
- Listing Type
- For Sale
- Land Area
- 1020 m²
- Listed
- 3 months ago
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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 44% below the $499,000 median of 63 comparable landswithin 5 km.
What's nearby
- King St/Paynesville Rd (bus) — 1.6 km away
- Newlands Arm General Store — 1.2 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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Suburb market
Suburb price trend
Newlands Arm price trend
Median sold · House 3 bed
Compound growth +2.6% / yr over 4 yrs
Suburb-wide medians from sold listings — a guide to the area, not this specific property.
Full Newlands Arm marketThis listing
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Price history
Listing price changes
1 price change recorded for this property
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