Home/Properties/Newlands Arm/Lot 7/25 Penrose Pl
Lot 7/25 Penrose Pl, Newlands Arm$549,000
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Lot 7/25 Penrose Pl

Newlands Arm, VIC 3875, Australia
$549,000
998 m²

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About this property

Build your dream coastal home on this north-facing 998m² allotment, perfectly positioned in one of the area's most sought-after waterfront locations. Overlooking the picturesque Dawson's Cove reserve, this is your opportunity to create a private sanctuary where every day feels like a holiday. With a boat ramp, swimming beach and playground all within easy reach, this location offers the perfect balance of relaxation and recreation for the whole family. All essential services are ready and available, including power, sewerage, town water and NBN. This spacious, ready to build block offers endless potential whether you're envisioning a a family home by the water, luxurious coastal retreat or a low maintenance getaway to escape the everyday. With its peaceful outlook and prime waterfront position, this rare opportunity at Dawson's Cove won't last long. Call Wendy on 0467 032 010 for more information. Property Code: 220

Property Details

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

Repayment calculator

$2,662/month
$1,331 /fortnight
Loan $439,200 at 6.10% over 30 years

Upfront costs

Deposit$109,800
Stamp duty$28,010
Conveyancing (est.)$2,000
Total upfront$139,810
Verify with VIC revenue office →
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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 10% above the $499,000 median of 63 comparable landswithin 5 km.

What's nearby

  • Raymond Island Ferry Terminal/Devon Rd (bus)1.5 km away
  • Newlands Arm General Store1.2 km away
  • Simpson Park2.0 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

$610kcurrent median

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Price history

Price history

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1 price change recorded for this property

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