5 Penrose Place, Newlands Arm, VIC 3875 | Land for sale | OnTheHouse
 
FOR SALE
$250,000

5 Penrose Place
Newlands Arm VIC 3875

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1020m2
Improve this data
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

Corner Block Minutes from Water!

Set on a generous corner allotment of approximately 1,019m², this vacant block gives you space to plan a home properly rather than squeeze one in, there is plenty of flexibility to make use of the land and its position.
The Area
Penrose Place sits within the established Newlands Arm community, close to the foreshore, waters edge and local walking areas. The relaxed lakeside setting is a big part of the appeal here, with boating, fishing and time on the water all part of everyday life around Newlands Arm.
Outside
At approximately 1,019m², the block gives you noticeably more room than a typical residential allotment.
There is space to think beyond the house itself, with potential for outdoor entertaining, gardens, additional parking or shedding depending on the design chosen and relevant approvals.
The Opportunity
This is a straightforward option for someone wanting to build in Newlands Arm with enough land to create a home that suits them properly.
Build for the family, plan something easier for retirement, or simply give yourself room for the boat, shed and backyard. In Newlands Arm, having a little extra space rarely goes to waste.
Al Orellana 0408 555 103
View Statement of Information

Property Details for 5 Penrose Pl, Newlands Arm

Building Type
Land
Land Size
1020m2
Commute Calculator

About Newlands Arm 3875

The size of Newlands Arm is approximately 4.2 square kilometres. The population of Newlands Arm in 2016 was 728 people. By 2021 the population was 866 showing a population growth of 19.0% in the area during that time. The predominant age group in Newlands Arm is 60-69 years. Households in Newlands Arm are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Newlands Arm work in a professional occupation.In 2021, 90.20% of the homes in Newlands Arm were owner-occupied compared with 90.20% in 2016.

Newlands Arm has 590 properties. Over the last 5 years, Houses in Newlands Arm have seen a 16.53% increase in median value. As at 31 August 2026:

  • The median value for Houses in Newlands Arm is $681,818 while the median value for Units is $426,237.
  • Houses have a median rent of $340.
There are currently 17 properties listed for sale, and no properties listed for rent in Newlands arm on OnTheHouse. According to Cotality's data, 17 properties were sold in the past 12 months in Newlands arm.

Newlands Arm Profile Page

Suburb Insights for Newlands Arm 3875

Visit Newlands Arm profile page
Market Insights
Newlands Arm Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Newlands Arm Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Newlands Arm profile page
Contact agent
agent headshot
Al Orellana
Show contact details
Call agent
Bill Wyndham & Company
Preferred contact:
Privacy Policy
Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED