{"Slug":"residential-land-5-penrose-place-newlands-arm-vic-3875","CanonicalUrl":"https://realsearch.com.au/residential-land-5-penrose-place-newlands-arm-vic-3875","Address":"5 Penrose Place, Newlands Arm, Vic 3875","Suburb":"Newlands Arm","State":"VIC","Postcode":"3875","PropertyType":"Residential Land","Status":"For Sale","Headline":null,"Description":"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 AreaPenrose 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.OutsideAt 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 OpportunityThis 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","YearBuilt":null,"LandArea":null,"Price":{"Currency":"AUD","Amount":null,"Display":"$250,000"},"Bedrooms":null,"Bathrooms":null,"Parking":null,"Features":[{"Name":"Area","Value":"1,020 m²"}],"Inspections":[],"Auctions":[],"TimeZone":"AUS Eastern Standard Time","Latitude":null,"Longitude":null,"Agent":{"Name":"Al Orellana","CanonicalUrl":"https://realsearch.com.au/agent/al-orellana"},"Agency":{"Name":"Bill Wyndham & Co - Bairnsdale","CanonicalUrl":"https://realsearch.com.au/agency/bill-wyndham-co-bairnsdale"},"CreatedAt":"2026-09-24T08:25:46.6197116","UpdatedAt":"2026-09-24T08:25:46.6411477"}