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5 Penrose Place, Newlands Arm, Vic 3875 For Sale

5 Penrose Place, Newlands Arm, Vic 3875

$250,000

Residential Land
Type
1,020 m²
Area

Published on Thursday, September 24, 2026 ( See property details for 5 Penrose Place, Newlands Arm, Vic 3875)

$250,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A spacious vacant residential land parcel in the sought-after Newlands Arm community, offering versatile building options and lakeside lifestyle opportunities.

🏡 Property Highlights

  • Generous corner allotment of approximately 1,019m² providing ample space for customisation
  • Established community setting within Newlands Arm, close to foreshore and water activities
  • Flexible land size ideal for building a family home, retirement living, or outdoor amenities
  • Potential for outdoor entertaining, gardens, additional parking, or shedding
  • Vacant land ready for development with relevant approvals
  • Ideal location for boating, fishing, and lakeside lifestyle enthusiasts

✨ Key Features

  • Waterfront / Views
  • Open-Plan Living
  • Outdoor Area
  • Built-in Robes
  • Shed
  • Water tank
  • Fully fenced
  • Pet-Friendly
  • Garden / courtyard
  • Low-Maintenance Yard

Newlands Arm offers a relaxed lakeside lifestyle with close proximity to the foreshore, walking areas, and water-based activities. The community is well-established, providing a peaceful environment ideal for families, retirees, and outdoor enthusiasts. The area features scenic views, recreational opportunities, and a friendly neighbourhood atmosphere. Its convenient location ensures easy access to local amenities and outdoor pursuits, making it a desirable place to build a home. The spacious land parcels support versatile development options, from family residences to holiday retreats.

What are the zoning restrictions for building on this land?
Zoning restrictions are subject to local council regulations; it is recommended to consult with the Newlands Arm planning department for specific building and development guidelines.
Are there any easements or covenants affecting the property?
Easements or covenants may apply; a title search or property report can provide detailed information on any restrictions or obligations.
What are the nearby amenities and services available?
The area offers local shops, recreational facilities, boating and fishing spots, and community services within close proximity to the property.
Is the land suitable for building a specific type of home or structure?
The land is versatile and suitable for various residential builds, subject to council approvals and relevant permits.
What are the typical costs involved in developing this land?
Development costs include council fees, connection to utilities, site preparation, and any necessary approvals; a detailed quote from local builders or developers is recommended.
Are there any hidden costs or additional fees associated with developing this land? Has the land been tested for soil stability and suitability for construction? Are there any existing planning restrictions or future developments planned nearby? Is the property located within a flood or bushfire risk zone? Are there any existing easements, covenants, or restrictions that could impact building plans? What are the council requirements for obtaining building permits and approvals? Is the land connected to essential services such as water, electricity, and sewerage? Are there any ongoing or upcoming construction projects in the vicinity that could affect privacy or noise levels? Has the land been surveyed recently, and are there any boundary disputes? Are there any strata or community title considerations applicable to this property?

5 Penrose Place, Newlands Arm, Vic 3875 - More Details

$250,000

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
Type
Residential Land
Area
1,020 m²

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