FOR SALE
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5500 Geelong-Ballan Road
Ballan VIC 3342

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2.5ac
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9 Lot Subdivision in Ballan (STCA)

Raine & Horne Land Victoria is proud to present this development opportunity strategically located on Geelong-Ballan Road.
This 2.52 Acres (approx.) parcel is ready for a developer to take advantage of a fantastic opportunity in the heart of one of Victoria's fastest-growing towns. Ballan's recent infrastructure upgrade, including the Ballan Railway Station, has significantly contributed to its rapid growth.
The property is waiting for permit approval for a 9-lot subdivision. The development consists of larger blocks ranging from 807 m2 to 1033 m2 which are highly in demand for home buyers in Ballan.
The property consists of a 5 bedroom and 2 Bathroom house with an adjoining dining area with timber-look floating floors, living or sitting area with woodfire and split system.
This opportunity will not last, so enquire today to make sure you don't miss out.
For any further information or to book an inspection, please get in touch with Jasdeep Singh 0413 959 608 or Wendy Kaur on 0424 524 420
Interested parties should conduct their due diligence prior to making any submissions. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent.
Due Diligence Checklist -
http://www.consumer.vic.gov.au/duediligencechecklist
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Property Details for 5500 Geelong-Ballan Rd, Ballan

Building Type
Land
Land Size
2.5ac

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About Ballan 3342

The size of Ballan is approximately 147.2 square kilometres. It has 8 parks covering nearly 4% of total area. The population of Ballan in 2011 was 2,774 people. By 2016 the population was 3,002 showing a population growth of 8.2% in the area during that time. The predominant age group in Ballan is 50-59 years. Households in Ballan are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ballan work in a professional occupation. In 2011, 79.9% of the homes in Ballan were owner-occupied compared with 80.2% in 2016.

Ballan has 2,223 properties. Over the last 5 years, Houses in Ballan have seen a 24.71% increase in median value, while Units have seen a 26.62% increase. As at 31 October 2024:

  • The median value for Houses in Ballan is $641,404 while the median value for Units is $431,303.
  • Houses have a median rent of $450 while Units have a median rent of $398.
There are currently 39 properties listed for sale, and 2 properties listed for rent in Ballan on OnTheHouse. According to CoreLogic's data, 80 properties were sold in the past 12 months in Ballan.

Suburb Insights for Ballan 3342

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Jasdeep Singh
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Varinder Kaur (Wendy)
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Raine & Horne Land Victoria
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.