FOR SALE
$980,000 - $1,050,000

9A Old Geelong Road
Ballan VIC 3342

Bedrooms: 3
Bathrooms: 1
Car spaces: -
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POTENTIAL PLUS HOUSE AND LAND SALE "READY TO GO" IN SOUGHT AFTER BALLAN LOCATION

Welcome to 9A Old Geelong Road, Ballan-a prime real estate opportunity in a highly sought-after location. This expansive property offers incredible potential for subdivision, with plans for 7 individual lots. Situated in the heart of Ballan, this property is conveniently close to the main street, shops, medical facilities, and major highways providing easy access to Ballarat and Melbourne.
Currently, the site features a comfortable and charming 3-bedroom timber home, generating a steady rental income of $425 per week. This residence presents a cozy and inviting atmosphere, perfect for families or investors looking to capitalize on the rental market.
The property's proximity to the Ballan train station further enhances its appeal, making commuting to the city a breeze. Ballan is a popular location, known for its community charm and picturesque surroundings, providing a perfect blend of rural tranquility and urban convenience.
Whether you're an investor looking for a lucrative subdivision opportunity or a homeowner seeking a rental income while planning future development, 9A Old Geelong Road offers the ideal setting. Don't miss out on this rare chance to secure a prime piece of real estate in the flourishing town of Ballan.
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Property Details for 9a Old Geelong Rd, Ballan

9a Old Geelong Rd, Ballan is a 3 bedroom, 1 bathroom House. The place is currently for sale with Real Estate Group.

Building Type
House

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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 2,211 properties. Over the last 5 years, Houses in Ballan have seen a 24.51% increase in median value, while Units have seen a 9.39% increase. As at 31 August 2024:

  • The median value for Houses in Ballan is $636,119 while the median value for Units is $381,535.
  • Houses have a median rent of $450 while Units have a median rent of $390.
There are currently 40 properties listed for sale, and 3 properties listed for rent in Ballan on OnTheHouse. According to CoreLogic's data, 72 properties were sold in the past 12 months in Ballan.

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James Waterhouse
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