FOR SALE
$1,000,000

138 Lockwood Road
Kangaroo Flat VIC 3555

Bedrooms: 5
Bathrooms: 2
Car spaces: 12
Land area: 7752m2
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Substantial Parcel of Land in Kangaroo Flat

Nestled in the highly sought-after area of Kangaroo Flat, 138 Lockwood Road presents a rare opportunity to secure a substantial parcel of land with tremendous potential. Boasting an impressive 7,752 sqm of land with triple street frontage-spanning Lockwood Road, Fairview Road, and Fadersons Road-this property offers easy access and unmatched versatility for a variety of future uses.
Currently, the site features two separate, income-generating homes, both of which are currently leased, along with a large shed and ample car storage facilities. This setup ensures an immediate return on investment while you explore the development possibilities (STCA) that this prime land offers. Whether you're looking to land bank for the future or pursue a development project, the options are endless.
Located just 5 minutes from Lansell Square Shopping Centre, with its broad range of retail outlets, dining options, and essential services, the property also offers unparalleled convenience with a local IGA just 2 minutes away. Additionally, Bendigo's bustling CBD is only a 15-minute drive, allowing you to enjoy a peaceful suburban lifestyle while being close to all the action the city has to offer.
This is a fantastic opportunity for developers, investors, or anyone looking to secure a piece of land in a growing area with significant future potential. Whether you're looking to build, subdivide, or simply hold onto an asset that will appreciate over time, 138 Lockwood Road is a must-see. Arrange an inspection today and explore the possibilities this exceptional property has in store for you.
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Property Details for 138 Lockwood Rd, Kangaroo Flat

138 Lockwood Rd, Kangaroo Flat is a 5 bedroom, 2 bathroom House with 12 parking spaces. The property has a land size of 7752m2. The place is currently for sale with PRD Real Estate Bendigo.

Building Type
House
Land Size
7752m2

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About Kangaroo Flat 3555

The size of Kangaroo Flat is approximately 18.4 square kilometres. It has 27 parks covering nearly 40.1% of total area. The population of Kangaroo Flat in 2011 was 9,492 people. By 2016 the population was 10,405 showing a population growth of 9.6% in the area during that time. The predominant age group in Kangaroo Flat is 20-29 years. Households in Kangaroo Flat are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kangaroo Flat work in a labourer occupation. In 2011, 67.3% of the homes in Kangaroo Flat were owner-occupied compared with 67.4% in 2016.

Kangaroo Flat has 6,217 properties. Over the last 5 years, Houses in Kangaroo Flat have seen a 50.59% increase in median value, while Units have seen a 43.40% increase. As at 31 October 2024:

  • The median value for Houses in Kangaroo Flat is $515,763 while the median value for Units is $360,339.
  • Houses have a median rent of $460 while Units have a median rent of $400.
There are currently 51 properties listed for sale, and 4 properties listed for rent in Kangaroo flat on OnTheHouse. According to CoreLogic's data, 239 properties were sold in the past 12 months in Kangaroo flat.

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Sacha Dale
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Dale Bish
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PRD Real Estate Bendigo
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