FOR SALE
Price Range $155,000 - $170,000

205 Montgomery Street
Lake Bolac VIC 3351

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Land area: 4000m2
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Restore to Former Glory!

Unlock the potential of this unique opportunity with the former circa-1914 'Teacher House,' adjacent to the original Lake Bolac school. This charming 3 bedroom period home, full of character and street appeal, awaits an enthusiastic renovator ready to restore it to its former glory after fire damage. With the right touch, this rough diamond can truly shine again and reclaim its place as a centerpiece of local heritage.
Alternatively, clear the slate and build your dream home on this expansive 4000 sq.m (1-acre) township-zoned block. Located in the centre of town and just a short walk from the Lake Bolac hub, the property offers ample space and comes equipped with power and water access, setting the foundation for an inspired new build in a picturesque location. Please note: no functioning bathroom is currently in place. Whether you choose to renovate or start anew, this property offers an exciting opportunity in a prime setting.
A daily bus service is also available to Ballarat & Hamilton and near the Grampians. With Warrnambool & the Grampians both within 1 hours drive.
Local amenities and attractions include the popular Lake for water recreation, P-12 School, Supermarket that offers fuel, takeaway shop, Kinder, Day Care Centre, Bush Nursing Centre & the Sporting Complex with golf, bowls, football, netball, tennis & swimming pool.
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Property Details for 205 Montgomery St, Lake Bolac

205 Montgomery St, Lake Bolac is a 2 bedroom, 1 bathroom House. The property has a land size of 4000m2. The place is currently for sale with Ray White Ararat.

Building Type
House
Land Size
4000m2

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About Lake Bolac 3351

The size of Lake Bolac is approximately 265.3 square kilometres. It has 1 park covering nearly 0.1% of total area. The population of Lake Bolac in 2011 was 478 people. By 2016 the population was 335 showing a population decline of 29.9% in the area during that time. The predominant age group in Lake Bolac is 50-59 years. Households in Lake Bolac are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Lake Bolac work in a managers occupation. In 2011, 75% of the homes in Lake Bolac were owner-occupied compared with 74.7% in 2016.

Lake Bolac has 286 properties. Over the last 5 years, Houses in Lake Bolac have seen a 146.04% increase in median value, while Units have seen a 104.38% increase. As at 31 October 2024:

  • The median value for Houses in Lake Bolac is $318,220 while the median value for Units is $332,706.
There are currently 5 properties listed for sale, and no properties listed for rent in Lake bolac on OnTheHouse. According to CoreLogic's data, 7 properties were sold in the past 12 months in Lake bolac.

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Adam Walker
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Ray White Ararat
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