FOR SALE
$325,000 - $350,000

Allotment 1a4 Parkers Road
Lal Lal VIC 3352

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 5ha
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4.69HA (11.59 Acres) Highly Attractive With Water Views

This most picturesque property is situated in a coveted location that enjoys easy access to both Geelong (via Midland Hwy) and Melbourne (via Western Fwy) and is only a 20 minute drive south of Ballarat's CBD. Most suited to a forward thinking investor seeking a well situated allotment in an idyllic setting for occasional weekend stays and farming/recreational purposes. The land features a picturesque lake with an island that has been stocked with a variety of fish, is fenced into two paddocks and is mainly cleared, with a scattering of mature eucalyptus and is improved with a small storage shed at the front of the property. Although the zoning of the land is zoned "Rural Living" it is unlikely under the present planning scheme that a planning permit for the construction of a dwelling can be obtained as the land is situated in a proclaimed catchment area and is proximate to a private dam with an island. However, it is possible that this may change in the future. Call today to learn more concerning this ultimate country escape/landbank investment.
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Property Details for Allotment 1a4 Parkers Rd, Lal Lal

Building Type
Land
Land Size
5ha

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About Lal Lal 3352

The size of Lal Lal is approximately 66.6 square kilometres. It has 1 park covering nearly 14.1% of total area. The population of Lal Lal in 2011 was 600 people. By 2016 the population was 470 showing a population decline of 21.7% in the area during that time. The predominant age group in Lal Lal is 50-59 years. Households in Lal Lal are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Lal Lal work in a trades occupation. In 2011, 94.5% of the homes in Lal Lal were owner-occupied compared with 94.9% in 2016..

Lal Lal has 350 properties. Over the last 5 years, Houses in Lal Lal have seen a 106.21% increase in median value, while Units have seen a -62.49% decrease. As at 31 October 2024:

  • The median value for Houses in Lal Lal is $991,978 while the median value for Units is $565,315.
There are currently 5 properties listed for sale, and no properties listed for rent in Lal lal on OnTheHouse. According to CoreLogic's data, 9 properties were sold in the past 12 months in Lal lal.

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Ray White Ballarat
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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.