FOR SALE
$340,000 - $360,000

16 Penstone Street
Lara VIC 3212

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 392m2
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Perfectly Positioned Block in Austin.

Located just moments from the proposed Austin Estate Parklands and Reserve, this prime piece of land offers an unbeatable lifestyle of convenience. Lara’s vibrant Town Centre is only a stone’s throw away, with an abundance of shopping, cafés, and local amenities at your doorstep. The soon-to-be-completed Lara West Secondary College, private primary schools, and sports grounds are all within easy reach, making it ideal for families.
For those who commute, Lara Train Station is just a short 5-minute drive, perfect for the busy professional or savvy investor. And with Geelong's city center only 20 minutes away, you’ll enjoy the best of both worlds—peaceful suburban living with quick access to urban conveniences.
Ready to explore the potential of this block and uncover the best building options? Get in touch with Pooja Patel today at 0469 131 347 to understand the possibilities, highlight key considerations, and provide expert advice on maximizing your investment for future resale or rental returns. Don’t miss out on making the most of this opportunity!
*All information offered by Lara Real Estate is provided in good faith. It is derived from sources believed to be accurate and current as at the date of publication and as such Lara Real Estate simply pass this information on. Use of such material is at your sole risk. Prospective purchasers are advised to make their own enquiries with respect to the information that is passed on. Lara Real Estate will not be liable for any loss resulting from any action or decision by you in reliance on the information.
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Property Details for 16 Penstone St, Lara

Building Type
Land
Land Size
392m2

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About Lara 3212

The size of Lara is approximately 89.5 square kilometres. It has 45 parks covering nearly 6.7% of total area. The population of Lara in 2011 was 13,845 people. By 2016 the population was 16,375 showing a population growth of 18.3% in the area during that time. The predominant age group in Lara is 40-49 years. Households in Lara are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lara work in a professional occupation. In 2011, 76.8% of the homes in Lara were owner-occupied compared with 75.1% in 2016.

Lara has 10,774 properties. Over the last 5 years, Houses in Lara have seen a 29.28% increase in median value, while Units have seen a 25.52% increase. As at 31 October 2024:

  • The median value for Houses in Lara is $709,289 while the median value for Units is $448,451.
  • Houses have a median rent of $550 while Units have a median rent of $430.
There are currently 106 properties listed for sale, and 23 properties listed for rent in Lara on OnTheHouse. According to CoreLogic's data, 448 properties were sold in the past 12 months in Lara.

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