FOR SALE
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340 Plains Road
Lara VIC 3212

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 586794m2
Land area: 145ac
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145 ACRES STRATEGICALLY LOCATED NEXT TO AVALON EMPLOYMENT PRECINCT

Raine & Horne Land Victoria is proud to present this land parcel of approx. 145 acres in the Farming Zone in one of the fastest growing corridors of Melbourne & in the heart of Lara. Lara is a town in Victoria, 18 km north-east of the Geelong CBD, inland from the Princes Freeway to Melbourne. The Geelong region is growing. According to the G21 Regional Growth Plan there will be more people living, working and visiting the region over the next 40 years. Lara is well-placed to accommodate some of this growth. Together with Armstrong Creek to the south of urban Geelong and parts of the Ballerina, the township of Lara is designated for green field urban growth in the Greater Geelong Planning Scheme.
Strategically located near a soon-to-be-completed station linking to Avalon Airport and the Greater Avalon Employment Precinct, this property offers significant potential for both investors and developers.
Property Features
• Approximately 145 acres (In farming zone)
• Adjacent to Rural Living Zone
• Massive frontage on Plains road
• Part of Avalon Growth Corridor
• Quick Access to Freeway
• 4-minutes drive to Lara station.
• 7-minutes drive to You Yangs Regional Park for outdoor activities
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Property Details for 340 Plains Rd, Lara

Building Type
Commercial
Floor Size
586794m2
Land Size
145ac

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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 10,767 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 110 properties listed for sale, and 20 properties listed for rent in Lara on OnTheHouse. According to CoreLogic's data, 461 properties were sold in the past 12 months in Lara.

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Kevin Paghdar
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Sagar Bhaliya
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Raine & Horne Land Victoria
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