FOR SALE
NEW PRICE - $325,000

3B Bank Street
Lara VIC 3212

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 683m2
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A 683m2 Allotment, in the heart of Lara!

683m2 of land is currently up for grabs and given the allotment sizes in new land subdivisions now ranging anywhere from 300m2 - 500m2, this parcel is rare. This allotment represents exceptional value, especially when you consider the price per square meter. The allotment is also expected to increase in value dramatically given you're purchasing near the bottom of the market, with the Lara West Precinct Structure Plan likely to underpin incredible price growth in the coming years.
Contact us to learn more about why Lara is such an obvious investment choice. If you are looking to build a brand new home in central Lara, with walking distance to the schools, shops, swimming pool and all the local facilities, then this is for you!
The land is fully fenced, serviced and is complete with a cross over and plenty of space to include a shed for boats, vans and cars? This is an opportunity not to miss.
Call Nathan Loutit in 0407 880 925 to book your onsite inspection.
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Property Details for 3b Bank St, Lara

Building Type
Land
Land Size
683m2

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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, 449 properties were sold in the past 12 months in Lara.

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Nathan Loutit
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