FOR SALE
$1,200,000

65 Tower Hill Drive
Lara VIC 3212

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2.02ha
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"Prime 5-Acre Corner Block in Future Growth Corridor – Exceptional Land Banking Opportunity"

Inwest Real Estate are proud to offer this exceptional 5-acre (approximately 2.02 hectares) corner block, ideally located in a future growth corridor. Currently zoned Rural Living Zone, this prime property holds immense potential for land banking and investment, with prospective Employment zoning (STCA). Situated directly opposite a designated Urban Growth Zone (UGZ) earmarked for future employment development within the Geelong Northern growth corridor, this property offers an unparalleled opportunity.
The corner block benefits from two open sides and is just a 10-minute drive from Avalon Airport. Its strategic placement provides convenient access to both Melbourne and Geelong via the Princes Freeway, making it an ideal location for future growth.
With close proximity to essential amenities and in the heart of a rapidly expanding area, this property represents a unique opportunity for discerning investors and land bankers.
For further details, including a Vendor Statement or Contract of Sale, please contact our exclusively appointed agent, Lateef Mohammed, at 0433 568 575. Don’t miss the chance to secure a property perfectly positioned for future growth and success.
Disclaimer: Dimensions and details are approximate and for informational purposes only. Interested parties should conduct their own due diligence before submitting any offers. For the latest Due Diligence Checklist, visit: http://www.consumer.vic.gov.au/duediligencechecklist.

Property Details for 65 Tower Hill Dr, Lara

Building Type
Rural
Land Size
2.02ha

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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 10,769 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, 450 properties were sold in the past 12 months in Lara.

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