OFF MARKET

8 Magnetic Drive
Alfredton VIC 3350

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 512m2
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Last updated 7 Oct 2024
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Property Details for 8 Magnetic Dr, Alfredton

Building Type
Land
Land Size
512m2
Local Government
Ballarat
Lot/Plan
442/PS727807

Last Listing description (October 2024)

Nestled within the esteemed Insignia Estate, this exceptional property presents a rare chance to secure one of the last vacant blocks of land in the area. Boasting a generous size of approximately 512m2 with a 16-metre frontage, this parcel offers an ideal canvas for your dream home.

With title already secured, take advantage of the opportunity to commence your home-building journey immediately.

Surrounded by high-quality homes, this property promises a neighborhood defined by elegance and sophistication.
Enjoy ample space with approximately 512m2 of prime real estate, offering plenty of room for your dream home and outdoor amenities.
All essential services are readily available, including water, electricity, and gas, streamlining the building process.
Benefit from the convenience of kerb and channelling already in place, ensuring a seamless transition to construction.
Conveniently located near parklands and the esteemed Ballarat Golf Course, offering opportunities for leisure and recreation.
Enjoy the serenity of being within walking distance to the picturesque Lake Wendouree, perfect for morning strolls and outdoor activities.
Just a short drive away from the bustling Ballarat CBD, providing access to a plethora of dining, shopping, and entertainment options.
Close proximity to a variety of reputable schools ensures convenience and peace of mind for families with children.
Contact Sean today for further details

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Property History for 8 Magnetic Dr, Alfredton, VIC 3350

A timeline of how this property has performed in the market
Last Sold
$460,000
19 Feb 2021
  • 25 Oct 2024
    Listed for Sale $525,000 - $550,000
  • 28 Feb 2024
    Listed for Sale $525,000 - $550,000
  • 19 Feb 2021
    Sold for $460,000
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About Alfredton 3350

The size of Alfredton is approximately 7.9 square kilometres. It has 11 parks covering nearly 12.3% of total area. The population of Alfredton in 2011 was 7,194 people. By 2016 the population was 9,228 showing a population growth of 28.3% in the area during that time. The predominant age group in Alfredton is 10-19 years. Households in Alfredton are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Alfredton work in a professional occupation. In 2011, 75.9% of the homes in Alfredton were owner-occupied compared with 70.6% in 2016.

Alfredton has 6,139 properties. Over the last 5 years, Houses in Alfredton have seen a 28.13% increase in median value, while Units have seen a 32.03% increase. As at 30 September 2024:

  • The median value for Houses in Alfredton is $639,387 while the median value for Units is $345,613.
  • Houses have a median rent of $460 while Units have a median rent of $350.
There are currently 85 properties listed for sale, and 20 properties listed for rent in Alfredton on OnTheHouse. According to CoreLogic's data, 260 properties were sold in the past 12 months in Alfredton.

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