40 Old Geelong RoadBallan VIC 3342
Property Details for 40 Old Geelong Rd, Ballan
40 Old Geelong Rd, Ballan is a 4 bedroom, 2 bathroom House with 4 parking spaces. The property has a land size of 11012m2 and floor size of 202m2. While the property is not currently for sale or for rent, it was last sold in January 2006.
Last Listing description (March 2023)
Presenting a unique opportunity to invest in an 8-acre property with a 39-lot subdivision and planning permit to commence construction.
This development features a range of block sizes, from 445m2 to 725m2, perfect for a variety of home buyers.
The property is conveniently located within walking distance of shops, schools, parklands, and Ballan train station, providing residents with easy access to all amenities.
With its prime location and potential for a high return on investment, this is an opportunity not to be missed!
Contact
caine@mcfallrealestate.com.au
joe@mcfallrealestate.com.au
Property History for 40 Old Geelong Rd, Ballan, VIC 3342
- 29 Mar 2023Listed for Sale $4,400,000
- 17 Sep 2018Listed for Rent - Price not available
- 02 Feb 2016Listed for Sale Not Disclosed
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0About Ballan 3342
The size of Ballan is approximately 147.2 square kilometres. It has 8 parks covering nearly 4% of total area. The population of Ballan in 2011 was 2,774 people. By 2016 the population was 3,002 showing a population growth of 8.2% in the area during that time. The predominant age group in Ballan is 50-59 years. Households in Ballan are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ballan work in a professional occupation. In 2011, 79.9% of the homes in Ballan were owner-occupied compared with 80.2% in 2016.
Ballan has 2,223 properties. Over the last 5 years, Houses in Ballan have seen a 24.71% increase in median value, while Units have seen a 26.62% increase. As at 31 October 2024:
- The median value for Houses in Ballan is $641,404 while the median value for Units is $431,303.
- Houses have a median rent of $450 while Units have a median rent of $398.
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