400 Old Melbourne RoadBallan VIC 3342
Property Details for 400 Old Melbourne Rd, Ballan
400 Old Melbourne Rd, Ballan is a 3 bedroom, 2 bathroom House and was built in 1934. The property has a land size of 48800m2 and floor size of 308m2. While the property is not currently for sale or for rent, it was last sold in November 2008.
Last Listing description (November 2023)
YPA HUME CITY are proud to present this landmark Ballan Property for Sale Via Expressions of Interest, closing 18th of December 2023.
Situated within easy walking distance to Ballan train station (1.2k) and all town centre amenities ( Shops/ Supermarket, Medical Centre/ Gym/ Retirement village/ Hospital (800m). The property also benefits from its close access to the Western Freeway, which connects residents to Ballarat (30 mins), Bacchus Marsh (15 mins), Melbourne (70 mins), Geelong (60 mins) and Daylesford (25 mins).
Prominently positioned, the property enjoys an unusual vista with stunning, elevated views of the Werribee Creek/River and includes access to all town services including internet, phone, electricity, town gas, town water, sewerage along with solar power and an unmetered water bore (a valuable commodity today).
A charming, large historic double storey original homestead features, 3 generous bedrooms (including master suite), 2 bathrooms, 2 living areas, a separate dining room, a sunroom and an extensive attic space suitable as a studio, office or gym, or as additional bedrooms with most rooms in the home looking out to extensive gardens. The studio exhibits the stunning natural light of garden vistas and the home is afforded a rare level of privacy today. The property reveals boundless opportunities for the discerning buyer or the astute investor or developer.
This is truly an opportunity to purchase a highly sought after lifestyle property located within a growing popular country village environment, just 70 minutes commutable distance from the Melbourne CBD either by car or regular train services.
The property is located within Precinct 5 of the Ballan Strategic Directions plan which identified a need for over 1500 lots in Ballan in the next 20 years and designates the land as of a predominantly residential usage. Rezoning processes are currently in progress given the substantive interest in the area. Given the currently proposed planning density of the Ballan Strategic Directions, the property would suit a yield of circa 30 residential lots (STPA). The property may also suit those looking to establish specialist in demand commercial facilities such as medical premises etc. (STCA).
* 4.88HA approx.
* Suit 30 Allotments (STCA)
Inspection of the property is a must for the discerning lifestyle buyer/developer/ Investor.
Inspection Strictly by Appointment Only.
** Please contact Alex Jaffar 0424242737
Property History for 400 Old Melbourne Rd, Ballan, VIC 3342
- 28 Nov 2023Listed for Sale Not Disclosed
- 16 Dec 2021Listed for Sale $3,000,000 - $3,300,000
- 20 Aug 2015Listed for Sale $1,950,000 - $2,200,000
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About 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 2,212 properties. Over the last 5 years, Houses in Ballan have seen a 24.40% increase in median value, while Units have seen a 10.35% increase. As at 31 July 2024:
- The median value for Houses in Ballan is $633,446 while the median value for Units is $388,916.
- Houses have a median rent of $450 while Units have a median rent of $380.
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