SOLD
Sold on 30 Apr 2024 for $3,850,000

531 Cuthberts Road
Cardigan VIC 3352

Bedrooms: 4
Bathrooms: 3
Car spaces: 3
Floor area: 244m2
Land area: 119211m2
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Sold By
Jens Veal Byrne Ballarat
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Property Details for 531 Cuthberts Rd, Cardigan

Building Type
Land
Year Built
1980
Floor Size
244m2
Land Size
119211m2
Local Government
Ballarat
Lot/Plan
3/TP5623

Last Listing description (October 2024)

Developers who are seeking to land bank a sizeable portion of real estate for future use would do well to investigate this parcel of land that is currently in a Farming Zone.

With the inexorable growth in Ballarat's population as well as the subsequent development westwards, we have approximately 28 acres of cleared land, a large dam, and a two-storey family home for your consideration - all within 3 minutes of the Lucas Town Centre, and literally over the road from the Lucas housing development.

Currently rented to a long-term occupant, the home has 4 bedrooms, 3 bathrooms, 3 living zones, a timber kitchen, car accommodation, workshop, ample tank water storage, and good external fencing.

Shops, schools, and numerous family-friendly amenities are already in place and virtually on your doorstep, so this just might be the opportunity you've been waiting would come along, and if so, for further information please call Luke Veal on 0438 302 805

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Property History for 531 Cuthberts Rd, Cardigan, VIC 3352

A timeline of how this property has performed in the market
Last Sold
$3,850,000
30 Apr 2024
Listed for Rent
$400/w
20 Dec 2019
  • 30 Apr 2024
    Sold for $3,850,000
  • 15 Feb 2024
    Listed for Sale $3.5 million
  • 25 Aug 2020
    Listed for Sale $3,000,000 - $3,200,000
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About Cardigan 3352

The size of Cardigan is approximately 36.5 square kilometres. It has 2 parks covering nearly 0.2% of total area. The population of Cardigan in 2011 was 645 people. By 2016 the population was 745 showing a population growth of 15.5% in the area during that time. The predominant age group in Cardigan is 10-19 years. Households in Cardigan are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cardigan work in a professional occupation. In 2011, 92.1% of the homes in Cardigan were owner-occupied compared with 93.2% in 2016.

Cardigan has 744 properties. Over the last 5 years, Houses in Cardigan have seen a 53.17% increase in median value, while Units have seen a -3.94% decrease. As at 30 November 2024:

  • The median value for Houses in Cardigan is $947,773 while the median value for Units is $491,030.
There are currently 14 properties listed for sale, and 1 property listed for rent in Cardigan on OnTheHouse. According to CoreLogic's data, 31 properties were sold in the past 12 months in Cardigan.

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