Located 30kms South of Ballarat and only 45mins to Geelong, ever increasingly popular Dereel is this fantastic small acreage (2.8ac or 1.1 ha ).
Zoned Low Density Residential (eligible for a permit to construct a dwelling STCA) this land is flat with Cops of trees, a small dam and a power pole on the property.
It would be ideal as a getaway as it has a gravel all weather road frontage (Savage Hill Rd via Millington's rd), as well as a new cross over and is located only a " stones throw " from Dereel State Park.
The size of Dereel is approximately 59.9 square kilometres. It has 1 park covering nearly 2.3% of total area. The population of Dereel in 2011 was 586 people. By 2016 the population was 536 showing a population decline of 8.5% in the area during that time. The predominant age group in Dereel is 50-59 years. Households in Dereel are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Dereel work in a professional occupation. In 2011, 90.2% of the homes in Dereel were owner-occupied compared with 91.1% in 2016..
Dereel has 517 properties. Over the last 5 years, Houses in Dereel have seen a 79.85% increase in median value. As at 31 October 2024:
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