OFF MARKET

2 Faversham Avenue
Lake Gardens VIC 3355

Bedrooms: 5
Bathrooms: 2
Car spaces: 3
Land area: 827m2
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Last updated 16 Sep 2024
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Property Details for 2 Faversham Ave, Lake Gardens

2 Faversham Ave, Lake Gardens is a 5 bedroom, 2 bathroom House with 3 parking spaces. The property has a land size of 827m2. While the property is not currently for sale or for rent, it was last sold in December 2015.

Building Type
House
Land Size
827m2
Local Government
Ballarat
Lot/Plan
138/PS425728

Last Listing description (December 2018)

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Situated in the ever popular Lake Gardens is this large 5 bedroom family home, which is within close proximity to Lake Wendouree, schools, shops and public transport.

Master bedroom features WIR and ensuite, and BIR's to remaining rooms. Open plan kitchen, living and meals area plus 2nd separate living at the front of the home. The main bathroom features spa bath, shower and vanity with separate toilet. Externally there is a pergola and established gardens with garden shed and a double lock up garage. Other features include central heating, ducted vacuum system and walk in pantry. Cooling is also being installed.

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Property History for 2 Faversham Ave, Lake Gardens, VIC 3355

A timeline of how this property has performed in the market
Last Sold
$461,000
12 Dec 2015
Listed for Rent
$410/w
27 Nov 2018
  • 20 Nov 2018
    Listed for Rent $410 / week
  • 27 Apr 2016
    Listed for Rent $400 / week
  • 12 Dec 2015
    Sold for $461,000
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About Lake Gardens 3355

The size of Lake Gardens is approximately 1.2 square kilometres. It has 3 parks covering nearly 17.1% of total area. The population of Lake Gardens in 2011 was 1,665 people. By 2016 the population was 1,708 showing a population growth of 2.6% in the area during that time. The predominant age group in Lake Gardens is 10-19 years. Households in Lake Gardens are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lake Gardens work in a professional occupation. In 2011, 69.6% of the homes in Lake Gardens were owner-occupied compared with 68% in 2016.

Lake Gardens has 932 properties. Over the last 5 years, Houses in Lake Gardens have seen a 31.42% increase in median value, while Units have seen a 9.06% increase. As at 31 August 2024:

  • The median value for Houses in Lake Gardens is $813,009 while the median value for Units is $493,504.
  • Houses have a median rent of $460.
There are currently 7 properties listed for sale, and 1 property listed for rent in Lake gardens on OnTheHouse. According to CoreLogic's data, 35 properties were sold in the past 12 months in Lake gardens.

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