SOLD
Sold on 07 Jun 2024 for $690,000

48 Cinnamon Drive
Lake Gardens VIC 3355

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 124m2
Land area: 375m2
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Property Details for 48 Cinnamon Dr, Lake Gardens

48 Cinnamon Dr, Lake Gardens is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 375m2 and floor size of 124m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 3 bedroom House sold in Lake Gardens in the last 12 months.

Building Type
House
Floor Size
124m2
Land Size
375m2
Local Government
Ballarat
Lot/Plan
60/PS733458

Last Listing description (June 2024)

This lovely home, on approx. 375m2 is a well-considered design. With three spacious bedrooms and two modern bathrooms, it's perfect for first-time home buyers, or those looking to downsize.

An outstanding lakeside location, 5 minutes walk to the foreshore of Lake Wendouree and even less to the beautiful surrounds of the Botanical Gardens.

The home boasts a perfect north orientation, ensuring the living room is bathed in natural light and provides a delightful view of the established gardens and alfresco area. The timeless colour schemes throughout the home add a touch of calm and elegance.

Higher ceilings throughout, external blinds, great storage, stainless steel 900mm Smeg appliances are additional upgrades and inclusions in this home.

Comfort is assured year-round with ducted heating and cooling, complemented by ceiling fans in the bedrooms. Freshly painted and neat as a pin, with a beautifully maintained garden, making it an ideal choice for a low maintenance lifestyle.

Property History for 48 Cinnamon Dr, Lake Gardens, VIC 3355

A timeline of how this property has performed in the market
Last Sold
$690,000
07 Jun 2024
  • 07 Jun 2024
    Sold for $690,000
  • 16 May 2024
    Listed for Sale $685,000 - $715,000
  • 14 Aug 2017
    Sold for $185,000

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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 933 properties. Over the last 5 years, Houses in Lake Gardens have seen a 30.24% increase in median value, while Units have seen a -2.54% decrease. As at 31 October 2024:

  • The median value for Houses in Lake Gardens is $814,438 while the median value for Units is $508,560.
  • Houses have a median rent of $460.
There are currently 6 properties listed for sale, and 4 properties listed for rent in Lake gardens on OnTheHouse. According to CoreLogic's data, 29 properties were sold in the past 12 months in Lake gardens.

Suburb Insights for Lake Gardens 3355

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.