OFF MARKET

2001 Coalmine Road
Lal Lal VIC 3352

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 8215m2
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Property Details for 2001 Coalmine Rd, Lal Lal

Building Type
Land
Land Size
8215m2
Local Government
Moorabool

Last Listing description (February 2020)

Perhaps something for the forward thinking investor, this mainly cleared 2.03 Acre (Approx) parcel of land was once part of a short stretch of a railway line used to carry passengers to Lal Lal Racecourse between 1886 and 1938. An affordable investment, agistment or project block and although zoned "Rural Living" it is highly unlikely that a planning permit for the construction of a dwelling can be obtained as the land is situated in a proclaimed catchment area and is proximate to a water course. Lal Lal is 21km South East of Ballarat's CBD and 14 minutes drive from ever popular Buninyong.

Property History for 2001 Coalmine Rd, Lal Lal, VIC 3352

A timeline of how this property has performed in the market
  • 25 Sep 2019
    Listed for Sale $55,000 - $57,000
  • 26 Jun 2017
    Listed for Sale Not Disclosed

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About Lal Lal 3352

The size of Lal Lal is approximately 66.6 square kilometres. It has 1 park covering nearly 14.1% of total area. The population of Lal Lal in 2011 was 600 people. By 2016 the population was 470 showing a population decline of 21.7% in the area during that time. The predominant age group in Lal Lal is 50-59 years. Households in Lal Lal are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Lal Lal work in a trades occupation. In 2011, 94.5% of the homes in Lal Lal were owner-occupied compared with 94.9% in 2016..

Lal Lal has 352 properties. Over the last 5 years, Houses in Lal Lal have seen a 89.89% increase in median value, while Units have seen a -62.49% decrease. As at 30 September 2024:

  • The median value for Houses in Lal Lal is $934,453 while the median value for Units is $577,628.
There are currently 7 properties listed for sale, and no properties listed for rent in Lal lal on OnTheHouse. According to CoreLogic's data, 9 properties were sold in the past 12 months in Lal lal.

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