OFF MARKET

Diamonds Lane
Lal Lal VIC 3352

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 137300m2
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Property Details for Lot 2 Diamonds Lane, Lal Lal

Building Type
Land
Land Size
137300m2
Local Government
Moorabool

Last Listing description (May 2015)

Offering lovely views this 49.58HA allotment has an as of right to build with an elevated building envelope allowing for the construction of a dwelling that would take in glorious views of Mt Buninyong and surrounding districts. Situated at the end of a country lane in a very quiet area mains power could be accessed (quote held) but solar and or wind power generation would be equally effective for someone wanting to establish a self-sufficient property off the grid . The property is well fenced and has approx 46.66 acres of blue gums in their second year of coppice growth which will provide an income in the future, a dam, old wool shed and improved pasture across the rest with rye/ clover mix and Munash history. Being only 20 minutes to Ballarat and Ballan or 50 minutes to Geelong it's ideally located for access to the conveniences of major centres. Vendor leases the land for stock @ $5 per head per week for cattle and 50c per head per week for sheep.
(Adjoining 40.10HA also available at $299,000)

Property History for Lot 2 Diamonds Lane, Lal Lal, VIC 3352

A timeline of how this property has performed in the market
  • 21 Apr 2015
    Listed for Sale $325,000

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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 349 properties. Over the last 5 years, Houses in Lal Lal have seen a 118.22% increase in median value, while Units have seen a -62.49% decrease. As at 30 November 2024:

  • The median value for Houses in Lal Lal is $948,675 while the median value for Units is $303,074.
There are currently 4 properties listed for sale, and no properties listed for rent in Lal lal on OnTheHouse. According to CoreLogic's data, 11 properties were sold in the past 12 months in Lal lal.

Suburb Insights for Lal Lal 3352

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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.