115-117 Archimedes AvenueLara VIC 3212
Property Details for 115-117 Archimedes Ave, Lara
Last Listing description (April 2024)
EXPRESSIONS OF INTEREST INVITED
What an Opportunity!
Abounding residential homes in the Lara central township, we are pleased to offer two substantial land parcels presenting a fantastic opportunity to secure one of the parcels or both for subdivision (stca).
Being part of a proposed Residential development with Planning permits already in process, this is a golden opportunity at entry level.
On offer is:
1. 103-113 Archimedes Ave Lara - 3 acre allotment
2. 115-117 Archimedes Ave Lara - 6.4 acre allotment
Lara has seen substantial growth and development in recent years and currently being in Geelong's growth corridor with a high demand for residential allotments.
Just 45 minutes to Melbourne CBD and 15 minutes to Geelong, Lara is perfectly located between Geelong and Melbourne.
All stated dimensions and areas are approximate. Particulars herein are for information only and do not constitute representation by the Owner or Agent
Property History for 115-117 Archimedes Ave, Lara, VIC 3212
- 18 Feb 2024Sold for $1,250,000
- 01 Mar 2019Listed for Sale $1,900,000-$2,090,000
- 06 Sep 2016Listed for Sale Terry Cleary, Ray White Lara.
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0About Lara 3212
The size of Lara is approximately 89.5 square kilometres. It has 45 parks covering nearly 6.7% of total area. The population of Lara in 2011 was 13,845 people. By 2016 the population was 16,375 showing a population growth of 18.3% in the area during that time. The predominant age group in Lara is 40-49 years. Households in Lara are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lara work in a professional occupation. In 2011, 76.8% of the homes in Lara were owner-occupied compared with 75.1% in 2016.
Lara has 10,765 properties. Over the last 5 years, Houses in Lara have seen a 29.28% increase in median value, while Units have seen a 25.52% increase. As at 31 October 2024:
- The median value for Houses in Lara is $709,289 while the median value for Units is $448,451.
- Houses have a median rent of $550 while Units have a median rent of $430.
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