OFF MARKET

12-14 Young Street
Lara VIC 3212

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Land area: 1313m2
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Property Details for 12-14 Young St, Lara

12-14 Young St, Lara is a 3 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 1313m2. While the property is not currently for sale or for rent, it was last sold in June 2023.

Building Type
House
Land Size
1313m2
Local Government
Greater Geelong
Lot/Plan
1/PS312072

Last Listing description (August 2023)

This unique opportunity offering 1,320m2 of General Residential development land with a 3 bedroom, 2 bathroom home in a perfect location will be one of the best acquisitions any savvy homeowner or investor will ever make.

Positioned in a prime location & within close proximity to the shopping centre, medical facilities, Lara train station, schools, Serendip Sanctuary, and the You Yangs where you will find great walking & bike tracks.

Features include three bedrooms, two living areas, one with a ceiling fan and gas heater, two bathrooms, the main bathroom with single vanity, shower over bath and a separate toilet in the laundry and the second bathroom with a single vanity and shower. The kitchen has laminated flooring, a dishwasher, gas cooktop, electric oven, a walk-in pantry, and a ceiling fan.

Outside is a single garage with shelving plus a workshop, two garden sheds and drive-through access to the backyard where you will find plenty of space to store a caravan, trailer and more.

A great opportunity with the potential to subdivide (STCA) whilst renting out the original home, this property would make a great addition to your investment portfolio or someone wanting to call it home.

Features:
1,320m2 Block
3 Bedrooms
2 Living
Single Garage
2 Garden Sheds
Workshop
Potential To Subdivide (STCA)
GRZ1 - prime general residential development site

*Every precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the vendor or agent.*

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Property History for 12-14 Young St, Lara, VIC 3212

A timeline of how this property has performed in the market
Last Sold
$785,000
29 Jun 2023
  • 29 Jun 2023
    Sold for $785,000
  • 11 Oct 2022
    Listed for Sale $820,000

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About 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 10,766 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.
There are currently 110 properties listed for sale, and 20 properties listed for rent in Lara on OnTheHouse. According to CoreLogic's data, 461 properties were sold in the past 12 months in Lara.

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