OFF MARKET

25 Caddys Road
Lara VIC 3212

Bedrooms: 3
Bathrooms: 1
Car spaces: 4
Floor area: 120m2
Land area: 1342m2
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Property Details for 25 Caddys Rd, Lara

25 Caddys Rd, Lara is a 3 bedroom, 1 bathroom House with 4 parking spaces and was built in 1950. The property has a land size of 1342m2 and floor size of 120m2. While the property is not currently for sale or for rent, it was last sold in April 2019.

Building Type
House
Year Built
1950
Floor Size
120m2
Land Size
1342m2
Local Government
Greater Geelong
Lot/Plan
5/PS802079

Last Listing description (October 2024)

Nestled within the Lara Central Estate, this property presents an unparalleled opportunity for astute developers. Boasting approved plans for four meticulously designed townhouses, the 1,343sqm parcel of land offers an expansive canvas for visionary projects. With an impressive 29.8-meter frontage, this prime development site promises boundless potential.

Currently gracing the land is a charming Edwardian home, epitomizing timeless elegance and functionality. Featuring three bedrooms, each with built-in robes, alongside a versatile study/storage room. The spacious kitchen, equipped with electric cooking, dishwasher, and ample storage, seamlessly integrates with the adjoining dining area and living space, complete with a fireplace, split system A/C, and sunroom for relaxation. A large family bathroom, ducted heating, and cathedral ceilings in the expansive family/rumpus room further enhance the appeal of this residence.
Completing the picture, a double carport and an expansive 9m x 5m garage cater to practical needs, while preserving the potential for development. Embrace the opportunity to shape the future of this esteemed locale, where heritage charm meets modern innovation.

- Under 5 mins to Lara Village Shopping Centre and The Centreway shopping strip
- Under 5 mins to Lara Train Station
- 2 minute drive/12 minute walk to Serendip Sanctuary
- Within Lara Central Estate enjoy many walking trails with water views connecting up to The Kevin Hoffman Walk
- Lara Primary School at the end of the Road, & Lara Secondary under 5 mins drive
- Easy highway access with Melbourne under 50 mins away and Geelong CBD under 20 mins.

The current home would attract a rental return of approx. $440-$470 per week in the current market.
The townhouses planned to be built would each return approx. $530-$550pw in the current market.

Contact us today to view a copy of the plans.

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Property History for 25 Caddys Rd, Lara, VIC 3212

A timeline of how this property has performed in the market
Last Sold
$630,000
08 Apr 2019
  • 12 Mar 2024
    Listed for Sale $759,000-$789,000
  • 08 Apr 2019
    Sold for $630,000
  • 16 Jan 2019
    Listed for Sale Sarah Carey First National Lara

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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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