SOLD
Sold on 02 Apr 2024 for $1,050,000

5 Apollo Drive
Lara VIC 3212

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 22100m2
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Property Details for 5 Apollo Dr, Lara

Building Type
Land
Land Size
22100m2
Local Government
Greater Geelong
Lot/Plan
21/LP117290

Last Listing description (October 2024)

This exceptional parcel of land offers unparalleled investment potential as Lovely Banks evolves into a premier town center. Nestled in the vibrant Geelong North region, this property combines a unique character with outstanding accessibility.

Property Highlights:

Expansive Land Area: 2.24 hectares (5 acres) of prime land

Strategic Location: Just off Bacchus Marsh Road, providing easy access to major routes
Income Potential: Currently generating rental income from horse paddocks, approximately $10,000 per annum
Future Vision: Part of the Lovely Banks PSP and within the Employment Investigation Area

Convenient Access:
2-minute drive to the freeway
Short drive to Lara and Geelong amenities
Minutes from Avalon Airport
Easy connectivity to Geelong and Melbourne via the Princes Freeway and public transport
Nearby Attractions: Close to the Geelong Foreshore and existing local amenities .

Whether you envision building your dream home or seeking a lucrative investment opportunity, this property offers a blend of charm and potential in a rapidly growing area. Don't miss your chance to be part of this exciting development.

Feel free to call , for further details ...

Disclaimer: While every effort has been made to ensure the accuracy of the information provided in this document, Luxury Real Estate Agents accepts no responsibility and disclaims all liability for any errors, omissions, inaccuracies, or misstatements. Prospective purchasers are advised to conduct their own inquiries and verify the information contained herein. Additionally, it is recommended that purchasers refer to the due diligence checklist provided by Consumer Affairs, available at http://www.consumer.vic.gov.au/.

Property History for 5 Apollo Dr, Lara, VIC 3212

A timeline of how this property has performed in the market
Last Sold
$1,050,000
02 Apr 2024
Listed for Rent
$249/w
22 Jun 2022
  • 30 Aug 2024
    Listed for Sale PLEASE CONTACT AGENT
  • 02 Apr 2024
    Sold for $1,050,000
  • 19 Jan 2021
    Listed for Rent - Price not available
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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 10,765 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.
There are currently 111 properties listed for sale, and 22 properties listed for rent in Lara on OnTheHouse. According to CoreLogic's data, 454 properties were sold in the past 12 months in Lara.

Suburb Insights for Lara 3212

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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.