OFF MARKET

5 Balagundi Drive
Lara VIC 3212

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 226m2
Land area: 583m2
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Property Details for 5 Balagundi Dr, Lara

5 Balagundi Dr, Lara is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 583m2 and floor size of 226m2. While the property is not currently for sale or for rent, it was last sold in May 2020.

Building Type
House
Floor Size
226m2
Land Size
583m2
Local Government
Greater Geelong
Lot/Plan
139/PS419123

Last Listing description (August 2020)

Positioned on a generous 586m2 parcel of land in the sort after, peaceful "Lake Lands" is this well presented 4 bedroom home that is only one house away from the stunning park land and walking tracks of the area. The master bedroom has a walk in robe and a full ensuite. The remaining bedrooms are generous in size with built in robes. There is a full bathroom, separate WC, laundry and plenty of storage. The large living room is inviting, it flows through to the light filled, open plan kitchen, meals, family zone. Ducted heating, ducted cooling, split system cooling, quality window coverings add to all year around comfort. There is the double BV garage with internal access. Outside there are private, low maintenance gardens, under cover pergola entertainment area, The solar panels are a 1.5kW PV system, water tanks and watering system. Make use of the walking tracks, public transport, local swimming pool, schools and shops all within walking distance. Lara is only 45 Minutes from Melb CBD With an expected rental return of $470.00PW this would make an ideal investment or place to call home. Call Sarah today to arrange an inspection.

Property History for 5 Balagundi Dr, Lara, VIC 3212

A timeline of how this property has performed in the market
Last Sold
$545,000
14 May 2020
  • 14 May 2020
    Sold for $545,000
  • 10 Feb 2020
    Listed for Sale Sarah Carey First National Real Estate
  • 23 Sep 1999
    Sold for $170,000
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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.

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.