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Sold on 31 Aug 2024 for $1,050,000

16-23 Baycrest Close
Lovely Banks VIC 3213

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 5.4ac
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Property Details for 16-23 Baycrest Cl, Lovely Banks

Building Type
Land
Land Size
5.4ac
Local Government
Greater Geelong
Lot/Plan
40/PS449170

Last Listing description (August 2024)

Immerse yourself in the beauty of rural living, with this expansive block allotment nestled on top of a serene hill just moments from the Geelong city centre. Regarded as one of the largest rural living allotments in the locale, this generously sized plot covers an impressive 5.4 acres of fairly flat terrain. Awake to breathtaking views of Geelong and enjoy the tranquillity of this semi-rural destination boasting farm animals and neighbourly charm. This incredible allotment offers you the freedom to design your dream home to suit your lifestyle aspirations, with three street frontages. Capture the essence of country living with sprawling gardens, ample outdoor living spaces, or even establishing a hobby farm. Location is the cherry on this high-value property; it is strategically positioned right next door to Urban Growth Zoned land which will be part of Geelong's Northern Growth Area and future residential suburb. From here you can easily access to the Ring Road, it is also a 5 minute drive from various conveniences and amenities (including quality schools, shopping centres and bus stops) and just minutes away from the heart of Geelong and the prized waterfront. This sizeable allotment has established neighbours, adding a comforting sense of community. The land itself offers ample space for a sprawling family home, promising a shift to the calm and peaceful side of life away from the hustle and bustle.... For now! The possibilities are endless on this blank canvas waiting for your creativity.

Due Diligence checklist are available at www.consumer.vic.gov.au/duediligencechecklist

Property History for 16-23 Baycrest Cl, Lovely Banks, VIC 3213

A timeline of how this property has performed in the market
Last Sold
$1,050,000
31 Aug 2024
  • 31 Aug 2024
    Sold for $1,050,000
  • 22 Jul 2024
    Listed for Sale $1,050,000
  • 19 Oct 2009
    Sold for $357,500
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About Lovely Banks 3213

The size of Lovely Banks is approximately 29.9 square kilometres. It has 4 parks covering nearly 0.4% of total area. The population of Lovely Banks in 2011 was 2,218 people. By 2016 the population was 2,296 showing a population growth of 3.5% in the area during that time. The predominant age group in Lovely Banks is 10-19 years. Households in Lovely Banks are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lovely Banks work in a trades occupation. In 2011, 82.5% of the homes in Lovely Banks were owner-occupied compared with 79.9% in 2016.

Lovely Banks has 1,283 properties. Over the last 5 years, Houses in Lovely Banks have seen a 37.06% increase in median value, while Units have seen a 42.90% increase. As at 30 September 2024:

  • The median value for Houses in Lovely Banks is $597,792 while the median value for Units is $376,311.
  • Houses have a median rent of $570 while Units have a median rent of $375.
There are currently 16 properties listed for sale, and no properties listed for rent in Lovely banks on OnTheHouse. According to CoreLogic's data, 40 properties were sold in the past 12 months in Lovely banks.

Suburb Insights for Lovely Banks 3213

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Joe Grgic
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Shane King
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Harcourts North Geelong
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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.