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Sold on 25 Oct 2023 for $525,000

7 Teatree Lane
Wallan VIC 3756

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 465m2
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Property Details for 7 Teatree Lane, Wallan

7 Teatree Lane, Wallan is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 465m2. While the property is not currently for sale or for rent, it was last sold in October 2023. There are other 4 bedroom House sold in Wallan in the last 12 months.

Building Type
House
Land Size
465m2
Local Government
Mitchell
Lot/Plan
153/PS648260

Last Listing description (October 2023)

This home would suit a first-home buyer or down-sizer looking for a well presented property with modern features and a low-maintenance yard.
The house is really well positioned being close to several reserves and playgrounds and is only a short drive to the main street of Wallan.
With four good sized bedrooms, all with robes, the master has a walk-in robe and an ensuite bathroom, and the other three bedrooms are serviced by a full family bathroom and a separate toilet.

The kitchen is a good size with a gas cooktop, electric oven, good bench space and plenty of room for all of your kitchen essentials. The adjoining meals area and living room are also a good size and have a great aspect out to the rear garden.
The grassy rear yard is spacious and has plenty of room for your kids to play and for your pets to run around
For your vehicles there is a two car garage with internal access plus good off-street parking.
The house also features gas ducted heating, split-system air-conditioner and a gas boosted hot water system.
You are also close to the two local primary schools, the local high school, several child-care centres, the local medical centre, supermarkets, shops, restaurants and cafes.
Wallan is one of the most popular locations in the Northern corridor with established services and infrastructure and great access to the Melbourne via the Hume Freeway or the V/Line train.

Property History for 7 Teatree Lane, Wallan, VIC 3756

A timeline of how this property has performed in the market
Last Sold
$525,000
25 Oct 2023
Listed for Rent
11 Mar 2016
  • 08 Oct 2023
    Sold for $525,000
  • 14 Aug 2023
    Listed for Sale $530,000 - $560,000
  • 21 Jan 2016
    Listed for Rent - Price not available
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About Wallan 3756

The size of Wallan is approximately 69.7 square kilometres. It has 13 parks covering nearly 0.6% of total area. The population of Wallan in 2011 was 8,502 people. By 2016 the population was 11,064 showing a population growth of 30.1% in the area during that time. The predominant age group in Wallan is 0-9 years. Households in Wallan are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Wallan work in a trades occupation. In 2011, 80.8% of the homes in Wallan were owner-occupied compared with 77.8% in 2016.

Wallan has 9,743 properties. Over the last 5 years, Houses in Wallan have seen a 33.93% increase in median value, while Units have seen a 36.02% increase. As at 31 July 2024:

  • The median value for Houses in Wallan is $652,483 while the median value for Units is $458,671.
  • Houses have a median rent of $450 while Units have a median rent of $420.
There are currently 184 properties listed for sale, and 19 properties listed for rent in Wallan on OnTheHouse. According to CoreLogic's data, 390 properties were sold in the past 12 months in Wallan.

Suburb Insights for Wallan 3756

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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.