165 Patullos Road
Lara, VIC 3212

Overview

Prime 4-Acre Corner Development Opportunity in Lara West PSP

This property at 165 Patullos Road, Lara VIC 3212 represents a rare and strategic landholding situated within the highly sought-after Lara West Precinct Structure Plan (PSP). Spanning approximately 4 acres or 16,200 square meters, this premium Urban Growth Zone (UGZ) site offers exceptional potential for future residential development, subject to council approval (STCA). It is an ideal acquisition for developers, land bankers, and investors aiming to capitalize on one of Victoria's fastest-growing corridors.

Key highlights of this offering include a substantial 4-acre parcel of prime developable land, located within the approved Lara West PSP. The site is zoned Urban Growth Zone (UGZ), indicating future residential potential. It is a corner allotment with dual frontage totaling approximately 252.3 meters, providing flexible development options due to its corner positioning. The property is surrounded by established and emerging residential communities, enhancing its appeal and potential value.

Strategically positioned in the heart of Lara's growth corridor, the property benefits from significant surrounding development momentum. It is conveniently located just minutes from Lara township, schools, and shopping amenities. The Lara Train Station is approximately 5 minutes away, offering direct access to Melbourne and Geelong. The site also enjoys easy connectivity to Geelong CBD and Melbourne via the Princes Freeway, and is in close proximity to Avalon Airport. Nearby key amenities include schools, shopping centers, and recreational facilities.

The site is directly adjacent to some of the region's most recognized residential estates, including Lara Lakes by Bisinella, Villawood Coridale, Austin Estate, and Parkview Lara. These developments underscore the area's transformation into a thriving residential hub, which is expected to enhance the long-term value of this landholding.

From an investment perspective, the property represents a prime infill development or land banking opportunity. With residential development already established next door and major infrastructure supporting population growth, the corner configuration allows for efficient subdivision design and multiple access points, subject to council approval. This maximizes yield potential and offers flexibility for future development plans.

Opportunities of this scale, location, and flexibility are increasingly rare in the current market. Whether the intention is to develop immediately or hold for future upside, 165 Patullos Road offers a compelling proposition in a rapidly evolving market.

Prospective buyers are encouraged to conduct their own due diligence. A due diligence checklist for home and residential property buyers is available at www.consumer.vic.gov.au/duediligencechecklist.

Location