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Overview
This vacant block of land, measuring 1,800 square meters, presents a unique development opportunity in the thriving area of Lovely Banks. Located in an excellent position, the property offers an enduring rural outlook along Geelong's north-west boundary, providing a serene environment while being conveniently accessible. Immediate access to the ring road ensures an easy commute to Melbourne as well as the nearby Surf Coast.
The land is situated within the General Residential Zone, offering versatile potential for investors and developers. Possible development options include residential multi-dwelling projects and a variety of commercial uses, subject to local council approval. This flexibility makes the site highly attractive for various development strategies.
Lovely Banks is an established and welcoming community, well-served by nearby local amenities. These include educational institutions, shopping centers, health services, and recreational facilities, all within easy reach. Additionally, the area is poised for growth and improvement, with anticipated infrastructure development set to enhance the community and its desirability even further.
The property’s potential is underscored by the current strong performance of the Geelong property market, offering an exceptional chance to invest in a prime piece of land that is suitable for development or holding as a valuable asset. Whether for residential estate projects or suitable commercial ventures, this block provides a rare and valuable opportunity to acquire a site with strong prospects for future growth and development in a sought-after location.
Investors and developers alike will appreciate the combination of the property’s location advantages, zoning flexibility, and local community support, all contributing to its appeal as a promising development site. Its proximity to major transport routes, natural surroundings, and established amenities creates a well-rounded offering that meets the needs of a variety of development initiatives.
In summary, this 1,800 square meter block in Lovely Banks provides a significant opportunity to secure a versatile site in a sought-after region, with excellent access and potential for multiple uses. The land presents a compelling prospect for those looking to capitalize on the growth of the area and the expanding Geelong property market.
Local Market Insights
In Warrnambool And South West, Quiet Listings observed 157 new parcels of land entering the market over the last 30 days, up from 53 during the previous 30-day period, with an average advertised asking price of $550,089. The property type mix of listed properties is predominantly Houses at 56%, followed by land (28%), and units (5%). Ray White was the most active agency in this area, representing 23.1% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Lovely Banks VIC 3213
Market Insights for Lovely Banks VIC 3213
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
