Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.
Overview
This prime property presents a unique opportunity in the highly sought-after area of Mount Clear, Ballarat. It is a commanding corner allotment situated on Geelong Road, zoned Residential 1, offering exceptional versatility and potential for developers, investors, or land-bankers.
The allotment is of generous proportions with dual street frontages, a feature that adds practical convenience and design flexibility that is rare to find in conventional blocks. The Residential 1 zoning permits a range of development outcomes. Potential projects include boutique townhouse developments or well-considered multi-dwelling developments, subject to council approval (STCA). Another option is to retain the existing consulting rooms or office located on the corner, benefiting from extensive on-site parking.
Positioned in the well-established and popular suburb of Mount Clear, this property benefits from its proximity to key educational institutions including Federation University, Damascus College, and Mount Clear College, as well as a range of primary schools. This demographic ensures continued strong rental demand in the area.
Residents will enjoy convenient access to the Midvale shopping precinct and local medical services. The property also boasts easy arterial access to Ballarat's Central Business District, enhancing its desirability for future tenants or homeowners.
This land parcel represents a diminishing commodity in Ballarat, especially for corner blocks with dual access and flexible development opportunities. It offers excellent potential with a variety of options suitable for a range of buyers from developers to investors or owner-occupiers seeking a premium location with development upside.
Overall, this is a rare chance to secure a prominent residential land holding in a prime locale, benefiting from excellent schooling options, amenities, and connectivity. Priced in the range of $500,000 to $550,000 plus GST, interested parties are advised to act promptly to explore the full potential this property offers.
Local Market Insights
In Mount Clear, Quiet Listings observed 128 new houses entering the market over the last 30 days, down from 184 during the previous 30-day period, with an average advertised asking price of $788,391. The property type mix of listed properties is predominantly Houses at 78%, followed by commercial properties (7%), and land (5%). Ballarat Real Estate Pty Ltd is the only agency with property listings monitored during the period. 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
Mount Clear VIC 3350
Market Insights for Mount Clear VIC 3350
Other properties in this postcode
