191 Gehreys Lane Kilmore $5,400,000 - $5,900,000

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191 Gehreys Lane, Kilmore VIC 3764

$5,400,000 - $5,900,000

Search Band Search Visibility Band

$5M - $6M High Confidence Calculated based on strong search observations.

House 4 Beds 2 Baths 2.96 acres

Listed: 19th Jul 2026

Updated: 59 days ago

Overview

This substantial land-banking opportunity in Kilmore offers a rare chance to invest in a 29.6-acre property situated within an identified future development zone under the Kilmore Structure Plan. The generous acreage is complemented by an existing four-bedroom dwelling, providing immediate potential for living or rental income, alongside long-term growth prospects subject to council approvals.

Positioned approximately 59 km from Melbourne’s CBD and 55 km from the airport, the property enjoys a strategic location with easy access to urban conveniences while retaining a desirable rural lifestyle setting.

Characterised by farming zoning and incorporated in the Kilmore Structure Plan adopted in 2016, this site stands as a blue-chip prospect for forward-thinking buyers. Rental income of about $3,476 per month adds a productive element to the investment profile, enhanced by the surrounding area's anticipated population growth—from around 64,000 currently to an estimated 221,000 by 2046—increasing demand and future value.

Proximity to essential amenities enriches the lifestyle appeal. Kilmore Primary School, Assumption College, health services, shopping precincts including Woolworths and ALDI, major food outlets, and recreational facilities such as golf and racing clubs are all within short driving distances. Additionally, transport options like the Kilmore East Railway Station connect residents conveniently to broader metropolitan areas.

Ideal for investors seeking solid land-banking prospects or developers eyeing future subdivision potential, this offering balances immediate utility and long-term versatility. Prospective purchasers are advised to carry out independent due diligence to fully appreciate the property’s potential and any planning contingencies.

Local Market Insights

In Kilmore, Quiet Listings observed 22 new houses entering the market over the last 30 days, down from 24 during the previous 30-day period, with an average advertised asking price of $751,727. The property type mix of listed properties is predominantly Houses at 88%, followed by land (8%), and units (4%). The most active agency for houses in the Kilmore area is currently Buxton Real Estate Group, representing 32% of new listings, followed by Wilson Partners with 27%. 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.