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Kilmore, Kilmore VIC 3764

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$5M - $6M Medium Confidence Calculated based on our search observations.

House 4 Beds 2 Baths 2 Cars 29.6 acres

Listed: 22nd Aug 2026

Updated: 12 hours ago

Overview

This rare land-banking opportunity is set within the adopted Kilmore Structure Plan investigation area, offering prospective owners an exceptional chance to secure expansive acreage with future development potential, subject to council approval.

Located approximately 59 kilometers from Melbourne's CBD and just over 55 kilometers from Melbourne Airport, Kilmore provides a balance of rural tranquility and convenient access to urban centers, making it ideal for those seeking space without sacrificing connectivity.

At its heart lies a comfortable four-bedroom dwelling accompanied by two bathrooms and parking for two vehicles, accommodating families or investors looking for a habitable asset while awaiting rezoning opportunities.

The property occupies roughly 29.6 acres (approximately 119,817 square meters) of land classified under the farming zone, which hints at potential rezoning and subdivision possibilities, appealing to land developers, investors, or land banking enthusiasts.

Additional practical benefits include existing rental income of around $3,476 per month if applicable, providing immediate financial return alongside long-term capital growth prospects.

The property's locality benefits from close proximity to essential amenities and lifestyle offerings such as Kilmore Primary School, Assumption College, Kilmore Golf Club, multiple dining options including Subway and major fast-food outlets, and various retail options at Kilmore Village, all reachable within minutes by car.
Health services are accessible with Kilmore District Hospital nearby, plus convenient transport options with Kilmore East Railway Station only 10 minutes away.

Given the anticipated population growth forecasted for the Mitchell Shire, this land holding holds strategic significance. Prospective buyers are encouraged to undertake diligent investigations regarding planning and development controls.

This property offers an attractive proposition for families seeking a rural lifestyle, developers anticipating future subdivision potential, and investors aiming for secure land banking in a growth corridor with convenient Melbourne access.

Local Market Insights

In Kilmore, Quiet Listings observed 20 new houses entering the market over the last 30 days, down from 26 during the previous 30-day period, with an average advertised asking price of $771,950. The property type mix of listed properties is predominantly Houses at 87%, followed by land (9%), and units (4%). The most active agency for houses in the Kilmore area is currently Buxton Real Estate Group, representing 35% of new listings, followed by Wilson Partners with 30%. 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.