Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

10 Pennsylvania Avenue, Batesford VIC 3213

For Sale

Search Band Search Visibility Band

$2.75M - $3M Medium Confidence Calculated based on our search observations.

House 6 Beds 3 Cars 4.99 acres

Listed: 35 days ago

Updated: 10 hours ago

Overview

This approximately five-acre property at 10 Pennsylvania Avenue in Batesford presents a rare opportunity for developers and strategic investors keen to establish themselves ahead of the unfolding Batesford North Precinct Structure Plan (PSP) in the Western Geelong Growth Area. Its substantial 2.02-hectare corner position with prominent main road frontage along Midland Highway ensures high visibility and convenient access.

The existing six-bedroom residence is suitable for large families or could be leveraged for Bed & Breakfast operations, capitalizing on the property's size and layout. The home features a generous kitchen with ample storage, a dishwasher, and an island bench overlooking a central courtyard, fostering both practicality and a welcoming atmosphere. Comfort is enhanced through ducted heating and a wood fire, while the triple car garage, workshop, and various shedding options afford extensive storage and workspace possibilities.

Strategically located just 15 minutes from the Geelong CBD and within an hour's reach of Melbourne CBD via major transport corridors including the Princes Freeway and Geelong Ring Road, the site is ideally placed for future residential growth. With state-led precinct planning well underway and neighboring development precincts rapidly progressing, this land offers significant potential for capital growth as the entire region evolves.

Approximately 2.02 hectares (5 acres) land area within Batesford North PSP
Located in a rapidly developing growth corridor identified for residential expansion
Favorable positioning with extensive frontage on a major highway
The home offers versatile accommodation and modern amenities promoting comfortable living
Additional infrastructure such as a triple garage, workshop, and outbuildings support varied uses
Strong demand and developer interest in the surrounding area signal promising investment upside

Careful consideration should be given to its rural living zoning which allows residential living on larger lots along with hobby farming and small-scale agriculture, adding lifestyle flexibility. This property is suited not only for residential developers and land bankers but also those looking to benefit from the strategic acquisition of land before the PSP's finalisation further influences value.

Local Market Insights

In Batesford, Quiet Listings observed 6 new houses entering the market over the last 30 days, up from 4 during the previous 30-day period, with an average advertised asking price of $1,498,167. The property type mix of listed properties is predominantly Houses at 88%, followed by land (13%). The most active agency for houses in the Batesford area is currently Buxton Real Estate Group, representing 33% of new listings, followed by Jellis Craig with 17%. 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.