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9 Cape Barron Drive, Lara VIC 3212

$700,000 - $750,000

Search Band Search Visibility Band

$700k - $800k High Confidence Calculated based on strong search observations.

House 4 Beds 2 Baths 2 Cars 576 m²

Listed: 6 hours ago

Overview

Situated in a welcoming family-friendly area of Lara, this well-maintained four-bedroom house offers a solid investment opportunity with immediate rental returns. Positioned on a generous 576 square metre allotment, the home provides a secure income stream with a fixed lease until February 2028, currently generating $550 per week with a planned increase to $570 from February 2027.

The property is designed to accommodate comfortable family living, featuring multiple living spaces that enhance flexibility for relaxation and entertainment. The separate front lounge equipped with split-system heating and cooling offers a comfortable retreat, while the open-plan living and dining areas with tiled flooring ensure easy maintenance. The well-equipped kitchen, complete with a dishwasher, gas cooktop, electric oven and pantry, supports convenient meal preparation and everyday living.

The accommodation includes a main bedroom boasting a walk-in robe and private ensuite, complemented by three additional bedrooms with built-in robes. Central ducted heating throughout the home ensures warmth during colder months. A central family bathroom offers a separate bath and shower to meet the needs of a family or tenants.

The extra-large garage with internal access delivers ample storage and parking, while the north-facing backyard is low maintenance and spacious, providing a private outdoor area suited for relaxation or play. The property's location adds value with zoning for reputable local schools and proximity to parks, shops, public transport, and recreational facilities like the Lara Golf Club, making it appealing to families and long-term tenants alike.

This property represents a reliable, low-maintenance investment with strong appeal in a proven growth corridor, providing dependable returns from the outset.

Local Market Insights

In Lara, Quiet Listings observed 39 new houses entering the market over the last 30 days, up from 38 during the previous 30-day period, with an average advertised asking price of $788,679. The property type mix of listed properties is predominantly Houses at 76%, followed by land (16%), and units (2%). The most active agency for houses in the Lara area is currently Ray White, representing 33% of new listings, followed by Buxton Real Estate Group with 18%. 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.