5 acres ripe for development in growth corridor with large residence
Here is a great opportunity to purchase a 5 acre site ripe for development (STCA) in a prime growth corridor with good road and facility access. Neighbouring properties have an approved planning permit setting a precedent in the location. In addition there is a very large family home all located within a short distance from the Delacombe sports centre, various amenities and just a short drive to the CBD of Ballarat.
This most interesting property could be home to two families; having five bedrooms, 2 kitchens, 2 laundries, 2 bathrooms and a combination of various living areas. Air-conditioned, centrally heated, split system plus open fire place and a combustion wood fire ensure maximum temperature control throughout the whole home.
Around 38sq of living and a perfect place to raise a family, this home is deflected by the enormity of the land and shedding externally.
To own acreage on the outskirts of Ballarat is truly a bonus in itself and with a little flair this could be transformed into an elite country home & land package, a fabulous way to boost your investment.
A 4 bay brick garage and massive shedding is ideal to house many vehicles with six extra carports or perfect for machinery if you wish to work the land. A water hole ensures ample water for pets or stock if this is your objective or could be incorporated into a landscaped garden.
This property would be an ideal for multiple family use or for a amalgamation of two families and should not be overlooked if you are looking for a new start to establish a future in Ballarat.
Please arrange a long inspection, as this property needs time to walk about and capture its additional benefits.
median house price475000
median house rent335
suburb rental yield3.7%
Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.