Sold for $350,000
Ballan - 67 Acres with Planning Permit
The property comprises of approx. 67 acres or 27.10 hectares consisting of one title Zoned Farming and with Werribee River frontage. The property is mostly grey loam soil and is fenced into one large paddock with the majority of the land being mostly flat, the balance of the land works its way to the river via a gully and 4WD track.
The allotment has an approx. frontage of 623 metres to Monteville Lane. An approved planning permit from council comes with 3 bedrooms, 2 bathroom, 2 living and double garage floor plan plus machinery shed. This information together with a land capability assessment is available for viewing upon request.
Rare opportunity to acquire land in this tightly held corridor, the location is first class. Monteville Lane runs off Old Melbourne Road, where you are 4 kilometres to the Western Highway entrance. Melbourne is 60 minutes drive away, 20 minutes to Ballarat and a 5 minute drive to the thriving township of Ballan where you will find primary schools, train station, supermarkets and much more.
median house price602000
median house rent350
suburb rental yield3.0%
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.