34 High Street, Lancefield, VIC 3435 | House for sale | OnTheHouse
 
FOR SALE
$990,000 - $1,085,000

34 High Street
Lancefield VIC 3435

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 406m2
Land area: 1003m2
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This is It! Investment Mixed-Use Opportunity in the Heart of Lancefield

With high-visibility and limited retail space, 34 High Street presents a unique opportunity to secure a high profile and income generating property in the heart of Lancefield’s town centre - perfect for investors, owner-occupiers or those seeking a live-and-work setup.
This turnkey investment offers existing solid holding income with upside potential for additional rental yield to maximise your return.
Set on a prominent multi-frontage site, the property comprises:
- Retail Space 1 (approx. 197sqm) – Tenanted by the renowned Lancefield Op Shop, with consistent foot traffic and secure rental income. Features dual shop frontages and street access, bathroom facilities and generous floor area.
- Retail Space 2 (approx. 84sqm) – Formerly much-loved Red Door Books with a very loyal patronage over 18 years, this currently vacant retail space offers excellent scope for leasing or owner operation. The double frontage to High Street and flexible layout options, including bathroom and kitchenette facilities, will appeal to a range of businesses.
- 2-Bedroom Flat – Retaining character of the original building while offering modern comfort and updated finishes for a very comfortable lifestyle. Separate access provides versatility for a range of applications - an owner occupied in-town residence, short stay accommodation, long-term residential tenancy or commercial lease for a studio or gallery. Features include two bedrooms, separate lounge, updated bathroom and sunlit kitchen/dining with north-facing bifold doors to rear deck overlooking private rear yard and views to Cobaw Ranges.
Lancefield is a desirable and growing township in the Macedon Ranges. Located only an hour drive to the Melbourne CBD and 45 minutes to Melbourne Airport with convenient access to both Hume and Calder Freeways. Take advantage of a continuous calendar of local events and attractions, including the thriving monthly Lancefield Farmers’ Market on your doorstep across the central High Street plantation.
Key Investment Highlights:
- Dual retail shopfronts on a premier strip with great signage opportunity
- Established tenant in place
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Property Details for 34 High St, Lancefield

34 High St, Lancefield is a 2 bedroom, 1 bathroom House. The property has a land size of 1003m2 and floor size of 406m2. The place is currently for sale with Property Management Macedon Ranges - Lancefield.

Building Type
House
Floor Size
406m2
Land Size
1003m2
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About Lancefield 3435

The size of Lancefield is approximately 126.2 square kilometres. It has 3 parks covering nearly 13.5% of total area. The population of Lancefield in 2016 was 2455 people. By 2021 the population was 2743 showing a population growth of 11.7% in the area during that time. The predominant age group in Lancefield is 60-69 years. Households in Lancefield are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lancefield work in a professional occupation.In 2021, 86.60% of the homes in Lancefield were owner-occupied compared with 83.20% in 2016.

Lancefield has 1,521 properties. Over the last 5 years, Houses in Lancefield have seen a 31.48% increase in median value, while Units have seen a 33.60% increase. As at 31 January 2026:

  • The median value for Houses in Lancefield is $790,491 while the median value for Units is $559,075.
  • Houses have a median rent of $585.
There are currently 17 properties listed for sale, and 2 properties listed for rent in Lancefield on OnTheHouse. According to Cotality's data, 64 properties were sold in the past 12 months in Lancefield.

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Kim Forsyth
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Property Management Macedon Ranges - Lancefield
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