245 Patullos Road, Lara, VIC 3212 | Land for sale | OnTheHouse
 
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245 Patullos Road
Lara VIC 3212

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Land area: 1.95ha
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245 Patullos Road, Lara - Strategic Development Site in Lara West PSP

Land Nation is proud to present an outstanding opportunity to secure a premium 1.95-hectare landholding within the Lara West Precinct Structure Plan (PSP). Ideally located in one of Victoria's fastest-growing corridors, this property is surrounded by major residential developments and offers a rare chance to capitalise on the region's strong housing demand.
Key Highlights
Substantial 1.95 ha (approx.) site within the Lara West PSP
Zoned Urban Growth Zone (UGZ6) with future residential development potential (STCA)
Flat, well-shaped parcel enabling efficient design outcomes
Surrounded by established and emerging communities including Coridale, Lara Lakes and Austin
Existing dwelling and improvements provide immediate holding income while planning is undertaken
Strategic Value
The Lara West PSP is set to deliver thousands of new homes along with key infrastructure and amenities, making it one of the most significant growth areas in the Geelong region. Properties of this scale and location are tightly held and increasingly rare, particularly sites that are development-ready and positioned among major projects.
245 Patullos Road represents a premium infill development opportunity in a corridor underpinned by long-term growth, major infrastructure, and strong market depth.
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Property Details for 245 Patullos Rd, Lara

Building Type
Land
Land Size
1.95ha
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About Lara 3212

The size of Lara is approximately 89.5 square kilometres. It has 45 parks covering nearly 6.7% of total area. The population of Lara in 2016 was 16355 people. By 2021 the population was 19014 showing a population growth of 16.3% in the area during that time. The predominant age group in Lara is 30-39 years. Households in Lara are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lara work in a professional occupation.In 2021, 76.10% of the homes in Lara were owner-occupied compared with 75.10% in 2016.

Lara has 12,196 properties. Over the last 5 years, Houses in Lara have seen a 30.56% increase in median value, while Units have seen a 39.80% increase. As at 31 October 2025:

  • The median value for Houses in Lara is $758,545 while the median value for Units is $509,646.
  • Houses have a median rent of $560 while Units have a median rent of $470.
There are currently 110 properties listed for sale, and 18 properties listed for rent in Lara on OnTheHouse. According to Cotality's data, 750 properties were sold in the past 12 months in Lara.

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Pranay Shah
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Mohit Saraswat
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