5 Markshill Place, Lara, VIC 3212 | House for sale | OnTheHouse
 
FOR SALE
$550,000 - $600,000

5 Markshill Place
Lara VIC 3212

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 745m2
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Auction Time
Tue 20 Oct 5:00 pm
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Corner Block with Exciting Future Potential

Perfectly positioned in a quiet and established pocket of Lara, 5 Markshill Place offers an exciting opportunity on a substantial 745m2 (approx.) corner allotment, with potential for subdivision or future development (STCA).
The existing home offers three bedrooms, two bathrooms and two separate living zones, providing a comfortable foundation for first home buyers while also presenting plenty of scope for those looking to renovate, modernise and add value.
The generous corner position provides flexibility rarely found in today's market, making this property equally appealing to first home buyers, renovators, investors and developers looking for their next project.
Location is another standout, with the property conveniently positioned close to Lara's shopping precinct, local schools, childcare, parks, sporting facilities, cafes and public transport, while Lara Train Station and easy access to Geelong and Melbourne are also within easy reach. Everything you need is close by, making day-to-day living incredibly convenient.
Key Features:
• 745m2 approx.) corner allotment
• Potential subdivision/development opportunity (STCA)
• Three bedrooms
• Two bathrooms
• Two separate living zones
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Property Details for 5 Markshill Pl, Lara

5 Markshill Pl, Lara is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 745m2. The place is currently for sale with Ray White Lara.

Building Type
House
Land Size
745m2
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About Lara 3212

The size of Lara is approximately 89.5 square kilometres. There are 45 parks, covering nearly 6.7% of the 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 12,343 properties. Over the last 5 years, Houses in Lara have seen a 5.86% increase in median value, while Units have seen a 25.53% increase. As at 31 August 2026:

  • The median value for Houses in Lara is $767,587 while the median value for Units is $549,284.
  • Houses have a median rent of $590 while Units have a median rent of $500.
There are currently 71 properties listed for sale, and 43 properties listed for rent in Lara on OnTheHouse. According to Cotality's data, 772 properties were sold in the past 12 months in Lara.

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Matthew Wade-Taylor
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Josh Loveday
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Ray White Lara
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