54 Morton Street, Learmonth, VIC 3352 | House for sale | OnTheHouse
 
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54 Morton Street
Learmonth VIC 3352

Bedrooms: 5
Bathrooms: 1
Car spaces: 6
Floor area: 270m2
Land area: 24400m2
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24,400m² Rare Lifestyle Opportunity with Panoramic Views & Subdivision Potential (STCA) in the Heart of Learmonth

Raine & Horne Land Victoria proudly presents an exceptional lifestyle and development opportunity on approximately 24,400m² (approx. 6 acres) within the Township Zone, positioned on the elevated Bankin Hill in Learmonth. Boasting breathtaking panoramic views across Ballarat, Lake Learmonth, and surrounding countryside, this rare property offers both lifestyle appeal and future development potential across two titles. The charming heritage home provides a blank canvas for restoration, with building materials already on site and significant scope to add value.
The residence features five bedrooms, multiple living areas, a country-style kitchen, and stunning period details including pressed metal ceilings and timber floors. With expansive verandas, a large shed with mezzanine, and excellent access to Ballarat and the Western Highway, this is a unique opportunity for renovators, lifestyle buyers, or developers seeking a high-potential asset in a tightly held location.
Property Features:
• Approx. 24,400m² (6 acres) in Township Zone across two lots
• Five spacious bedrooms including unfinished master suite
• Large bathroom with clawfoot bath, separate shower and double vanity
• Strong subdivision and development potential in 4,000m² lots under Township Zone (STCA)
• Exceptional elevated position with panoramic views of Ballarat and Lake Learmonth
• Heritage home with significant renovation and value-add potential
• Grand 67-foot central hallway with original period features
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Property Details for 54 Morton St, Learmonth

54 Morton St, Learmonth is a 5 bedroom, 1 bathroom House with 6 parking spaces. The property has a land size of 24400m2 and floor size of 270m2. The place is currently for sale with Raine & Horne Land Victoria.

Building Type
House
Floor Size
270m2
Land Size
24400m2
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About Learmonth 3352

The size of Learmonth is approximately 38.6 square kilometres. The population of Learmonth in 2016 was 438 people. By 2021 the population was 396 showing a population decline of 9.6% in the area during that time. The predominant age group in Learmonth is 60-69 years. Households in Learmonth are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Learmonth work in a professional occupation.In 2021, 88.80% of the homes in Learmonth were owner-occupied compared with 78.80% in 2016.

Learmonth has 269 properties. Over the last 5 years, Houses in Learmonth have seen a 20.49% increase in median value, while Units have seen a 65.09% increase. As at 30 April 2026:

  • The median value for Houses in Learmonth is $617,790 while the median value for Units is $382,616.
There are currently 5 properties listed for sale, and no properties listed for rent in Learmonth on OnTheHouse. According to Cotality's data, 18 properties were sold in the past 12 months in Learmonth.

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Kevin Paghdar
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Sagar Bhaliya
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Raine & Horne Land Victoria
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