27 ACRES ON OLD WESTERN HIGHWAY ADJOINING PROPOSED LAKE FEDERATION DEVELOPMENT
THIS PROPERTY IS LOCATED IN A MOST SOUGHT AFTER LOCATION ONLY 5 MINUTES FROM BALLARAT?S CBD AND JUST PAST THE MAIN ALFREDTON RESIDENTIAL AREA ON THE OLD WESTERN HIGHWAY AND ADJOINING THE PROPOSED LAKE FEDERATION DEVELOPMENT. THIS COULD CERTAINLY BE CONSIDERED ONE OF THE BEST PARCELS OF LAND AVAILABLE AT THE MOMENT. IT COMPRISES A COMFORTABLE LARGE 3 BEDROOM HOME WITH A RECENTLY REFURBISHED KITCHEN, EXCELLENT DINING AREA AND GOOD BATHROOM LAUNDRY FACILITIES. THE PROPERTY HAS TOWN WATER AND NATURAL GAS. IT HAS A 6 DOOR HORSE BARN, UNDERCOVER WASH DOWN WORK AREA, TWO LARGE SHEDS ONE OF WHICH CAN HOLD 4,000 BALES. ALL WEATHER SAND TRACK OF ABOUT 750 METERS, 2 STAND SHEARING SHED, AND WORKSHOP/GARAGES. FIVE DAY PADDOCKS PLUS 4 LARGE PADDOCKS. ALTOGETHER A WONDERFUL STRATEGICALLY LOCATED PROPERTY. OWNERS WOULD PREFER A LEASE BACK ARRANGEMENT FOR SAY TWO YEARS
The size of Cardigan is approximately 36.5 square kilometres. There are 2 parks, covering nearly 0.2% of the total area. The population of Cardigan in 2016 was 754 people. By 2021 the population was 1064 showing a population growth of 41.1% in the area during that time. The predominant age group in Cardigan is 10-19 years. Households in Cardigan are primarily couples with children and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Cardigan work in a professional occupation.In 2021, 90.50% of the homes in Cardigan were owner-occupied compared with 93.20% in 2016.
Cardigan has 832 properties. Over the last 5 years, Houses in Cardigan have seen a 20.36% increase in median value, while Units have seen a 9.78% increase. As at 30 April 2026:
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