69 Lockwood RoadKangaroo Flat VIC 3555
Property Details for 69 Lockwood Rd, Kangaroo Flat
69 Lockwood Rd, Kangaroo Flat is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 1615m2. While the property is not currently for sale or for rent, it was last sold in February 2026. There are other 3 bedroom House sold in Kangaroo Flat in the last 12 months.
Last Listing description (February 2026)
Set on a huge 1,615m² (approx) allotment in an ultra-convenient Kangaroo Flat location, this solid brick, one-owner home presents a rare and exciting opportunity for developers, investors and owner-occupiers alike. Positioned just a moments walk from the Kangaroo Flat shopping precinct, supermarkets, schools, public transport and everyday amenities, the location is definitely one that will always be in demand!
Immaculately maintained and built to last, the current residence is "as solid as they come" and offers the choice to comfortably live in or renovate, or alternatively remove and redevelop to fully capitalise on the generous landholding. With more than adequate space at the side of the home for a driveway to the rear, the property lends itself to a potential 3–4 unit development at the rear (STCA), meaning the scope here is undeniable.
The existing home retains all of its original charm and features, and is very liveable in its current form for owner occupiers until they decide to renovate – something that would clearly enhance the home for the future. For the investor, there is some work required to meet minimum standards legislation and compliance, but if completed, the rental return is estimated at approx. $580-$600 per week – a solid income whilst you obtain permits to subdivide and develop.
The floorplan is deceptively spacious, and neat and tidy in its current form. Accommodation includes three bedrooms, with the master enjoying a walk-in robe and ensuite. There is a separate study ideal for those working from home, and a central family bathroom and separate toilet service the remaining rooms. The layout offers excellent flexibility with two spacious living zones, including a sunken front lounge, and a functional kitchen with adjoining meals area will suffice for now until it's time to update. A large rear laundry completes the floorplan.
Outdoors is where this property truly shines. The expansive backyard provides endless possibilities, whether you're planning a multi-unit development, extensive landscaping, or simply enjoying the space that's becoming increasingly hard to find. A wide side driveway offers excellent access to the rear, and for the renovator or tradesperson, the substantial brick shed with concrete floor and power is a standout inclusion. An undercover alfresco area off the side of the home provides a sheltered space to relax or entertain while planning the next chapter.
A much-loved home on a remarkable block, offering limitless potential - opportunities like this are becoming increasingly rare.
Property History for 69 Lockwood Rd, Kangaroo Flat, VIC 3555
- 11 Mar 2026Sold for $727,000
- 20 Feb 2026Listed for Sale $695,000 - $735,000
- 09 Aug 2002Transferred
Recent sales nearby
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About Kangaroo Flat 3555
The size of Kangaroo Flat is approximately 18.4 square kilometres. There are 27 parks, covering nearly 40.1% of the total area. The population of Kangaroo Flat in 2016 was 10394 people. By 2021 the population was 11328 showing a population growth of 9.0% in the area during that time. The predominant age group in Kangaroo Flat is 60-69 years. Households in Kangaroo Flat are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kangaroo Flat work in a labourer occupation.In 2021, 69.00% of the homes in Kangaroo Flat were owner-occupied compared with 67.40% in 2016.
Kangaroo Flat has 6,373 properties. Over the last 5 years, Houses in Kangaroo Flat have seen a 46.50% increase in median value, while Units have seen a 38.34% increase. As at 31 May 2026:
- The median value for Houses in Kangaroo Flat is $639,846 while the median value for Units is $441,447.
- Houses have a median rent of $530 while Units have a median rent of $455.
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