1428 Gregory St, Lake Wendouree is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 1036m2. While the property is not currently for sale or for rent, it was last sold in April 1997.
Situated in one of Ballarats most sought-after locales, just a short stroll from the shores of Lake Wendouree, this property presents a rare opportunity to secure a premium parcel of land in an exceptional lifestyle location. Enjoy the convenience of nearby cafes, schools, public transport, sporting facilities, and walking tracks, all within easy reach of this highly desirable address.
Set on a generous allotment, the property offers outstanding potential for redevelopment or the construction of a dream home (STCA). The existing dwelling is unliveable in its current condition and will be demolished allowing the new owner to fully capitalise on the site's size, location, and future possibilities. Whether you're planning a luxury residence, a contemporary townhouse project, or a strategic investment, the opportunities here are substantial.
Rarely does a vacant-style development site become available in such a tightly held and prestigious pocket of Ballarat. With Lake Wendouree just moments away and all the benefits of inner-city living at your doorstep, this is an opportunity not to be missed.
The size of Lake Wendouree is approximately 4.6 square kilometres. There are 6 parks, covering nearly 65.7% of the total area. The population of Lake Wendouree in 2016 was 2882 people. By 2021 the population was 2878 showing a population decline of 0.1% in the area during that time. The predominant age group in Lake Wendouree is 60-69 years. Households in Lake Wendouree are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Lake Wendouree work in a professional occupation.In 2021, 72.90% of the homes in Lake Wendouree were owner-occupied compared with 70.00% in 2016.
Lake Wendouree has 1,589 properties. Over the last 5 years, Houses in Lake Wendouree have seen a 9.45% increase in median value, while Units have seen a 16.14% increase. As at 31 May 2026:
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