240 Racecourse Road, Lancefield, VIC 3435 | Property Value & History | OnTheHouse
OFF MARKET

240 Racecourse Road
Lancefield VIC 3435

Bedrooms: 5
Bathrooms: 2
Car spaces: 10
Land area: 363051m2
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Property Details for 240 Racecourse Rd, Lancefield

240 Racecourse Rd, Lancefield is a 5 bedroom, 2 bathroom House with 10 parking spaces and was built in 2000. The property has a land size of 363051m2. While the property is not currently for sale or for rent, it was last transferred in July 2021.

Building Type
House
Year Built
2000
Land Size
363051m2
Local Government
Macedon Ranges
Lot/Plan
52D~C/PP2962

Last Listing description (October 2026)

THE RACECOURSE | A Landmark Macedon Ranges Estate

A landmark Macedon Ranges estate combining 90 productive acres, rich red volcanic soils, substantial infrastructure and a racing legacy spanning more than 150 years.


Some properties offer acreage. Some offer lifestyle. Very few offer a legacy.

Welcome to The Racecourse, one of the Macedon Ranges' most unique rural estates, where approximately 90 acres of productive countryside combine with a rich racing heritage, substantial infrastructure and an exceptional country lifestyle.

Originally forming part of Lancefield's historic racecourse, the property retains its iconic 1600-metre track, creating a holding of genuine significance and character that simply could not be replicated today.

Privately positioned amongst magnificent Oak and Elm trees, established gardens and sweeping rural landscapes, the Victorian-inspired homestead delivers the perfect balance of country charm, comfort and scale. Designed for families, entertainers and those seeking a genuine rural escape, the home enjoys a seamless connection to the surrounding landscape and offers a lifestyle many aspire to, but few attain.

Beyond the residence lies a remarkably versatile landholding. Whether your vision is a premium cattle breeding enterprise, productive grazing operation, premier equestrian facility or a prestigious lifestyle retreat, The Racecourse provides the infrastructure, natural resources and scale to bring that vision to life.

Underpinned by fertile red volcanic soils, reliable water resources and an efficient paddock layout, the property is exceptionally well suited to livestock production, equine pursuits and long-term land stewardship. Rarely does a property combine history, productivity, infrastructure and lifestyle on such a scale, all within easy reach of Melbourne.

What makes The Racecourse truly compelling is that the hard work has already been done. The infrastructure is established, the landholding is significant, the soils are productive, the location is tightly held, and the history is irreplaceable. Recreating a property of this calibre today would be both difficult and extraordinarily expensive.

For those seeking a trophy rural asset with genuine versatility, long-term appeal and one of the Macedon Ranges' most recognised addresses, this is an opportunity that demands consideration.

Property Highlights
• Approximately 90 acres (36.3 hectares) of productive grazing country
• Rich red volcanic soils renowned throughout the Macedon Ranges
• Historic 1600-metre racetrack with origins spanning more than 150 years
• Victorian-inspired five-bedroom homestead
• Solar and gas-heated swimming pool, spa and pool house
• Magnificent established gardens featuring mature Oak and Elm trees
• Eight-box stable complex with tack and feed rooms
• Extensive paddock and laneway system providing access throughout the property
• Bore, dams, tanks and substantial water infrastructure
• Machinery shedding and supporting improvements
• Rural Living Zone (RLZ1)
• Less than one hour from Melbourne

Genuine Sale Opportunity
The owners have committed elsewhere and have provided clear instructions to sell.

Significantly repositioned to meet the market, The Racecourse represents one of the Macedon Ranges' most compelling rural lifestyle opportunities.

Whether your vision is an exceptional family estate, a quality cattle breeding operation, a premier equestrian property or a landmark rural holding, the foundations have already been laid.

Inspection Will Impress.

Anthony Stevens | 0459 924 164
Helen Milner | 0428 869 002

Property History for 240 Racecourse Rd, Lancefield, VIC 3435

A timeline of how this property has performed in the market
Last Transferred
24 Jul 2021
  • 18 Nov 2025
    Listed for Sale Contact Agent!
  • 20 Aug 2024
    Listed for Sale $3,300,000 - $3,500,000
  • 13 Feb 2024
    Listed for Sale $3,300,000 - $3,500,000
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About Lancefield 3435

The size of Lancefield is approximately 126.2 square kilometres. There are 3 parks, covering nearly 13.5% of the total area. The population of Lancefield in 2016 was 2455 people. By 2021 the population was 2743 showing a population growth of 11.7% in the area during that time. The predominant age group in Lancefield is 60-69 years. Households in Lancefield are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lancefield work in a professional occupation.In 2021, 86.60% of the homes in Lancefield were owner-occupied compared with 83.20% in 2016.

Lancefield has 1,536 properties. Over the last 5 years, Houses in Lancefield have seen a 0.44% increase in median value, while Units have seen a 6.40% increase. As at 31 October 2026:

  • The median value for Houses in Lancefield is $742,639 while the median value for Units is $475,097.
  • Houses have a median rent of $588.
There are currently 23 properties listed for sale, and 1 property listed for rent in Lancefield on OnTheHouse. According to Cotality's data, 55 properties were sold in the past 12 months in Lancefield.

Suburb Insights for Lancefield 3435

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.