1/29 Balagundi Drive, Lara, VIC 3212 | Property Value & History | OnTheHouse
OFF MARKET

1/29 Balagundi Drive
Lara VIC 3212

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 84m2
Land area: 299m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 21 Sep 2026
Low

High
Save

Property Details for 1/29 Balagundi Dr, Lara

1/29 Balagundi Dr, Lara is a 2 bedroom, 1 bathroom Townhouse and was built in 2001. The property has a land size of 299m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in January 2023.

Building Type
Townhouse
Year Built
2001
Floor Size
84m2
Land Size
299m2
Local Government
Greater Geelong
Lot/Plan
1/PS432590

Last Listing description (February 2023)

Positioned in a quiet location on an (approx) 300m2 block and within walking distance to Lara Lake Reserve is this well presented two bedroom unit that would ideally suit any first home buyer, someone looking to downsize, or the most astute of investors out there.

Featuring two bedrooms both with built-in robes and one with a reverse cycle air conditioner, the centrally located bathroom includes a single vanity, shower, bath and separate toilet, the living room with a gas heater and the kitchen with a gas cooktop, electric oven and the dining area with a reverse cycle air conditioner.

Extra features include an undercover alfresco area with two ceiling fans and is surrounded by pulldown blinds and a low-maintenance backyard, the laundry with a storage cupboard and a single garage.

Within close proximity to medical facilities, the shopping centre, Lara train station, cafes & restaurants, easy access to the Geelong Ring Road and an approximately 60-minute drive to Melbourne CBD.

FEATURES:
300m2 Block
Two Bedroom
One Bathroom
Two Reverse Cycle Air Conditioners
Low Maintenance Backyard
Undercover Alfresco Area
Single Car Garage

*Every precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the vendor or agent.*

Property History for 1/29 Balagundi Dr, Lara, VIC 3212

A timeline of how this property has performed in the market
Last Sold
$500,000
09 Jan 2023
Listed for Rent
$250/w
27 Aug 2009
  • 09 Jan 2023
    Sold for $500,000
  • 19 Oct 2022
    Listed for Sale Matthew Wade-Taylor, Ray White Lara
  • 09 Jun 2017
    Sold for $315,000
Sign in to see more transactions
Commute Calculator

About Lara 3212

The size of Lara is approximately 89.5 square kilometres. There are 45 parks, covering nearly 6.7% of the total area. The population of Lara in 2016 was 16355 people. By 2021 the population was 19014 showing a population growth of 16.3% in the area during that time. The predominant age group in Lara is 30-39 years. Households in Lara are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lara work in a professional occupation.In 2021, 76.10% of the homes in Lara were owner-occupied compared with 75.10% in 2016.

Lara has 12,343 properties. Over the last 5 years, Houses in Lara have seen a 5.86% increase in median value, while Units have seen a 25.53% increase. As at 31 August 2026:

  • The median value for Houses in Lara is $767,587 while the median value for Units is $549,284.
  • Houses have a median rent of $590 while Units have a median rent of $500.
There are currently 71 properties listed for sale, and 43 properties listed for rent in Lara on OnTheHouse. According to Cotality's data, 772 properties were sold in the past 12 months in Lara.

Suburb Insights for Lara 3212

Market Insights
Lara Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Lara Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.