16 Penstone CrescentLara VIC 3212
Property Details for 16 Penstone Cres, Lara
Last Listing description (March 2025)
Located just moments from the proposed Austin Estate Parklands and Reserve, this prime piece of land offers an unbeatable lifestyle of convenience. Laras vibrant Town Centre is only a stones throw away, with an abundance of shopping, cafs, and local amenities at your doorstep. The soon-to-be-completed Lara West Secondary College, private primary schools, and sports grounds are all within easy reach, making it ideal for families.
For those who commute, Lara Train Station is just a short 5-minute drive, perfect for the busy professional or savvy investor. And with Geelong's city center only 20 minutes away, youll enjoy the best of both worldspeaceful suburban living with quick access to urban conveniences.
Ready to explore the potential of this block and uncover the best building options? Get in touch with Pooja Patel today at 0469 131 347 to understand the possibilities, highlight key considerations, and provide expert advice on maximizing your investment for future resale or rental returns. Dont miss out on making the most of this opportunity!
*All information offered by Lara Real Estate is provided in good faith. It is derived from sources believed to be accurate and current as at the date of publication and as such Lara Real Estate simply pass this information on. Use of such material is at your sole risk. Prospective purchasers are advised to make their own enquiries with respect to the information that is passed on. Lara Real Estate will not be liable for any loss resulting from any action or decision by you in reliance on the information.
Property History for 16 Penstone Cres, Lara, VIC 3212
- 24 Jan 2025Sold for $330,000
- 11 Nov 2024Listed for Sale $340,000 - $360,000
- 07 Jul 2021Sold for $282,800
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0About Lara 3212
The size of Lara is approximately 89.5 square kilometres. It has 45 parks covering nearly 6.7% of 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 12,199 properties. Over the last 5 years, Houses in Lara have seen a 29.35% increase in median value, while Units have seen a 42.09% increase. As at 30 November 2025:
- The median value for Houses in Lara is $765,865 while the median value for Units is $523,887.
- Houses have a median rent of $560 while Units have a median rent of $470.
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