5 Balagundi DriveLara VIC 3212
Property Details for 5 Balagundi Dr, Lara
5 Balagundi Dr, Lara is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 583m2 and floor size of 226m2. While the property is not currently for sale or for rent, it was last sold in May 2020.
Last Listing description (August 2020)
Positioned on a generous 586m2 parcel of land in the sort after, peaceful "Lake Lands" is this well presented 4 bedroom home that is only one house away from the stunning park land and walking tracks of the area. The master bedroom has a walk in robe and a full ensuite. The remaining bedrooms are generous in size with built in robes. There is a full bathroom, separate WC, laundry and plenty of storage. The large living room is inviting, it flows through to the light filled, open plan kitchen, meals, family zone. Ducted heating, ducted cooling, split system cooling, quality window coverings add to all year around comfort. There is the double BV garage with internal access. Outside there are private, low maintenance gardens, under cover pergola entertainment area, The solar panels are a 1.5kW PV system, water tanks and watering system. Make use of the walking tracks, public transport, local swimming pool, schools and shops all within walking distance. Lara is only 45 Minutes from Melb CBD With an expected rental return of $470.00PW this would make an ideal investment or place to call home. Call Sarah today to arrange an inspection.
Property History for 5 Balagundi Dr, Lara, VIC 3212
- 14 May 2020Sold for $545,000
- 10 Feb 2020Listed for Sale Sarah Carey First National Real Estate
- 23 Sep 1999Sold for $170,000
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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 12,346 properties. Over the last 5 years, Houses in Lara have seen a 8.84% increase in median value, while Units have seen a 29.71% increase. As at 31 July 2026:
- The median value for Houses in Lara is $776,915 while the median value for Units is $552,483.
- Houses have a median rent of $580 while Units have a median rent of $500.
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