54 Morton StreetLearmonth VIC 3352
Property Details for 54 Morton St, Learmonth
Last Listing description (June 2026)
Raine & Horne Land Victoria proudly presents an exceptional lifestyle and development opportunity on approximately 24,400m (approx. 6 acres) within the Township Zone, positioned on the elevated Bankin Hill in Learmonth. Boasting breathtaking panoramic views across Ballarat, Lake Learmonth, and surrounding countryside, this rare property offers both lifestyle appeal and future development potential across two titles. The charming heritage home provides a blank canvas for restoration, with building materials already on site and significant scope to add value.
The residence features five bedrooms, multiple living areas, a country-style kitchen, and stunning period details including pressed metal ceilings and timber floors. With expansive verandas, a large shed with mezzanine, and excellent access to Ballarat and the Western Highway, this is a unique opportunity for renovators, lifestyle buyers, or developers seeking a high-potential asset in a tightly held location.
Property Features:
Five spacious bedrooms including unfinished master suite
Large bathroom with clawfoot bath, separate shower and double vanity
Strong subdivision and development potential in 4,000m lots under Township Zone (STCA)
Exceptional elevated position with panoramic views of Ballarat and Lake Learmonth
Heritage home with significant renovation and value-add potential
Grand 67-foot central hallway with original period features
Pressed metal ceilings and polished timber floors throughout
Country-style kitchen with stone benchtops, island bench and walk-in pantry
Formal lounge with fireplace and slow combustion wood heater
Separate family living area with built-in cabinetry and wood heater
Front, side and rear verandas plus decked outdoor entertaining area
Large shed with mezzanine providing ample storage/workspace
Mains sewer connection plus approx. 11,000-gallon water tank and mains water
Located minutes to Western Highway and approx. 15 minutes to Ballarat
Close to Lake Learmonth, cafes, hotel, sporting facilities and local amenities
Call Kevin Paghdar on +61 426 510 510 Or Sagar Bhaliya on 0426 992 493 today for further enquiries and to inspect the property.
Interested parties should conduct their due diligence prior to making any submissions. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent.
Due Diligence Checklist -
http://www.consumer.vic.gov.au/duediligencechecklist
Property History for 54 Morton St, Learmonth, VIC 3352
- 22 Apr 2026Listed for Sale Not Disclosed
- 28 Dec 2024Listed for Sale SOLD $1,900,000.00
- 24 May 2024Listed for Sale $1,395,000-$1,475,000
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About Learmonth 3352
The size of Learmonth is approximately 38.6 square kilometres. The population of Learmonth in 2016 was 438 people. By 2021 the population was 396 showing a population decline of 9.6% in the area during that time. The predominant age group in Learmonth is 60-69 years. Households in Learmonth are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Learmonth work in a professional occupation.In 2021, 88.80% of the homes in Learmonth were owner-occupied compared with 78.80% in 2016.
Learmonth has 269 properties. Over the last 5 years, Houses in Learmonth have seen a 16.57% increase in median value, while Units have seen a 91.54% increase. As at 30 June 2026:
- The median value for Houses in Learmonth is $649,294 while the median value for Units is $443,907.
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