OUTSTANDING FUTURE DEVELOPMENT POTENTIAL - 81 ACRES - 32.78 HA (APPROX.)
THIS EXCEPTIONAL OPPORTUNITY WILL SUIT DEVELOPERS, HORSE TRAINERS OR FARMERS LOOKING FOR A START-UP PROPERTY WITH PLENTY OF SCOPE FOR MIXED FARMING AND POTENTIAL TO UNDERTAKE FUTURE IMPROVEMENTS. THE PROPERTY IS CURRENTLY DIVIDED INTO FIVE MAIN PADDOCKS WITH TWO DAMS, 12,000 GALLON WATER TANK AND INCLUDES SHEEP AND CATTLE YARDS, LOADING RACE, ROUND YARD, 6 DOG RUNS & WELPING BOX AND 20 X45 GARAGE WITH TWO ROLLER DOORS; PLUS A CONTEMPORARY COTTAGE COMPRISING THREE BEDROOMS, MAIN WITH BIRS & ENSUITE ACCESS TO THE BATHROOM, OPEN-PLAN LIVING AND DINING WITH R/C AIR-CONDITIONER, LAUNDRY PLUS MODERN KITCHEN/MEALS WITH SUNROOM AND VERANDAH. ALSO INCLUDES SOLAR PANELS. LOCATED JUST 7 KILOMETRES FROM LARA SHOPPING, SCHOOLING AND RECREATION FACILITIES ALL OFFERING AN IDYLLIC SEMI-RURAL LIFESTYLE WITH QUICK ACCESS TO GEELONG, AVALON AIRPORT, WERRIBEE AND WITHIN EASY COMMUTING DISTANCE OF MELBOURNE.
The size of Lovely Banks is approximately 29.9 square kilometres. There are 4 parks, covering nearly 0.4% of the total area. The population of Lovely Banks in 2016 was 2301 people. By 2021 the population was 2782 showing a population growth of 20.9% in the area during that time. The predominant age group in Lovely Banks is 20-29 years. Households in Lovely Banks are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lovely Banks work in a trades occupation.In 2021, 84.40% of the homes in Lovely Banks were owner-occupied compared with 79.90% in 2016.
Lovely Banks has 1,305 properties. Over the last 5 years, Houses in Lovely Banks have seen a 25.17% increase in median value, while Units have seen a 26.09% increase. As at 31 July 2026:
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