Property Details for Lot 417 Poole Way, Lucas
Lot 417 Poole Way, Lucas is a 4 bedroom, 2 bathroom House with 2 parking spaces.
Last Listing description (August 2023)
NDIS-SDA Package | Registered Land | VIC
NDIS-SDA properties are hard to find and this package is a stand-out.
Located just 7 km from the Ballarat CBD, Lucas is located in the heart of the Ballarat West Growth Zone. Lucas is the largest master planned community in Ballarat's history and has been meticulously planned to include everything that you need to live, shop, work, play and learn locally.
Location
Ballarat is located just over an hour by train west of Melbourne and is Victorias largest inland city. Surrounded by gold rush heritage, renowned wineries and creative arts. As a tree change hotspot with infrastructure projects rapidly on the rise, Ballarats population is booming and its fast capturing the attention of property investors.
For locals, bushwalks, leafy streets, parks and gardens create a haven of nature-filled lifestyle choices.
The region has an estimated 45,800 jobs. The under-construction Ballarat West Employment Zone is a business district set to drive economic growth over the next 20 years, and support a further 450 permanent jobs across a range of sectors. With rapid population growth and tonnes of infrastructure works, Ballarat has become the strongest market in Victoria.
Ballarat offers everything that metropolitan areas can offer businesses, and more. Greenfield development opportunities, established commercial and industrial facilities, excellent transport connectivity, loyal and highly-skilled workforce, secure utilities including high speed NBN, and strategic planning to support future growth.
About the Property
- House and land package 2-part land and build contracts
- Land area is 480sqm and land is registered
- Home is 4.4.2 | 3P + OOA
- Full turnkey.
- Fast build times
The Market
Median house price
2021 $585K - up 26.5%
2022 $705K - up 20.5%
Vacancy rate 1.55%
Rental population 30.61%
The Key Numbers
As of July 2023 the SDA pricing will be increased, this includes High Physical Support, Improved Liveability, and Robust. For an in-depth explanation of the new pricing, talk to our sales team.
High Physical Support
SDA Income - $85,326 per participant
MRRC - $11,000 per participant
Location Factor - 0.95
Potential Total Income | $183,941
Potential Yield 18.2%
Improved Liveability
SDA Income - $70,995 per participant
MRRC - $11,000 per participant
Location Factor - 0.95
Potential Total Income | $156,712
Potential Yield 15.5%
*Please note that these numbers are based on 2 participants only. Numbers will vary for 3 participants.
Ready to get started?
Get in touch. You can secure this property with just $2,000 initial deposit. Make your move soon though as this is going to sell quickly.
Disclaimer
We have in preparing this information used our best endeavours to ensure the information that has been provided is true and accurate. The images and renders provided in this listing by the builder are for illustrative purposes only. They may contain fixtures, furniture or finishing not available for this design. Clients need to refer to the building contract for specific details on specifications and inclusions specific to any property. Specifications and inclusions are subject to change over time. Meridien Group does not accept any responsibility for variations to specifications ad inclusions made by the builder. Financial information is an estimate only and is not warranted or guaranteed. Refer to investment reports for specific details.
Property History for Lot 417 Poole Way, Lucas, VIC 3350
- 14 Jul 2023Listed for Sale Not Disclosed
- 03 Oct 2022Listed for Sale $650,085
Recent sales nearby
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0About Lucas 3350
The size of Lucas is approximately 7.5 square kilometres. The population of Lucas in 2016 was 1014 people. By 2021 the population was 2994 showing a population growth of 195.3% in the area during that time. The predominant age group in Lucas is 0-9 years. Households in Lucas are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Lucas work in a professional occupation.In 2021, 64.00% of the homes in Lucas were owner-occupied compared with 60.70% in 2016.
Lucas has 3,701 properties. Over the last 5 years, Houses in Lucas have seen a 27.17% increase in median value, while Units have seen a 30.49% increase. As at 30 April 2026:
- The median value for Houses in Lucas is $723,711 while the median value for Units is $531,118.
- Houses have a median rent of $480.
Suburb Insights for Lucas 3350
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