Built in the 1930s, this enchanting lifestyle property carries the warmth and romance of a bygone era. Full of authentic character, it invites you to imagine a life shaped by wide open space, peaceful surrounds and the charm of country living. With two separate residences offering a combined total of five bedrooms, the estate lends itself beautifully to multigenerational living, guest accommodation, or the creation of a thriving retreat or hobby farm. Set on 5.35 acres of Rural Living zoned land, the property provides the scope to realise your rural ambitions. Whether your vision includes a small-scale agricultural pursuit, a flourishing hobby farm, or simply room to breathe, the possibilities are plentiful and subject to the appropriate approvals. The main residence presents generous proportions and timeless details including high ceilings, polished floors, fireplaces and elegant bay windows. Three well sized bedrooms plus a home office that could serve as a fourth single bedroom offer thoughtful flexibility for couples, growing families or those who work from home. The additional fully self-contained dwelling, complete with its own kitchen and bathroom, extends the property's versatility. It is ideal for visiting guests, an au pair, extended family, or the potential to generate income through holiday accommodation for travellers drawn to the region. Outdoors, a series of well established paddocks awaits grazing animals and livestock, complemented by a substantial 9 metre by 9 metre shed ready for equipment, machinery or feed. The garden unfolds with mature trees and flourishing roses, creating a beautiful backdrop for lazy summer days beside the swimming pool or crisp winter evenings gathered around the outdoor fire. Lovingly maintained over the decades, this home has preserved its historic charm while offering modern comfort and a manageable scale of acreage. It is a rare opportunity to secure a slice of country life without the demands of a large rural holding. Location adds even more appeal. Spend weekends at some of Australia's finest beaches including Torquay, Bells Beach and Ocean Grove, all just thirty minutes away. Westfield is within an eleven minute drive, while Bunnings and Leopold Gateway Plaza are only minutes from home. Families will appreciate the six minute drive to Leopold Primary School, and commuters can reach Melbourne's CBD in around one hour and twenty minutes. Short walk to Italia Club a long established community hub with a variety of entertainment, ceremonies and community involvement for the Italian community.
Additional Development Potential
Subject to relevant approvals and investigations, this property may also appeal to buyers seeking a strategic development opportunity. The site may potentially suit future uses such as childcare, aged care, over 55s living, a motel, veterinary clinic, medical centre or a fuel station. Its substantial land size, combined with flexible zoning, presents an exceptional platform for a broad range of commercial or community-based ventures.
The surrounding area is established with successful commercial operations, reinforcing the long-term potential of this exceptional site. Landholdings of this size are increasingly scarce in high-profile corridors, making this a valuable opportunity in a rapidly expanding pocket of the Bellarine Peninsula. Whether you are expanding an existing portfolio, establishing a new enterprise or building from the ground up, the foundations for success are already in place.
The size of Moolap is approximately 33.1 square kilometres. It has 7 parks covering nearly 28.7% of total area. The population of Moolap in 2016 was 1373 people. By 2021 the population was 1825 showing a population growth of 32.9% in the area during that time. The predominant age group in Moolap is 70-79 years. Households in Moolap are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Moolap work in a trades occupation.In 2021, 67.20% of the homes in Moolap were owner-occupied compared with 81.00% in 2016.
Moolap has 1,592 properties. Over the last 5 years, Houses in Moolap have seen a 37.12% increase in median value, while Units have seen a 47.05% increase. As at 30 November 2025:
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