Only 300 meters from the centre of Wallace, you have the hotel, recreation oval and kindergarten at your fingertips. This property is zoned township under the Moorabool Shire Planning Scheme and offers approximately 115 metres frontage with a depth of 363 metres. The massive land area of approx. 10 acres or 4 hectares allows for value adding options, unlimited possibilities and excellent subdivision potential.
The house is connected to both town water and natural gas and would be an ideal renovator with solid foundations, 1920 s era country style heritage home, Offering 4 bedrooms, separate formal lounge room and large farm style kitchen. Outside the land is fenced into three paddocks offers an older style raised shearing shed, with fertile soil mixture of red and black loam soils. There is a single car garage, colourful and established gardens and sealed road at the front. You are only 15 minutes drive from Ballarat, 10 minutes to the Ballarat Train Station and 60 minutes to the Westgate Bridge.
The size of Wallace is approximately 11.2 square kilometres. The population of Wallace in 2016 was 187 people. By 2021 the population was 227 showing a population growth of 21.4% in the area during that time. The predominant age group in Wallace is 60-69 years. Households in Wallace are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Wallace work in a managers occupation.In 2021, 82.90% of the homes in Wallace were owner-occupied compared with 80.30% in 2016.
Wallace has 109 properties. Over the last 5 years, Houses in Wallace have seen a 17.49% increase in median value. As at 31 March 2026:
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