717 Bungaree-Wallace Rd, Wallace is a 4 bedroom, 3 bathroom House with 2 parking spaces and was built in 1996. The property has a land size of 12476m2 and floor size of 455m2. While the property is not currently for sale or for rent, it was last sold in February 2021.
This property represents a unique opportunity to secure a magnificent home on approx. 3 acres and embrace a charming rural lifestyle. The stunning residence blends elegance and grandeur with contemporary style and family comfort. Positioned just a short drive to Ballarat's schools, hospitals, and the fast train to Melbourne.
Arriving at the property you are greeted by the circular driveway, manicured gardens and the breathtaking faade. The impressive design features dormer windows decorating the front and rear of the home and a large porch entry.
There is also an enormous 160m2 approx. basement, which offers scope to add additional bedrooms, bathrooms, man cave, games room, recording studio, wine cellar or even a B & B. The opportunities are endless with ample lighting, hydronic heating and pre-thought out pipework to add additional wet areas.
Entry to the house is by the impressive hallway. To the left is a substantial formal dining room ideal for hosting large gatherings. On the right is the formal lounge room boasting a feature brick fireplace. Further down the hallway is an additional living area with sliding doors through to the rear deck, with a powder room nearby.
On the same level, the blackwood kitchen comprises a moveable island bench, a large black ILVE freestanding oven, stainless steel dishwasher, large pantry. The open plan dining area includes an open fireplace and further access to the balcony to take the party outside.
Versatile accommodation upstairs comprising 2 generous bedrooms, a full main bathroom, the master suite with built-in wardrobes and large ensuite with spa bath and bidet.
The master bedroom has roof access to the attic that can also offer additional living or sleeping space. In addition, there is a large 4th bedroom located above the garage which could also function as a perfect home office. The double garage to the side of the property includes added clearance for storage of larger vehicles, caravans and boats.
Some of the many quality features include:
High ceilings, hydronic heating, Oregon timber structure throughout the home for termite resistance. The basement exterior is constructed with concrete-filled blocks for extra stability, original outdoor stables, a dam and fully fenced boundaries.
This remarkable home is perfect for families looking for a tree change, positioned just off the Western freeway with Melbourne and Geelong just over an hour away and Ballarat a short drive away.
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 28.04% increase in median value. As at 30 November 2025:
N/A
N/A
View TrendN/A
N/A
N/A
N/A
View TrendN/A
N/A
© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.