736 Bungaree-Wallace Rd, Wallace is a 5 bedroom, 2 bathroom House with 10 parking spaces and was built in 1990. The property has a land size of 2526m2 and floor size of 313m2.This Property is currently listed for sale with Ray White Ballarat
Set in an idyllic country setting in the beautiful township of Wallace, this exceptional lifestyle property offers space, versatility and convenience in equal measure. Perfectly positioned just off the service road with easy freeway access, you're only 10 minutes to the edge of Ballarat and approximately 1 hour 15 minutes to Melbourne.Enjoy the charm of true community living with the highly regarded Wallace Hotel, local kindergarten, general store and caf all within walking distance.Set on a substantial and fully usable 2,527sqm (approx.) flat allotment, the home itself-quality built by Des Ricks-delivers impressive proportions and flexibility for large or growing families.Offering five generous bedrooms, the expansive parents' suite is a true retreat complete with its own lounge area, walk-in robe, study and private ensuite. The remaining four bedrooms all include built-in robes and are serviced by a central bathroom.The heart of the home is the well-appointed kitchen featuring a breakfast bar and walk-in pantry, seamlessly connecting to the dining/meals zone. Multiple living areas ensure space for everyone, including an extremely large main living room, rumpus room and a second study. A full laundry and extensive storage options further enhance practicality.Year-round comfort is assured with a Fujitsu reverse cycle heating and cooling system, Braemar gas ducted floor heating and a large gas log fire. A continuous gas hot water system provides instant efficiency.Outside, the infrastructure is simply outstanding. Car enthusiasts, tradies or business operators will appreciate the 8mx13.3m four-car garage plus an impressive 9mx16.75m commercial shed complete with mezzanine level, wood heater and convenient side access.Entertain in style under the large undercover alfresco area, surrounded by beautifully landscaped gardens, fruit trees and lifestyle extras including: 3.5m x 3.5m concreted shed Charming gazebo Attractive studio with verandah Greenhouse Paved fire pit areaThe property is exceptionally well serviced with 2-phase power, solar system with battery, mains water plus 10,000L tank, bore, septic system and mains gas connection.This is a rare opportunity to secure a substantial family home with outstanding shedding and infrastructure in a tightly held lifestyle location-offering the perfect balance of peaceful country living and city convenience.
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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