Lot 128 - Penstone Crescent - Lara

Lara, Greater Geelong, VIC, 3212

$ 749,000

Lara, Greater Geelong, VIC, 3212
Lot 128 - Penstone Crescent - Lara-0
Lot 128 - Penstone Crescent - Lara-1
Lot 128 - Penstone Crescent - Lara-2
Lot 128 - Penstone Crescent - Lara-3

Property Images

Lot 128 - Penstone Crescent - Lara-0 Lot 128 - Penstone Crescent - Lara-1 Lot 128 - Penstone Crescent - Lara-2 Lot 128 - Penstone Crescent - Lara-3

Overview

Property ID: LA-15089

  • House and Land
  • Property Type
  • 4
  • Bedrooms
  • 2
  • Bathrooms
  • 2
  • Cars
  • 203

Details

Updated on Jun 16, 2025 at 06:00 pm

Property Type: House and Land
Price: $ 749,000
Land Price: N/A
Build Price: N/A
Gross Per Week: $ 655
Gross Per Annum: $ 34,060
Gross Yield: 4.55%
Capital Growth 12 Months: -0.78%
Capital Growth 10 Year Annualised: 6.29%
Vacancy Rate: 2.14%
Property Size: 203 m2
Land Area: 294 m2
Bedrooms: 4
Bathrooms: 2
Parking: 2
Title Status: Registered
Property ID: 15089
SKU: 1001

Description

*Please be advised that some lots/units may need confirmation of availability. Kindly ensure to check availability first by emailing or phoning us*

Lara is a charming, leafy township located about 17 km northeast of Geelong and roughly 60 km southwest of Melbourne’s CBD, set in the City of Greater Geelong. With around 19,000 residents (2021 Census), it offers a unique blend of semi-rural tranquillity and commuter convenience.

The heart of Lara is centered around the redeveloped Lara Town Centre (also called Lara Village or Centreway), where you’ll find a Coles (since 2014), Woolworths (since 2016), McDonald's, The Reject Shop, Anytime Fitness, banks, pharmacies, cafés, and specialty stores.There's also a monthly community market at Pirra Homestead and multiple smaller shops and services nearby .

Families have access to several local schools. Core offerings include Lara Primary, Lara Lake Primary, St Anthony’s Primary, and Lara Secondary College (Years 7–12). Avalon College (for international students) adds extra educational diversity.

Nature lovers will thrive here—Hovell’s Creek winds through the suburb, connecting Lara Lake Reserve, Serendip Sanctuary (home to walking trails and wildlife), and the imposing You Yangs Regional Park with its bushwalking, mountain biking, and scenic lookouts. The town also offers a heated outdoor pool, skatepark, sports clubs (football, cricket, soccer, netball, baseball, bowling), golf course, tennis courts, and more .

Lara Railway Station on the Geelong–Warrnambool line is a commuter magnet: about an hour into Melbourne and under 15 minutes to Geelong. Frequent services (every 20 minutes during peak), part-time staffed station, and Myki Zones 2/3/4 overlap add to its appeal  Additionally, CDC Geelong bus routes 10/11/12 serve the suburb. Road links via the Princes Freeway provide seamless connections to both Melbourne and Geelong, and Avalon Airport is just 10 minutes away

Disclaimer*

Reservation Requirements: 1. Completed EOI (Property Reservation form under Fusion CRM Online Forms) 2. Holding deposit receipt (amount TBA) 3. Copy of client's finance pre-approval letter/comfort letter from the broker 4. Copy of client's ID
All details shown have been provided by third parties, for full details and inclusions please refer to the land and building contracts.

Address Lot 128 - Penstone Crescent - Lara
City Greater Geelong
State VIC
Postcode 3212
Suburb Lara

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Capital Growth 12 months, measures the increase in a property’s value over the previous 12 months, indicating how much the investment has appreciated in that timeframe.

Capital Growth 10-year annualised, reflects the average annual increase in a property’s value over the last decade, smoothing out short-term fluctuations to show long-term appreciation trends.

Vacancy Rate, indicates the percentage of properties that are currently unoccupied in that postcode, It’s a key indicator for investors to assess the rental demand.

SMSF Property Investing, when investing inside your SMSF there are some restrictions on how you can purchase investment properties. We use the following information to help navigate the SMSF investment property options.

This property is a single-contract property suitable for an SMSF.

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