25 Patullos Rd

Lara VIC 3212

654 m²

House

Last sold for $650,000

Peter Norman, last sold this property on 22 February 2026 after 61 days on market.

Overview

Exceptional Opportunity with Approved Plans & Permits on 654m2

Set on a generous 654m² (approx.) allotment and complete with approved plans and permits for a four-bedroom double-storey residence, 25 Patullos Road, Lara presents a standout opportunity for developers, investors, or families seeking a comfortable home with significant future upside. The existing residence offers immediate liveability, featuring a light-filled lounge complemented by a split system for year-round comfort. Three well-proportioned bedrooms cater to practical family living, one with a built-in robe, while the neatly presented kitchen and dining zone provides ample space for everyday meals and relaxed entertaining. Step outside to a welcoming alfresco area, ideal for hosting family and friends, overlooking a spacious backyard with plenty of room for children, pets, or to plan ahead while future development is underway. An enclosed carport adds the convenience of secure off-street parking. Positioned in a highly convenient and tightly held pocket of Lara, the property is within walking distance to Rod's Bakery and the Six Ways shops, with easy access to public transport, parks, playgrounds, and St Anthony's Primary School. Lara's main shopping precinct, quality local schools, Lara Lake Reserve, Serendip Sanctuary, the You Yangs, Avalon Airport, Lara Train Station, and the Princes Freeway to Melbourne or Geelong are all close by. Adding to the appeal, the property is currently leased at $450 per week, with a rent increase scheduled to $465 per week from February 2026, providing immediate holding income while future plans are considered. With approved development already in place, this property offers rare flexibility-move in, lease out, or commence development immediately. A high-potential site in a growing Geelong corridor, this is an opportunity not to be missed. *Every precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the vendor or agent.* *Photo ID is required at all open for inspections.*

Features

3 bedrooms

1 bathroom

1 carspace

1 carport space

654 m² lot size

House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Lara over the last 12 months, the estimated median property value of 25 Patullos Rd is $650k.

Median value

$650k

Estimated value range

$510k - $1.12m

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Lara. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.