Back 48 Penstone Crescent
Off Market

48 Penstone Crescent

Lara VIC 3212

4
2
2
House
Last sold for $749,000
Fadi YousifFadi Yousif, last sold this property on 29 April 2026 after -18 days on market.

Overview

Solid Investment in a High-Growth Lara Location

Positioned in a family-friendly pocket of Lara, this modern home presents an excellent opportunity for investors seeking strong tenant appeal, low maintenance, and long-term capital growth. With a practical layout and quality finishes throughout, the property is designed for easy leasing and consistent demand. Investment Highlights: -4 well-sized bedrooms with built-in robes -Master bedroom with walk-in robe and private ensuite -Central bathroom with separate bath and shower -Light-filled open-plan kitchen, meals, and living area -Modern kitchen with quality appliances and ample storage -Heating and cooling for year-round tenant comfort -Double garage with internal access -Low-maintenance backyard to minimise ongoing costs Location Highlights: -Strong rental demand within Lara's growing residential market -Close to schools, parks, childcare, and local shopping centres -Easy access to Princes Highway, Geelong CBD, and Avalon Airport -Continued infrastructure and community growth supporting future value A well-positioned asset offering reliable rental appeal and long-term investment confidence. Contact us today

Features

4 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in Lara over the last 12 months, the estimated median property value of 48 Penstone Crescent is $750k.

Median value
$750k
Estimated value range
$582k - $1.5m
Median days on market
37
Estimated value trend
1%
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.

Property history for 48 Penstone Crescent

2026
Rented
Undisclosed
Leased on 26 May 2026 by Barry Plant Belmont
2026
Sold
$749,000
29 Apr 2026 by Fadi Yousif, of Raine & Horne Vanguard

Happy sellers in Lara

82%
82% of sellers in Lara reported that their sale price either exceeded or met their price expectations.

Lara stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 42 reviews in Lara over the last 12 months.

Local market activity for 4 bedroom houses in Lara

In the last 12 months, 250 four-bedroom houses similar to 48 Penstone Crescent, have been sold.

This represents a 7% decrease in four-bedroom houses sales when compared to the previous 12 months.

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