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Back 69 Lockwood Road
Off Market

69 Lockwood Road

Kangaroo Flat VIC 3555

3
2
2
1615 m²
House
Last sold for $727,000
Tim RookeTim Rooke, last sold this property on 20 February 2026 after -48 days on market.

Overview

RIPE FOR RENOVATION AND/OR DEVELOPMENT

Set on a huge 1,615m² (approx) allotment in an ultra-convenient Kangaroo Flat location, this solid brick, one-owner home presents a rare and exciting opportunity for developers, investors and owner-occupiers alike. Positioned just a moments walk from the Kangaroo Flat shopping precinct, supermarkets, schools, public transport and everyday amenities, the location is definitely one that will always be in demand! Immaculately maintained and built to last, the current residence is "as solid as they come" and offers the choice to comfortably live in or renovate, or alternatively remove and redevelop to fully capitalise on the generous landholding. With more than adequate space at the side of the home for a driveway to the rear, the property lends itself to a potential 34 unit development at the rear (STCA), meaning the scope here is undeniable. The existing home retains all of its original charm and features, and is very liveable in its current form for owner occupiers until they decide to renovate something that would clearly enhance the home for the future. For the investor, there is some work required to meet minimum standards legislation and compliance, but if completed, the rental return is estimated at approx. $580-$600 per week a solid income whilst you obtain permits to subdivide and develop. The floorplan is deceptively spacious, and neat and tidy in its current form. Accommodation includes three bedrooms, with the master enjoying a walk-in robe and ensuite. There is a separate study ideal for those working from home, and a central family bathroom and separate toilet service the remaining rooms. The layout offers excellent flexibility with two spacious living zones, including a sunken front lounge, and a functional kitchen with adjoining meals area will suffice for now until it's time to update. A large rear laundry completes the floorplan. Outdoors is where this property truly shines. The expansive backyard provides endless possibilities, whether you're planning a multi-unit development, extensive landscaping, or simply enjoying the space that's becoming increasingly hard to find. A wide side driveway offers excellent access to the rear, and for the renovator or tradesperson, the substantial brick shed with concrete floor and power is a standout inclusion. An undercover alfresco area off the side of the home provides a sheltered space to relax or entertain while planning the next chapter. A much-loved home on a remarkable block, offering limitless potential - opportunities like this are becoming increasingly rare.

Features

3 bedrooms
2 bathrooms
2 carspaces
1615 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Kangaroo Flat over the last 12 months, the estimated median property value of 69 Lockwood Road is $574.5k.

Median value
$574.5k
Estimated value range
$340.01k - $3.55m
Median days on market
27
Estimated value trend
11%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Kangaroo Flat. 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 69 Lockwood Road

2026
Sold
$727,000
Private Sale/Treaty on 20 Feb 2026 by Tim Rooke, of PH Property

Happy sellers in Kangaroo Flat

81%
81% of sellers in Kangaroo Flat reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 36 reviews in Kangaroo Flat over the last 12 months.

Local market activity for 3 bedroom houses in Kangaroo Flat

In the last 12 months, 102 three-bedroom houses similar to 69 Lockwood Road, have been sold.

This represents a 36% increase in three-bedroom houses sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Kangaroo Flat

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Katie Ross

Katie Ross is an award winning recommended agent for Kangaroo Flat.  They have collected 11 local reviews across the last 12 months.

  •   5   (43 reviews)
  •  11 Reviews in Kangaroo Flat
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Nekti Tzouroutis

Sellers who recommend Nekti Tzouroutis have praised them for being clear communication, local expert, honest, supportive, friendly, responsive and reliable

  •   5   (404 reviews)
  •  9 Reviews in Kangaroo Flat
  •  9 Sales in Kangaroo Flat
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Nathan Diss

Nathan Diss is a recommended agent for Kangaroo Flat.  They have 24 local sales and collected 3 local reviews across the last 12 months.

  •   5   (46 reviews)
  •  3 Reviews in Kangaroo Flat
  •  24 Sales in Kangaroo Flat
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Sacha Dale

Sacha Dale is an award winning recommended agent for Kangaroo Flat.  They have 6 local sales and collected 3 local reviews across the last 12 months.

  •   5   (39 reviews)
  •  3 Reviews in Kangaroo Flat
  •  6 Sales in Kangaroo Flat
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