Back 8 Magnetic Drive
Off Market

8 Magnetic Drive

Alfredton VIC 3350

512 m²
Land
Last sold for $482,500
Sean TooheySean Toohey, last sold this property on 01 March 2026 after 732 days on market.

Overview

Rare Opportunity: Prime Land in Prestigious Insignia Estate

Nestled within the esteemed Insignia Estate, this exceptional property presents a rare chance to secure one of the last vacant blocks of land in the area. Boasting a generous size of approximately 512m2 with a 16-metre frontage, this parcel offers an ideal canvas for your dream home. • With title already secured, take advantage of the opportunity to commence your home-building journey immediately. • Surrounded by high-quality homes, this property promises a neighborhood defined by elegance and sophistication. • Enjoy ample space with approximately 512m2 of prime real estate, offering plenty of room for your dream home and outdoor amenities. • All essential services are readily available, including water, electricity, and gas, streamlining the building process. • Benefit from the convenience of kerb and channelling already in place, ensuring a seamless transition to construction. • Conveniently located near parklands and the esteemed Ballarat Golf Course, offering opportunities for leisure and recreation. • Enjoy the serenity of being within walking distance to the picturesque Lake Wendouree, perfect for morning strolls and outdoor activities. • Just a short drive away from the bustling Ballarat CBD, providing access to a plethora of dining, shopping, and entertainment options. • Close proximity to a variety of reputable schools ensures convenience and peace of mind for families with children. • Contact Sean today for further details

Features

512 m² lot size
Land

Estimated Value

Based on this property and similar land plots sold in Alfredton over the last 12 months, the estimated median property value of 8 Magnetic Drive is $266k.

Median value
$266k
Estimated value range
$155k - $482.5k
Median days on market
134
Estimated value trend
21%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Alfredton. 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 8 Magnetic Drive

2026
Sold
$482,500
01 Mar 2026 by Sean Toohey, of McGrath Ballarat
2021
Sold
$460,000
22 Feb 2021 by Mark Nunn, of Buxton Ballarat
2019
Sold
$380,000
Private Sale/Treaty on 11 Dec 2019 by Penny Shields, of PRD Ballarat

Happy sellers in Alfredton

94%
94% of sellers in Alfredton reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 53 reviews in Alfredton over the last 12 months.

Local market activity for land plots in Alfredton

In the last 12 months, 13 land plots similar to 8 Magnetic Drive, have been sold.

This represents a 14% increase in land plots sales when compared to the previous 12 months.

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