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5 Markshill Place, Lara, Vic 3212 For Sale
5 Markshill Place, Lara, Vic 3212 5 Markshill Place, Lara, Vic 3212-Image 5 Markshill Place, Lara, Vic 3212-Image 5 Markshill Place, Lara, Vic 3212-Image 5 Markshill Place, Lara, Vic 3212-Image 5 Markshill Place, Lara, Vic 3212-Image 5 Markshill Place, Lara, Vic 3212-Image 5 Markshill Place, Lara, Vic 3212-Image 5 Markshill Place, Lara, Vic 3212-Image 5 Markshill Place, Lara, Vic 3212-Image 5 Markshill Place, Lara, Vic 3212-Image 5 Markshill Place, Lara, Vic 3212-Image 5 Markshill Place, Lara, Vic 3212-Image 5 Markshill Place, Lara, Vic 3212-Floorplan

5 Markshill Place, Lara, Vic 3212

$550,000 - $600,000

House
Type
3
Bedrooms
2
Bathrooms
2
Parkings
745 mΒ²
Area

Published on Friday, September 18, 2026 ( See property details for 5 Markshill Place, Lara, Vic 3212)

$550,000 - $600,000

Auction Tuesday 20 October at 5:00 pm | View All

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile and spacious family home on a large corner block with development potential, perfectly positioned in a quiet, established Lara locale.

🏑 Property Highlights

  • Substantial 745m2 corner allotment with development potential (STCA)
  • Flexible property suitable for first home buyers, renovators, investors, and developers
  • Three spacious bedrooms and two bathrooms
  • Two separate living zones offering versatile living options
  • Excellent renovation potential to add value
  • Prime location close to schools, shops, parks, and transport links

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Garage
  • Outdoor Area
  • Waterfront / Views
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Fully Fenced
  • Pet-Friendly
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5 Markshill Place
Lara, VIC 3212
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Vertical aerial view β€” 5 Markshill Place
5 Markshill Place — Vertical Aerial  •  Lara, VIC 3212  •  Nearmap © 2026

Lara is a highly sought-after suburb known for its family-friendly atmosphere, excellent amenities, and convenient access to Geelong and Melbourne. The area boasts a range of parks, schools, and shopping precincts, making it ideal for both families and investors. Its established community and quiet streets provide a peaceful lifestyle, while proximity to transport options ensures easy commuting. The suburb continues to grow, offering excellent potential for future development and capital growth.

What is the condition of the property and its renovation potential?
The property offers excellent renovation potential, allowing buyers to modernise and add value to the existing home.
Is there scope for subdivision or future development?
Yes, the large corner allotment presents potential for subdivision or development, subject to council approval (STCA).
What amenities are nearby?
The property is conveniently located close to schools, shops, cafes, parks, sporting facilities, and public transport including Lara Train Station.
Are there any restrictions or covenants on the property?
Any restrictions or covenants would need to be confirmed with the local council and relevant authorities.
What are the nearby transport options?
Lara Train Station provides easy access to Geelong and Melbourne, making commuting straightforward.
Are there any existing planning restrictions or zoning overlays that could affect subdivision or development plans? Has the property been affected by any flooding or bushfire risks in the past? Are there any easements or covenants on the land that could impact future use? What are the current council rates and any additional levies or fees? Is there any history of structural issues or repairs needed for the existing home? Are there any upcoming council or community projects that could impact the neighbourhood? What is the condition of the existing infrastructure, including plumbing and electrical systems? Are there any restrictions on renovations or extensions due to heritage or local planning policies? Is the property compliant with all building codes and regulations? Are there any nearby construction or development plans that could affect the property’s value or living environment?

5 Markshill Place, Lara, Vic 3212 - More Details

$550,000 - $600,000

Perfectly positioned in a quiet and established pocket of Lara, 5 Markshill Place offers an exciting opportunity on a substantial 745m2 (approx.) corner allotment, with potential for subdivision or future development (STCA).

The existing home offers three bedrooms, two bathrooms and two separate living zones, providing a comfortable foundation for first home buyers while also presenting plenty of scope for those looking to renovate, modernise and add value.

The generous corner position provides flexibility rarely found in today's market, making this property equally appealing to first home buyers, renovators, investors and developers looking for their next project.

Location is another standout, with the property conveniently positioned close to Lara's shopping precinct, local schools, childcare, parks, sporting facilities, cafes and public transport, while Lara Train Station and easy access to Geelong and Melbourne are also within easy reach. Everything you need is close by, making day-to-day living incredibly convenient.

Key Features:
β€’ 745m2 approx.) corner allotment
β€’ Potential subdivision/development opportunity (STCA)
β€’ Three bedrooms
β€’ Two bathrooms
β€’ Two separate living zones
β€’ Excellent renovation potential
β€’ Ideal for first home buyers, renovators, investors or developers
β€’ Close to schools, shops, cafes, parks and sporting facilities
β€’ Convenient access to Lara Train Station, Geelong and Melbourne
β€’ Quiet, established and highly convenient location

*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.*

*Virtually staged for illustrative purposes*

Type
House
Bedrooms
3
Bathrooms
2
Parkings
2
Area
745 mΒ²

Price guide

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  • 5 Markshill Place, Lara, Vic 3212

    Tuesday 20 October
    5:00 pm
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