Lot 2/124 Galatea Road, Newtown, VIC, 3351

2 Lifestyle Lots - RLZ | Elevated Homesites (STCA) | River Frontage Potential

Land
Type

Last updated on Friday, March 27, 2026 ( See property details for Lot 2/124 Galatea Road, Newtown, VIC, 3351)

$475,000 - $505,000

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A rare opportunity to acquire two versatile rural lifestyle blocks with stunning valley views, water licence, and excellent future home potential near Newtown and Ballarat.

🏡 Property Highlights

  • Prime elevated homesites with sweeping valley views (STCA)
  • Two separately titled lifestyle blocks for versatile use
  • Approx. 8 acres and 4 acres offering ample space for various pursuits
  • Gently undulating land leading to scenic river flats
  • Fenced pasture ideal for grazing livestock or ponies
  • Valuable 5-megalitre water licence transferable to either block

✨ Key Features

  • Two separately titled lifestyle lots
  • Approx. 8 acres
  • Approx. 4 acres
  • Rural Living Zone (RLZ)
  • Elevated homesites with expansive valley views (STCA)
  • Gently undulating land leading to river flats
  • Fenced pasture suitable for grazing
  • Power available in the area
  • Surrounded by quality homes
  • Water licence

Newtown offers a tranquil rural setting with picturesque natural surrounds, ideal for those seeking a peaceful lifestyle. The area features quality homes and accessible amenities, just a short drive to Ballarat. Surrounded by scenic river valleys, it provides excellent opportunities for hobby farming, equestrian pursuits, and future development. The proximity to primary schools and local services makes it a convenient yet serene location for families and investors alike.

Can I build a permanent residence on these blocks?
Yes, subject to council approval and complying with the Rural Living Zone (RLZ) regulations, you can build a permanent home on either of these blocks.
Is the water licence transferable and what can it be used for?
The 5-megalitre water licence is transferable to either block and can be used for stock watering, irrigation, or future lifestyle needs.
What are the zoning restrictions for these properties?
The properties are zoned Rural Living Zone (RLZ), which allows for residential building, hobby farming, and small-scale agricultural pursuits, subject to council approval.
Are power and utilities available on-site?
Power is available in the area, with connections possible to each block. Other utilities should be confirmed with local providers.
What is the land's suitability for grazing or hobby farming?
The land features fenced pasture suitable for grazing livestock or ponies, making it ideal for hobby farming pursuits.
Are there any planning or zoning restrictions that could affect future development or subdivision? Are there any easements, covenants, or encumbrances on the titles that could impact use or access? Has a recent land survey been conducted to confirm boundaries and land size? Are there any known environmental issues, such as flood or bushfire risks, affecting the land? What are the costs associated with connecting utilities and services to the blocks? Is there any existing infrastructure or planning for future road access or upgrades? Are there any restrictions on building height or design due to local council regulations? Has the land been tested for soil stability or suitability for building? Are there any nearby developments or planning proposals that could impact the rural character or views? What are the ongoing costs, such as rates, land tax, or maintenance, associated with owning these blocks?

Lot 2/124 Galatea Road, Newtown, VIC, 3351 - Point Of Interest

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