54 Morton Street

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About this property

Raine & Horne Land Victoria proudly presents an exceptional lifestyle and development opportunity on approximately 24,400m² (approx. 6 acres) within the Township Zone, positioned on the elevated Bankin Hill in Learmonth. Boasting breathtaking panoramic views across Ballarat, Lake Learmonth, and surrounding countryside, this rare property offers both lifestyle appeal and future development potential across two titles. The charming heritage home provides a blank canvas for restoration, with building materials already on site and significant scope to add value. The residence features five bedrooms, multiple living areas, a country-style kitchen, and stunning period details including pressed metal ceilings and timber floors. With expansive verandas, a large shed with mezzanine, and excellent access to Ballarat and the Western Highway, this is a unique opportunity for renovators, lifestyle buyers, or developers seeking a high-potential asset in a tightly held location. Property Features: • Approx. 24,400m² (6 acres) in Township Zone across two lots • Five spacious bedrooms including unfinished master suite • Large bathroom with clawfoot bath, separate shower and double vanity • Strong subdivision and development potential in 4,000m² lots under Township Zone (STCA) • Exceptional elevated position with panoramic views of Ballarat and Lake Learmonth • Heritage home with significant renovation and value-add potential • Grand 67-foot central hallway with original period features • Pressed metal ceilings and polished timber floors throughout • Country-style kitchen with stone benchtops, island bench and walk-in pantry • Formal lounge with fireplace and slow combustion wood heater • Separate family living area with built-in cabinetry and wood heater • Front, side and rear verandas plus decked outdoor entertaining area • Large shed with mezzanine providing ample storage/workspace • Mains sewer connection plus approx. 11,000-gallon water tank and mains water • Located minutes to Western Highway and approx. 15 minutes to Ballarat • Close to Lake Learmonth, cafes, hotel, sporting facilities and local amenities Call Kevin Paghdar on +61 426 510 510 Or Sagar Bhaliya on 0426 992 493 today for further enquiries and to inspect the property. Interested parties should conduct their due diligence prior to making any submissions. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent. Due Diligence Checklist - http://www.consumer.vic.gov.au/duediligencechecklist

Property Features

Location & Nearby

Approximate location shown. Contact agent for exact address.