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1/1 Richard Drive, Lara$500,000
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1/1 Richard Drive

Lara, VIC 3212, Australia
$500,000
2 bed 1 bath 2 car

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About this property

Set in a quiet and established part of Lara, this well-kept two bedroom unit offers space, comfort and privacy for first home buyers, downsizers and investors looking for a smart purchase in a high-demand location. Inside, you will find two good-sized bedrooms, both fitted with built-in robes, a functional kitchen with breakfast bar, light-filled meals area, and a separate living room with a warm and welcoming feel. The layout works well for everyday living, with a central bathroom, separate toilet, and full laundry adding extra practicality. Year-round comfort is covered with ducted heating, split system cooling, and a low-maintenance setting suited to busy lifestyles. Outside, the private courtyard and covered alfresco create a relaxed space for outdoor dining, quiet mornings, or easy entertaining. A secure single lock-up garage with rear access adds further convenience, while the long driveway gives extra off-street parking. The location adds strong appeal, with easy access to local schools, the Six Ways shopping precinct, public transport, pool, gym, and Lakelands walking trails. Whether you are entering the market, scaling down, or adding to your portfolio, this is a solid property in a sought-after Lara position. DISCLAIMER: Information provided is believed to be reliable but is not guaranteed. Sarab & Co Real Estate recommends independent verification and accepts no liability for decisions made based on this information.

Property Details

Property Type
apartment
Listing Type
Sold
Bedrooms
2
Bathrooms
1
Parking
2
Listed
2 months ago

Repayment calculator

$2,424/month
$1,212 /fortnight
Loan $400,000 at 6.10% over 30 years

Upfront costs

Deposit$100,000
Stamp duty$25,070
Conveyancing (est.)$2,000
Total upfront$127,070
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Lara

This 2-bedroom apartment in Lara, VIC 3212 sits within reach of public transport, local shops and nearby schools. It is listed 30% below the $715,835 median of 62 comparable apartmentswithin 5 km.

Schools near Lara

  • Lara Primary Schoolprimary · Prep-6 · CoEd
  • Lara Secondary Collegesecondary · 7-12 · CoEd

What's nearby

  • Unnamed (bus)218 m away
  • Kut Loose1.5 km away
  • Unnamed111 m away
  • Unnamed394 m away
  • Unnamed431 m away

Lara at a glance

Full suburb profile
Population
19,014
Median age
37
Household income
$1,969/wk
Median rent
$370/wk
Median mortgage
$1,733/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Lara price trend

Median sold · Unit 2 bed

Compound growth +1.1% / yr over 4 yrs

$465kcurrent median

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

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