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1 Springvale Road, Lockwood South$1.05m
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1 Springvale Road

Lockwood South, VIC 3551, Australia
$1m – $1.10m
6 bed 3 bath 5 car8.5 ha

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About this property

Wrapped in wide, shady verandahs and thoughtfully linked by a clever central breezeway, these two adjoining Western Red Cedar homes sit peacefully among beautiful established gardens, on sought after lifestyle acreage close to urban convenience. Just 15 minutes from Kangaroo Flat's shopping, services and transport, the location allows you to dip in and out of city life with ease - and enjoy the privacy, tranquillity and space that only an acreage property can provide. This is a truly unique opportunity to secure a lifestyle that blends independence, flexibility and income potential in a picturesque setting. Both homes reflect pride of ownership and have been meticulously cared for by the same family since construction. Both offer three bedrooms, excellent storage, and beautiful outlooks to the gardens and versatile property beyond. There is a cost reducing solar system, 66,000L of rainwater storage, fruit trees, a 5.2m x 8.6m caravan port, spacious entertaining deck, large dam, and a 9m x 18.4m shed with concrete floor and power. This dual occupancy configuration is perfect for families seeking multi generational living or two households wanting independence without distance. It's a future proofing proposition allowing owners to age in place while keeping loved ones close. For buyers who may not have considered dual occupancy, the second residence presents outstanding potential for guest accommodation or fixed term rental to supplement your income or enhance the funds at your disposal in retirement. Positioned between Maldon and Bendigo - both strong tourist destinations, the property is exceptionally well placed to capture guest accommodation demand. It also represents a compelling opportunity for shared ownership between siblings, relatives, friends or joint venture partners, with legal frameworks available to support co ownership arrangements. This is a remarkable property boasting 21 acres with two quality homes and a wealth of possibilities for living, sharing and earning. A copy of the Due Diligence checklist can be found at https://www.consumer.vic.gov.au/duediligencechecklist

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
6
Bathrooms
3
Parking
5
Land Area
8.5 ha
Listed
2 months ago

Repayment calculator

$5,090/month
$2,545 /fortnight
Loan $840,000 at 6.10% over 30 years

Upfront costs

Deposit$210,000
Stamp duty$57,750
Conveyancing (est.)$2,000
Total upfront$269,750
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 Lockwood South

This 6-bedroom house in Lockwood South, VIC 3551 sits within reach of and nearby schools. It is listed 9% below the $1.15m median of 13 comparable houseswithin 5 km.

Schools near Lockwood South

  • Lockwood South Primary Schoolprimary · Prep-6 · CoEd

Lockwood South at a glance

Full suburb profile
Population
1,052
Median age
41
Household income
$2,112/wk
Median rent
$320/wk
Median mortgage
$1,633/mo

Source: ABS Census.

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