THIS well-located property, at Scotsburn, south of ballarat, is an ideal block of land to build your dream home on.

The 30.36ha property has multiple suitable house sites (subject to council approval).

It boasts outstanding views of Mt Buninyong and has a large ornamental lake filled with trout.

Pat Rice and Hawkins agent Rhys Nuttall described the views from the farm as "stunning".

"You've got a really beautiful aspect to this property with it looking at the back of Mt Buninyong and overlooking the lake," Rhys said.

"It's really quite pretty."

The ornamental lake has a three-megalitre irrigation licence.

The property also has a separate bore for stock and domestic use, and is divided into four paddocks ideal for sheep, cattle or horse grazing.

"The soil is great at this property," Rhys said. "It's ideal for any sort of agricultural pursuit.

"The soil is comprised of rich chocolate volcanic soils so it is some of the best soil you'll find in Victoria."

The property is 20 minutes' drive from Ballarat, 45 minutes from Geelong and one-and-a-half hours from central Melbourne.