202 Nelson StreetBallarat East VIC 3350
Property Details for 202 Nelson St, Ballarat East
202 Nelson St, Ballarat East is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 641m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 3 bedroom House sold in Ballarat East in the last 12 months.
Last Listing description (May 2024)
This is a rare and exciting opportunity for investors, renovators, and developers alike! Presenting a 3 bedroom house in need of restoration, this property offers unlimited potential in the highly sought-after Ballarat East area.
The land opportunity is exceptional, boasting dual street frontages to Nelson Street and Johns Street, making this property perfect for a 2 lot subdivision (STCA). This unique feature allows for versatile development options and increased potential for return on investment.
Located in an established street just a short distance from the vibrant Ballarat CBD, this property is ideally situated for convenience and accessibility. The surrounding area is a popular and well regarded neighborhood, making it an excellent place for your next project.
The property sits on a generous 641m2 parcel of land, providing ample space for any future improvements or constructions. With 3 bedrooms and 1 bathroom, this house is ready for transformation.
Don't miss out on this fantastic investment opportunity! Call today to schedule a private viewing or to learn more about this promising property.
Ballarat's Best-Selling Team.
Property History for 202 Nelson St, Ballarat East, VIC 3350
- 18 Sep 2024Listed for Rent $380 / week
- 15 May 2024Sold for $415,000
- 19 Apr 2024Listed for Sale $375,000 - $395,000
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0About Ballarat East 3350
The size of Ballarat East is approximately 6 square kilometres. It has 15 parks covering nearly 21% of total area. The population of Ballarat East in 2011 was 5,308 people. By 2016 the population was 5,612 showing a population growth of 5.7% in the area during that time. The predominant age group in Ballarat East is 20-29 years. Households in Ballarat East are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ballarat East work in a professional occupation. In 2011, 60% of the homes in Ballarat East were owner-occupied compared with 56.7% in 2016.
Ballarat East has 3,636 properties. Over the last 5 years, Houses in Ballarat East have seen a 26.56% increase in median value, while Units have seen a 16.24% increase. As at 31 October 2024:
- The median value for Houses in Ballarat East is $465,232 while the median value for Units is $369,668.
- Houses have a median rent of $400 while Units have a median rent of $380.
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