FOR SALE
IBR: $250,000

100 Banfield Street
Ararat VIC 3377

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Land area: 394m2
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Attention all Investors!

Sale By Fixed Date - Wednesday 11th December , 2024 @ 12pm (Unless Sold Prior). Indicative Buyer Range $250,000.
We have an exciting opportunity for you-a large 394 sq.m low maintenance block located in a highly sought-after West end location and a short drive to the CBD. This property is ideally situated only 3-4 blocks away from Ararat West Primary School and offers semi-rural views towards One Tree Hill.
Currently, the property is occupied by a long standing renter paying $250 p/w. This provides an immediate rental income for the prospective buyer, cladded exterior for low maintenance for worry free investing.
Inside, the house comprises two bedrooms, with an additional smaller third bedroom or study / sunroom at the rear. The spacious lounge area is equipped with a split system and ceiling fan for comfort. The kitchen offers an electric cooktop and oven, along with space for dining. The bathroom features a shower and vanity.
This is a unique and affordable chance to either enter the real estate market or enhance your existing portfolio. Don't miss out on this opportunity-act now!
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Property Details for 100 Banfield St, Ararat

100 Banfield St, Ararat is a 2 bedroom, 1 bathroom House. The property has a land size of 394m2. The place is currently for sale with Ray White Ararat.

Building Type
House
Land Size
394m2

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About Ararat 3377

The size of Ararat is approximately 161.2 square kilometres. It has 25 parks covering nearly 14.9% of total area. The population of Ararat in 2011 was 8,076 people. By 2016 the population was 8,298 showing a population growth of 2.7% in the area during that time. The predominant age group in Ararat is 50-59 years. Households in Ararat are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ararat work in a labourer occupation. In 2011, 70.9% of the homes in Ararat were owner-occupied compared with 68.1% in 2016.

Ararat has 4,716 properties. Over the last 5 years, Houses in Ararat have seen a 73.38% increase in median value, while Units have seen a 65.45% increase. As at 31 October 2024:

  • The median value for Houses in Ararat is $341,066 while the median value for Units is $319,415.
  • Houses have a median rent of $380 while Units have a median rent of $340.
There are currently 47 properties listed for sale, and 13 properties listed for rent in Ararat on OnTheHouse. According to CoreLogic's data, 182 properties were sold in the past 12 months in Ararat.

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Adam Walker
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Ray White Ararat
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