FOR SALE
$345,000 - $365,000

11 Banksia Street
Ararat VIC 3377

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 689m2
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CENTRALLY LOCATED GEM OOZING WITH CHARACTER

Centrally located, this stylishly renovated weatherboard home offers a desirable lifestyle in the heart of Ararat. Just one block from the bustling CBD, this contemporary residence promises convenience and charm in equal measure. Imagine stepping out your front door and being mere moments from cafes, shops, and all the amenities that make urban living so desirable.
The home's open living layout creates a spacious and inviting atmosphere. Three generously sized bedrooms provide ample space with two of the bedrooms boasting original pressed-metal ceilings that add a touch of historical elegance to the modern design. The kitchen is equipped with a gas cooktop and dishwasher and provides ample cupboard and bench space throughout. The gas log fire heating and split system air-conditioning/heating ensure comfort year-round and the updated gas hot water system and new carpet throughout further enhance the home's appeal.
Stepping outside and you'll be greeted by a wrap-around Merbau deck at the front of the house, perfect for enjoying your morning coffee or evening sunset and the electric double roller door provides secure access to a large rear entertaining area, ideal for hosting gatherings with friends and family. The updated colour bond roof adds to the home's contemporary aesthetic and ensures durability.
This property isn't just a beautiful place to live; it's also a smart investment. With an excellent Airbnb history and a previous fixed lease rental income of $400 per week, it offers potential for significant returns. The combination of its prime location, stylish renovations, and versatile living spaces make this home a standout choice.
Don't miss the opportunity to make this centrally located gem your own. Experience the best of Ararat living and inspect this exceptional property today!
TH2308
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Property Details for 11 Banksia St, Ararat

11 Banksia St, Ararat is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 689m2. The place is currently for sale with Real Estate Group.

Building Type
House
Land Size
689m2

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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 4,706 properties. Over the last 5 years, Houses in Ararat have seen a 78.76% increase in median value, while Units have seen a 50.33% increase. As at 31 July 2024:

  • The median value for Houses in Ararat is $343,667 while the median value for Units is $279,055.
  • Houses have a median rent of $380 while Units have a median rent of $338.
There are currently 52 properties listed for sale, and 9 properties listed for rent in Ararat on OnTheHouse. According to CoreLogic's data, 178 properties were sold in the past 12 months in Ararat.

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Aidan Moar
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Real Estate Group
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