FOR SALE
$250,000

32 Smith Street
Ararat VIC 3377

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 640m2
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Affordable Entry level home

Attention investors and first home buyers: this neat weatherboard home offers an affordable entry into the property market, priced well below the median house price. For investors, this property promises attractive returns of $300-$320 per week in Ararat's booming rental market.
The home is designed for low maintenance living, with recent exterior painting, sturdy concrete stumps, and durable aluminum windows. Inside, the kitchen is equipped with a modern gas stove, providing all the essentials for home-cooked meals. The bathroom features a shower over the bath, and there is a separate toilet for added convenience.
Situated on a low maintenance 640 sq.m block, the property includes a covered verandah, perfect for summer BBQs and outdoor entertaining. A 6m x 3.7m garage offers ample storage or workshop space. Additional features include a solar system to reduce energy costs, as well as fruit trees and a veggie patch for those who enjoy gardening.
This property combines affordability with practicality, making it an ideal choice for first home buyers looking to enter the market or investors seeking solid rental returns in a thriving community.
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Property Details for 32 Smith St, Ararat

32 Smith St, Ararat is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 640m2. The place is currently for sale with Ray White Ararat.

Building Type
House
Land Size
640m2

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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 12 properties listed for rent in Ararat on OnTheHouse. According to CoreLogic's data, 185 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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