FOR SALE
Price Range $415,000 - $459,000

4 Vincent Street
Ararat VIC 3377

Bedrooms: 3
Bathrooms: 2
Car spaces: -
Land area: 1000m2
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1000 sqm Block with a 2 lot planning permit

Investor developers take note: this prime property offers immense potential. Set on a substantial 1000 sq.m block with rear lane access, this parcel comes with a planning permit for a 2-lot subdivision, providing lucrative development opportunities. Currently yielding returns of $450 per week, this renovated, charming Victorian-style home sits on approximately 1,000 sq.m and boasts a large backyard.
Ideally located close to the main shopping strip, local schools, and parks, this property ensures convenience and accessibility. The home features 3 bedrooms, each equipped with reverse-cycle units for year-round comfort. The main bedroom includes an ensuite, while a small laundry area leads to the main bathroom. The open-plan kitchen, equipped with a dishwasher and a 900mm gas cooktop, offers ample bench space, flowing seamlessly into the dining area and living room, which also has a reverse-cycle heating/cooling system. Additionally, there is a versatile space that can serve as a playroom or small home office.
The living area extends to a large covered deck, perfect for year-round entertaining, overlooking a spacious and well-maintained garden. This property's substantial backyard offers enormous potential for future development, making it an attractive option for investor developers.
Seize this opportunity to invest in a property with existing income and significant development potential in a desirable location.
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Property Details for 4 Vincent St, Ararat

4 Vincent St, Ararat is a 3 bedroom, 2 bathroom House. The property has a land size of 1000m2. The place is currently for sale with Ray White Ararat.

Building Type
House
Land Size
1000m2

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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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Ray White Ararat
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