FOR SALE
UNDER CONTRACT TEAM YPA

36 Frances Crescent
Ballarat East VIC 3350

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Land area: 738m2
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RENOVATE OR DETONATE, THE INVESTORS DREAM!

A fantastic investment opportunity awaits with this well-maintained 3-bedroom home, perfectly positioned on a substantial 738m² block in the sought-after area of Ballarat East. Ideal for the astute investor, this property offers immediate returns, currently rented at $390 per week, the home is generating a steady income while offering significant future development potential.
The spacious block size and its positioning provide an enticing opportunity for potential subdivision (Subject to Council Approval), giving savvy buyers the option to unlock even more value. Whether you're looking to develop or landbank, the size and flexibility of this allotment make it a versatile investment for long-term capital growth.
The house itself is a solid residence, featuring three generously sized bedrooms, a functional kitchen, and a comfortable living space, all appealing features for tenants. The current tenant has made it their home, ensuring consistent rental income for the new owner until March 2025, making this an effortless transition for investors.
Located in the ever-growing and family-friendly Ballarat East, this property offers convenience and lifestyle appeal. With easy access to local amenities, schools, parks, and public transport, it's no wonder the area continues to experience strong demand from both renters and homebuyers alike.
Mark your calendar for the auction on 26th October 2024 at 11:30am, and don't miss this opportunity to secure a property that delivers on both rental returns and future potential. Whether you're an experienced investor or just starting your property portfolio, 36 Frances Crescent is a smart choice with excellent growth prospects.
Contact us today for further details or to arrange a private inspection before auction day!
(Photo ID is required at all open for inspections)
At YPA Ballarat "Our Service Will Move You"
DISCLAIMER: Every precaution has been taken to establish the accuracy of the above information but it does not constitute any representation by the vendor/agent and agency.
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Property Details for 36 Frances Cres, Ballarat East

36 Frances Cres, Ballarat East is a 3 bedroom, 1 bathroom House. The property has a land size of 738m2. The place is currently for sale with YPA Estate Agents -Ballarat.

Building Type
House
Land Size
738m2

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About 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 3,647 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.
There are currently 48 properties listed for sale, and 13 properties listed for rent in Ballarat east on OnTheHouse. According to CoreLogic's data, 165 properties were sold in the past 12 months in Ballarat east.

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