FOR SALE
$295,000 - $315,000

501 Nicholson Street
Black Hill VIC 3350

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 393m2
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TITLED BLOCK WITH PROPOSED PLANS (STCA)

Located in the highly desirable Black Hill neighborhood, this 393m2 (approx) titled block offers a rare opportunity to build your dream home or investment (STCA). Just minutes from the vibrant Ballarat CBD, you'll enjoy easy access to supermarkets, cafes, retail shops, essential services, the Ballarat Train Station, Lake Wendouree, and excellent schools-making this a prime location for your new residence. The proposed development includes two spacious townhouses with two-bedroom layouts, designed for modern open-plan living. Each property features a lock-up garage for added convenience and security. These homes are ideal for first-time buyers, downsizers, or investors looking for quality rental income. Don't miss this exceptional investment opportunity! For more details, contact Lachlan Sylvia today!
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Property Details for 501 Nicholson St, Black Hill

Building Type
Land
Land Size
393m2

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About Black Hill 3350

The size of Black Hill is approximately 1.8 square kilometres. It has 7 parks covering nearly 32.3% of total area. The population of Black Hill in 2011 was 2,131 people. By 2016 the population was 2,118 showing a population decline of 0.6% in the area during that time. The predominant age group in Black Hill is 20-29 years. Households in Black Hill are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Black Hill work in a professional occupation. In 2011, 62.6% of the homes in Black Hill were owner-occupied compared with 61.2% in 2016.

Black Hill has 1,148 properties. Over the last 5 years, Houses in Black Hill have seen a 26.60% increase in median value, while Units have seen a 27.93% increase. As at 31 October 2024:

  • The median value for Houses in Black Hill is $605,294 while the median value for Units is $358,607.
  • Houses have a median rent of $395 while Units have a median rent of $380.
There are currently 10 properties listed for sale, and 2 properties listed for rent in Black hill on OnTheHouse. According to CoreLogic's data, 41 properties were sold in the past 12 months in Black hill.

Suburb Insights for Black Hill 3350

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Lachlan Sylvia
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Tom Lineker
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.