1/132 Lambert StreetArarat VIC 3377
Property Details for 1/132 Lambert St, Ararat
Last Listing description (March 2018)
Resort Brokers ID : INV002291
12 room motel and spacious 2 bedroom manager's house, built in 2005
Modern 3 1/2 star property
Motel tenancy secured by a long 28 year lease
Low mainenance property
Ongoing depreciation allowance
Additional sub-divided land for development.
At the rear of the complex, there is a option to purchase two x 3 bedroom houses, built in 2010
Property History for 1/132 Lambert St, Ararat, VIC 3377
- 14 Mar 2024Sold for $76,500
- 19 Jul 2021Sold for $50,000
- 01 Jun 2021Sold for $58,000
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0About 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 4,707 properties. Over the last 5 years, Houses in Ararat have seen a 70.93% increase in median value, while Units have seen a 57.67% increase. As at 30 September 2024:
- The median value for Houses in Ararat is $341,798 while the median value for Units is $307,862.
- Houses have a median rent of $380 while Units have a median rent of $338.
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