OFF MARKET

123 High Street
Ararat VIC 3377

Bedrooms: 4
Bathrooms: 2
Car spaces: -
Floor area: 62m2
Land area: 660m2
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Last updated 10 Feb 2025
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Property Details for 123 High St, Ararat

123 High St, Ararat is a 4 bedroom, 2 bathroom House and was built in 1960. The property has a land size of 660m2 and floor size of 62m2.

Building Type
House
Year Built
1960
Floor Size
62m2
Land Size
660m2
Local Government
Ararat

Last Listing description (July 2024)

Secure your financial future with this rare double brick Victorian Duplex, set on approx. 660 sq.m. block. Zoned Commercial 1, Main Road commercial aspect, 2 Dwellings on 1Title. This is a sensational opportunity to create wealth through two rental incomes totaling $495 per week ( $25,740 p.a.) to reliable tenants ( Current Market Rent would be $530 p/w, $27560 p.a.)
1 / 123 High Street
- New 12 month lease signed, fixed until Sept 2025 paying $265 per week, increasing to $275 on 10/10/2024.

- Open plan living with soaring ceilings, recently installed R/C split-system, neat kitchen and bathroom, 2 generous size bedrooms and good size yard,
2 / 123 High Street
- Currently rented for $230 per week in a fixed lease until December 2023 to a long standing tenant (current market rent $265 p/w) .
- Modernised kitchen, open plan living with soaring ceilings, R/C split system, neat bathroom and courtyard.
Located close to the schools precinct, supermarkets, CBD and train station. With a long term rental history and a booming rental market, this opportunity is not to be missed.

Property History for 123 High St, Ararat, VIC 3377

A timeline of how this property has performed in the market
Listed for Rent
$180/w
18 May 2015
  • 03 Aug 2023
    Listed for Sale Price Range $380,000 - $399,000
  • 24 Jun 2016
    Listed for Rent $190 / week
  • 12 Apr 2016
    Listed for Rent $190 / week
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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 4,725 properties. Over the last 5 years, Houses in Ararat have seen a 59.43% increase in median value, while Units have seen a 61.50% increase. As at 31 January 2025:

  • The median value for Houses in Ararat is $343,288 while the median value for Units is $298,436.
  • Houses have a median rent of $380 while Units have a median rent of $340.
There are currently 37 properties listed for sale, and 9 properties listed for rent in Ararat on OnTheHouse. According to CoreLogic's data, 201 properties were sold in the past 12 months in Ararat.

Suburb Insights for Ararat 3377

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Disclaimer
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.