SOLD
Sold on 12 Aug 2024 for $530,000

14 Queens Avenue
Ararat VIC 3377

Bedrooms: 4
Bathrooms: 5
Car spaces: -
Floor area: 140m2
Land area: 604m2
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Nutrien Harcourts Ararat
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Property Details for 14 Queens Ave, Ararat

14 Queens Ave, Ararat is a 4 bedroom, 5 bathroom Unit and was built in 1935. The property has a land size of 604m2 and floor size of 140m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 4 bedroom Unit sold in Ararat in the last 12 months.

Building Type
Unit
Year Built
1935
Floor Size
140m2
Land Size
604m2
Local Government
Ararat
Lot/Plan
1/TP897275

Last Listing description (October 2024)

Completely renovated in 2019 this masterfully designed property caters for short/long term accommodation & is a registered Rooming House, showcasing 5 fully furnished, self-contained apartments plus extra-shared facilities.

These thoughtfully designed apartments have their own kitchen, bathroom, living quarters and private courtyard. The extra shared kitchen is located near the main entrance with direct access to the deck/sitting area, laundry and carpark. With wheelchair access throughout and fully compliant with current council regulations this unique property has had no expense spared with its clever renovation. Conveniently located only one block from the main street and supermarkets this unique investment opportunity really sets itself apart from your average investment property.

The flexible design and legal classification as a registered rooming house caters for a huge variety of uses such as;

Workers accommodation
Affordable short or long term residential housing
Aged care facility
NDIS housing scheme
Backpackers
Air BNB
Or you can occupy one apartment and lease out the rest!

In recent years there has been booming demand for workers accommodation from roadworkers, the wind farm, AME, Ararat Meat Exports, NDIS ect.

Various leases are in place with opportunity to improve the already healthy yield. Capitalize on Ararat's fantastic rental returns and call the agent today.

5 x bathrooms (1 x disabled)
5 x car parks
6 x Kitchens
5-11x beds

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Property History for 14 Queens Ave, Ararat, VIC 3377

A timeline of how this property has performed in the market
Last Sold
$530,000
12 Aug 2024
  • 12 Aug 2024
    Sold for $530,000
  • 15 Feb 2024
    Listed for Sale $530,000 - $550,000
  • 14 Jan 2021
    Sold for $410,000
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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 4,727 properties. Over the last 5 years, Houses in Ararat have seen a 73.65% increase in median value, while Units have seen a 80.99% increase. As at 30 November 2024:

  • The median value for Houses in Ararat is $345,006 while the median value for Units is $320,483.
  • Houses have a median rent of $380 while Units have a median rent of $335.
There are currently 47 properties listed for sale, and 13 properties listed for rent in Ararat on OnTheHouse. According to CoreLogic's data, 182 properties were sold in the past 12 months in Ararat.

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