OFF MARKET

17 Kofoed Street
Ararat VIC 3377

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 101m2
Land area: 991m2
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Last updated 11 Nov 2024
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Property Details for 17 Kofoed St, Ararat

17 Kofoed St, Ararat is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1940. The property has a land size of 991m2 and floor size of 101m2. While the property is not currently for sale or for rent, it was last sold in June 2022.

Building Type
House
Year Built
1940
Floor Size
101m2
Land Size
991m2
Local Government
Ararat
Lot/Plan
1/TP128451

Last Listing description (August 2022)

Sale by Fixed Date closing Tuesday 14th June , 2022 at 12pm (Unless Sold Prior ). Indicative buyer range $290,000-$300,000

Investor- developers what an amazing opportunity to secure a home set on a huge 990 sq.m block with 2 Street access plus the added bonus of a current planning permit for a 2 lot subdivision.

Ararat's property market is booming and with a shortage of rental accommodation, this is a great opportunity for investors to update the home to increase its rentability while they finalise the subdivision, develop 1 or 2 townhouses at the rear (STCA) to also rent out or to resell.
Set in a central location close to the CBD, train station & East Grampians Health service. Currently leased at $290 p/w, this home offers 3 good size bedrooms, recently installed R/C split-system in the lounge, shower , bath and modern vanity. The home retains old world charm with pine ceilings, dado boards & bull nose verandah.

Property History for 17 Kofoed St, Ararat, VIC 3377

A timeline of how this property has performed in the market
Last Sold
$285,000
17 Jun 2022
Listed for Rent
$280/w
24 Nov 2020
  • 17 Jun 2022
    Sold for $285,000
  • 25 May 2022
    Listed for Sale Sale By Fixed Date - 14th June, 2022 @ 12 Noon
  • 23 Nov 2020
    Listed for Rent - Price not available
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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 4,716 properties. Over the last 5 years, Houses in Ararat have seen a 73.38% increase in median value, while Units have seen a 65.45% increase. As at 31 October 2024:

  • The median value for Houses in Ararat is $341,066 while the median value for Units is $319,415.
  • Houses have a median rent of $380 while Units have a median rent of $340.
There are currently 47 properties listed for sale, and 12 properties listed for rent in Ararat on OnTheHouse. According to CoreLogic's data, 185 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.