SOLD
Sold on 08 Mar 2024 for $270,000

2 Banksia Street
Ararat VIC 3377

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 87m2
Land area: 349m2
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Property Details for 2 Banksia St, Ararat

2 Banksia St, Ararat is a 2 bedroom, 1 bathroom Unit. The property has a land size of 349m2 and floor size of 87m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom Unit sold in Ararat in the last 12 months.

Building Type
Unit
Floor Size
87m2
Land Size
349m2
Local Government
Ararat
Lot/Plan
1/SP24275

Last Listing description (April 2024)

Located just one block from Ararat's Main Street, this 2 bedroom brick veneer unit is set on a low maintenance corner block of approx 349 sqm. Features outside include a single carport, a large side-covered paved entertaining area, garden shed, established gardens and paved courtyard. Inside has a large open living area with gas heating and split system, room for dining and kitchen with electric cooking and timber cupboards. The 2 bedrooms have B.I.R's and the bathroom has a separate shower and bath. Perfect opportunity for retirees, downsizers or investors.

Property History for 2 Banksia St, Ararat, VIC 3377

A timeline of how this property has performed in the market
Last Sold
$270,000
08 Mar 2024
Listed for Rent
$195/w
15 Jun 2017
  • 08 Mar 2024
    Sold for $270,000
  • 16 Feb 2023
    Listed for Sale $260,000 - $280,000
  • 23 Mar 2018
    Sold for $190,000
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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 4,716 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 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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Linda Fry
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