SOLD
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Sold on 16 Jan 2024 for $250,000

33 Princes Street
Ararat VIC 3377

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Land area: 1000m2
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Property Details for 33 Princes St, Ararat

33 Princes St, Ararat is a 2 bedroom, 1 bathroom House. The property has a land size of 1000m2. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 2 bedroom House sold in Ararat in the last 12 months.

Building Type
House
Land Size
1000m2
Local Government
Ararat
Lot/Plan
2~73/PP5017

Last Listing description (January 2024)

Attention Investor Developers: Here's an exceptional opportunity in a prime central location! This 1000 sq.m corner block comes with side lane access and is zoned as 'General Residential.' The property is ideally situated within the schools precinct and is just a stone's throw away from the CBD, two supermarkets, and the train station. It's a strategic location that promises a bright future for your investment.
This property presents numerous possibilities for investor developers and renovators alike. Consider a multi-townhouse development (STCA) to maximize the potential of this site. You also have the option to renovate the existing house, increasing its rental cash flow value, or continue collecting the current rent of $300 per week from the current renters.
The period cottage exudes character with its high ceilings and offers a comfortable lounge complete with gas heating. There are two good-sized bedrooms and an additional bungalow for added space. The older-style kitchen provides plenty of storage cupboards and even a walk-in pantry. The bathroom features a shower over the bath, and a separate toilet.

With easy yard access from the lane, garden sheds, storage sheds, and rental compliance, this property is ripe for development or renovation. Don't miss out on this opportunity to invest in your future now. Contact us today to learn more about this promising real estate venture.

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Property History for 33 Princes St, Ararat, VIC 3377

A timeline of how this property has performed in the market
Last Sold
$250,000
16 Jan 2024
Listed for Rent
$290/w
11 May 2022
  • 25 Dec 2023
    Sold for $250,000
  • 19 Oct 2023
    Listed for Sale Price Range $240,000 - $260,000
  • 11 May 2022
    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 48 properties listed for sale, and 12 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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