OFF MARKET

86-88 Main Road
Bakery Hill VIC 3350

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 327m2
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Last updated 11 Nov 2024
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Property Details for 86-88 Main Rd, Bakery Hill

86-88 Main Rd, Bakery Hill is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 327m2.

Building Type
House
Land Size
327m2
Local Government
Ballarat

Last Listing description (November 2024)

Looking for a perfect investment property that offers both quality residential living and retail shop? Look no further than this beautiful mixe-used property that offers both excellent lifestyle and investment potential. It features a charming low-maintenance residential home on Porter Street, and a commercial retail shop on Main Road with its own separate entrance, street frontage and plenty of street parking. This is a perfect location for those who are looking for a central location near Bridge Mall and Ballarat Central District.
The retail shop features:
Conveniently located at the heart of Bakery Hill on Main Road.

Walking distance to Bridge Mall, Ballarat Central District and much more that central Ballarat offers
Reliable commercial tenants with lease, this shop is currently operated as a well-equipped caf that is loved by many.
Reliable tenants with lease.
Two separate toilets for the cafe's customers and staff.
Commercial 1 Zoning.
Dual entrance facilitates easy access and free parking for customers, staffs.
The newly renovated Three-bedroom residential property features:
Separate address and entrance on Porter Street.
Three bedrooms including two generous sized bedrooms and the 3rd suitable for a child's bedroom/office. One single bedroom could be suitable for kid's bedroom or home office.
A Spacious laundry provides plenty of storage.
A generously sized central bathroom with toilet and shower.
A cozy functional kitchen, lounge, and meal area offering ample space throughout.
L-shaped new decking beautifully posited around the house, perfect for outdoor entertainment, such as bbq, afternoon tea/coffee or just for a quiet read on a sunny day. The large rear yard is tastefully concreted and easily accommodate 2-3 cars, and double gates offering great outdoor space, good security and low-maintenance living.
A large high-quality shed for extra storage.
This property allows you to acquire both an excellent retail shop and a cozy residential property under one purchase. Whether you're looking for a smart investment or a combined living and business space, this opportunity is a rare gem. Schedule a viewing today to explore the potential and seize this extraordinary chance to own both a thriving shop and a comfortable home in one compelling package. You will surely be pleasantly impressed. For more details or an inspection please contact Novine on 0452368806.

Property History for 86-88 Main Rd, Bakery Hill, VIC 3350

A timeline of how this property has performed in the market
  • 03 Oct 2024
    Listed for Sale Retail Shop plus Back Resident $700,000-750,000
  • 19 Jun 2024
    Listed for Sale Retail Shop plus Back Resident $780,000-$800,000
  • 30 Nov 2023
    Listed for Sale Retail Shop plus Back Resident $780,000-$800,000

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About Bakery Hill 3350

The size of Bakery Hill is approximately 0.2 square kilometres. It has 2 parks. The population of Bakery Hill in 2011 was 174 people. By 2016 the population was 171 showing a population decline of 1.7% in the area during that time. The predominant age group in Bakery Hill is 20-29 years. Households in Bakery Hill are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Bakery Hill work in a professional occupation. In 2011, 45.1% of the homes in Bakery Hill were owner-occupied compared with 46.7% in 2016.

Bakery Hill has 320 properties. Over the last 5 years, Houses in Bakery Hill have seen a 21.39% increase in median value, while Units have seen a 46.19% increase. As at 31 October 2024:

  • The median value for Houses in Bakery Hill is $610,168 while the median value for Units is $456,526.
  • Houses have a median rent of $470.
There are currently 4 properties listed for sale, and 3 properties listed for rent in Bakery hill on OnTheHouse. According to CoreLogic's data, 18 properties were sold in the past 12 months in Bakery hill.

Suburb Insights for Bakery Hill 3350

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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.