2/1005 South StreetBallarat Central VIC 3350
Property Details for 2/1005 South St, Ballarat Central
2/1005 South St, Ballarat Central is a 1 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 87m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 1 bedroom Unit sold in Ballarat Central in the last 12 months.
Last Listing description (September 2024)
Welcome to 2/1005 South Street Ballarat Central - an ideal unit offering convenience and comfort in a sought-after location. This brick, fresh single-story unit features a practical layout with 1 bedroom, 1 bathroom, and 1 spacious living area. Located in a prime spot, residents enjoy immediate access to public transport, making trips to the central city shopping precinct effortless being only walking distance from the Ballarat CBD. Nearby amenities include parks, schools, and recreational facilities, ensuring a well-rounded lifestyle.
Featuring a large light filled living room with split system heating and cooling, good-sized bedroom with built in robes, neat kitchen with a combined bathroom laundry. The unit is compact and easily maintained with off street parking. This unit is perfect for the first home buyer, downsizer or investor, currently leased to by a great renter on a month by month lease with a current rental return of $250 per week. current market rental appraisal puts this unit at $265per week showing great potential for the keen investor.
This property presents an excellent opportunity to the astute purchaser, this unit is a must see, you will be pleasantly surprise.
Property History for 2/1005 South St, Ballarat Central, VIC 3350
- 12 Sep 2024Sold for $225,000
- 31 Jul 2024Listed for Sale $225,000 - $235,000
- 03 Aug 2023Listed for Rent $250 / week
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About Ballarat Central 3350
The size of Ballarat Central is approximately 3.8 square kilometres. It has 5 parks covering nearly 3.7% of total area. The population of Ballarat Central in 2011 was 5,464 people. By 2016 the population was 5,333 showing a population decline of 2.4% in the area during that time. The predominant age group in Ballarat Central is 20-29 years. Households in Ballarat Central are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ballarat Central work in a professional occupation. In 2011, 56.8% of the homes in Ballarat Central were owner-occupied compared with 56.9% in 2016.
Ballarat Central has 4,384 properties. Over the last 5 years, Houses in Ballarat Central have seen a 20.44% increase in median value, while Units have seen a 24.38% increase. As at 31 October 2024:
- The median value for Houses in Ballarat Central is $632,539 while the median value for Units is $381,926.
- Houses have a median rent of $420 while Units have a median rent of $370.
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