OFF MARKET

406 Drummond Street N
Ballarat Central VIC 3350

Bedrooms: 6
Bathrooms: 5
Car spaces: 5
Land area: 970m2
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Last updated 11 Nov 2024
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Property Details for 406 Drummond St N, Ballarat Central

406 Drummond St N, Ballarat Central is a 6 bedroom, 5 bathroom Unit with 5 parking spaces. The property has a land size of 970m2. While the property is not currently for sale or for rent, it was last transferred in May 2023.

Building Type
Unit
Land Size
970m2
Local Government
Ballarat
Lot/Plan
1/TP567277

Last Listing description (November 2024)

Introducing an Exceptional Investment Opportunity in Ballarat Central: 406 Drummond Street North.

Discover the rare chance to own an entire unit complex nestled within the heart of Ballarat Central. This unique property offers a total of five apartments, comprising one spacious two-bedroom unit and four comfortable one-bedroom apartments, all situated on approximately 970m2 of land.

Strategically positioned in a serene complex along Drummond Street North, tranquility meets convenience with this prime location. Residents will enjoy proximity to essential amenities including hospitals, public transport options, and the vibrant CBD. A short stroll to picturesque Lake Wendouree will ensure a lifestyle of ease and accessibility.

Each apartment within the complex boasts its own distinctive features:

Single Bedroom with Built-In Robe: Offering cozy comfort and practical storage solutions.
Open Plan Lounge & Dining: Welcoming spaces designed for relaxation and entertaining, complete with gas heating for added warmth during the cooler months.
Functional Kitchen with Electric Cooking: Equipped for culinary adventures, the kitchen areas provide ample storage and preparation space.
Combined Bathroom & Laundry: Streamlined convenience meets functionality with a combined space featuring a vanity, shower, and laundry facilities.
Single Carport: Secure off-street parking for residents, ensuring peace of mind and convenience.
Well-Maintained External Grounds: Surrounded by meticulously kept grounds, the complex exudes charm and tranquility, providing residents with a peaceful retreat in the heart of the city.

Whether you're an astute investor seeking a promising addition to your portfolio or a savvy homeowner looking to capitalize on the benefits of unit living, this property presents an unparalleled opportunity.

Don't miss your chance to secure this remarkable complex and experience the best of Ballarat living. Contact us today to arrange a viewing and seize this opportunity before it's too late.

Ballarat's Best-Selling Team.

Property History for 406 Drummond St N, Ballarat Central, VIC 3350

A timeline of how this property has performed in the market
Last Transferred
04 May 2023
  • 18 Mar 2024
    Listed for Sale $1,750,000 - $1,850,000
  • 04 May 2023
    Transferred

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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.
There are currently 46 properties listed for sale, and 14 properties listed for rent in Ballarat central on OnTheHouse. According to CoreLogic's data, 154 properties were sold in the past 12 months in Ballarat central.

Suburb Insights for Ballarat Central 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.