506 Dana StreetBallarat Central VIC 3350
Property Details for 506 Dana St, Ballarat Central
506 Dana St, Ballarat Central is a 12 bedroom, 6 bathroom Unit. The property has a land size of 1894m2. While the property is not currently for sale or for rent, it was last sold in December 2021.
Last Listing description (December 2021)
Superbly located within two blocks Central Square Shopping Centre, Myer, Target, Town Hall, restaurants and the renowned restaurants and eateries that Ballarat offers.
Comprising 6 apartments (2 x 1, 2 x 2 & 2 x 3 bdrms) each in excellent condition with intercom entry and undercover parking in a secure gated complex.
All securely leased to highly recommended tenants offering an immediate income with return in excess $80,000 per annum.
A rare and fantastic opportunity to purchase this period property offering great potential for both future rental and capital growth.
Contact Sole Selling Agents for further details and to arrange your inspection.
Property History for 506 Dana St, Ballarat Central, VIC 3350
- 09 Dec 2021Sold for $1,960,000
- 16 Sep 2021Listed for Sale For Sale
- 14 May 2019Sold for $1,250,000
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0About 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 4,392 properties. Over the last 5 years, Houses in Ballarat Central have seen a 20.83% increase in median value, while Units have seen a 24.85% increase. As at 30 November 2024:
- The median value for Houses in Ballarat Central is $632,760 while the median value for Units is $384,041.
- Houses have a median rent of $410 while Units have a median rent of $360.
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