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Sold on 15 May 2024 for $415,000

202 Nelson Street
Ballarat East VIC 3350

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 641m2
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Property Details for 202 Nelson St, Ballarat East

202 Nelson St, Ballarat East is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 641m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 3 bedroom House sold in Ballarat East in the last 12 months.

Building Type
House
Land Size
641m2

Last Listing description (May 2024)

This is a rare and exciting opportunity for investors, renovators, and developers alike! Presenting a 3 bedroom house in need of restoration, this property offers unlimited potential in the highly sought-after Ballarat East area.

The land opportunity is exceptional, boasting dual street frontages to Nelson Street and Johns Street, making this property perfect for a 2 lot subdivision (STCA). This unique feature allows for versatile development options and increased potential for return on investment.

Located in an established street just a short distance from the vibrant Ballarat CBD, this property is ideally situated for convenience and accessibility. The surrounding area is a popular and well regarded neighborhood, making it an excellent place for your next project.

The property sits on a generous 641m2 parcel of land, providing ample space for any future improvements or constructions. With 3 bedrooms and 1 bathroom, this house is ready for transformation.
Don't miss out on this fantastic investment opportunity! Call today to schedule a private viewing or to learn more about this promising property.

Ballarat's Best-Selling Team.

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Property History for 202 Nelson St, Ballarat East, VIC 3350

A timeline of how this property has performed in the market
Last Sold
$415,000
15 May 2024
Listed for Rent
$380/w
18 Sep 2024
  • 18 Sep 2024
    Listed for Rent $380 / week
  • 15 May 2024
    Sold for $415,000
  • 19 Apr 2024
    Listed for Sale $375,000 - $395,000
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About Ballarat East 3350

The size of Ballarat East is approximately 6 square kilometres. It has 15 parks covering nearly 21% of total area. The population of Ballarat East in 2011 was 5,308 people. By 2016 the population was 5,612 showing a population growth of 5.7% in the area during that time. The predominant age group in Ballarat East is 20-29 years. Households in Ballarat East are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ballarat East work in a professional occupation. In 2011, 60% of the homes in Ballarat East were owner-occupied compared with 56.7% in 2016.

Ballarat East has 3,650 properties. Over the last 5 years, Houses in Ballarat East have seen a 26.97% increase in median value, while Units have seen a 18.22% increase. As at 30 November 2024:

  • The median value for Houses in Ballarat East is $471,151 while the median value for Units is $377,134.
  • Houses have a median rent of $400 while Units have a median rent of $370.
There are currently 48 properties listed for sale, and 10 properties listed for rent in Ballarat east on OnTheHouse. According to CoreLogic's data, 175 properties were sold in the past 12 months in Ballarat east.

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