OFF MARKET

3/45 Otway Street S
Ballarat East VIC 3350

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 52m2
Land area: 108m2
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Last updated 11 Nov 2024
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Property Details for 3/45 Otway St S, Ballarat East

3/45 Otway St S, Ballarat East is a 1 bedroom, 1 bathroom Unit and was built in 1975. The property has a land size of 108m2 and floor size of 52m2. While the property is not currently for sale or for rent, it was last sold in October 2023.

Building Type
Unit
Year Built
1975
Floor Size
52m2
Land Size
108m2
Local Government
Ballarat
Lot/Plan
3/RP13712

Last Listing description (November 2023)

Conveniently located near parks, swimming pool, shopping, schools, Fed Uni, Sovereign Hill with easy access to public transport and just a short distance to the Ballarat CBD. Enjoy the lifestyle and conveniences of popular Ballarat East.

This quality low maintenance 1 bedroom flat is set amongst established gardens and presents an incredible investment opportunity. Previously returning a weekly rent of $240, projecting the savvy investor a rental yield of well over 5%.

Offering a spacious open plan kitchen, meals and living zone with ceiling fan plus split system heating and cooling to ensure comfort all year round. The generous bedroom offers good storage, a large built-in robe and is serviced by the main bathroom with separate shower and toilet. Completing this property, outside you will find a nice sized private courtyard, garden shed and your own privately designated single carport.

Call Matt today and snap up this perfect addition to your portfolio or become your own landlord!

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Property History for 3/45 Otway St S, Ballarat East, VIC 3350

A timeline of how this property has performed in the market
Last Sold
$225,000
10 Oct 2023
Listed for Rent
$240/w
01 Feb 2023
  • 10 Oct 2023
    Sold for $225,000
  • 28 Aug 2023
    Listed for Sale Contact Agent
  • 05 Jul 2023
    Transferred
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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 3,647 properties. Over the last 5 years, Houses in Ballarat East have seen a 26.56% increase in median value, while Units have seen a 16.24% increase. As at 31 October 2024:

  • The median value for Houses in Ballarat East is $465,232 while the median value for Units is $369,668.
  • Houses have a median rent of $400 while Units have a median rent of $380.
There are currently 48 properties listed for sale, and 13 properties listed for rent in Ballarat east on OnTheHouse. According to CoreLogic's data, 164 properties were sold in the past 12 months in Ballarat east.

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