38 Princes Street NBallarat East VIC 3350
Property Details for 38 Princes St N, Ballarat East
38 Princes St N, Ballarat East is a 2 bedroom, 1 bathroom House with 3 parking spaces and was built in 1950. The property has a land size of 939m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in December 2020.
Last Listing description (February 2021)
Offering a rare and fantastic opportunity with unlimited potential, this sweet cottage is tucked behind a tall timber fence with a side driveway to a massive allotment of approx. 939sqm.
Ideally positioned in a quiet, convenient cul de sac of Ballarat East, this property offers strong capital growth prospects with a fully renovated home to live in or lease out (rental appraised between $300-$340 per week) while contemplating the land's prosperous future.
This indisputable opportunity offers enormous scope to extend the existing two bedroom home or for astute developers/investors, this land would be suitable for sub-division (subject to council approval).
Fully renovated inside with new wiring, plumbing and internal framing, this skillion roof cottage boasts a generous open plan living/dining with central heating, an A/C unit and vinyl plank flooring, stepping down to a completely overhauled kitchen with stainless steel appliances, ample storage and modern shaker style cabinetry.
The bathroom is fully tiled with a large full width shower, above-bench vanity with black hardware and toilet, while the laundry is perfectly tucked away in a semi European style creating easy access from the kitchen and to the outdoors.
With a backdrop of trees, walking trails, and the Yarrowee river, this property is easily accessed. This opportunity will interest city and local investors with a four minute drive to the Ballarat train station and the CBD.
Property History for 38 Princes St N, Ballarat East, VIC 3350
- 18 Jan 2021Listed for Rent $340 / week
- 16 Dec 2020Sold for $490,500
- 03 Dec 2020Listed for Sale $440,000 - $470,000
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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 3,647 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.
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