408 Peel Street NBlack Hill VIC 3350
Property Details for 408 Peel St N, Black Hill
408 Peel St N, Black Hill is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1910. The property has a land size of 1100m2. While the property is not currently for sale or for rent, it was last sold in February 2019.
Last Listing description (November 2024)
This substantial property spans two titles and boasts impressive street appeal, offering boundless possibilities with no easements in place. This rare canvas invites visions of subdivision, a multi-residence development, or the creation of a dream home on an expansive footprint, surrounded by established charm and located in a sought-after area with easy access to town.
Currently occupied by a long-term tenant, it provides immediate rental returns while you contemplate future plans, making it a savvy acquisition for both investors and homeowners. Its generous proportions and exceptional position close to the Ballarat train station, CBD, Parkland and essential amenities offer ample scope to craft a residence or development that complements the character of the area.
This is an opportunity to secure a significant parcel in a high-growth areawhether you're envisioning a modern living sanctuary or a rewarding addition to your portfolio, this address is poised for transformation.
Property History for 408 Peel St N, Black Hill, VIC 3350
- 07 Nov 2024Listed for Sale $660,000 - $690,000
- 20 Oct 2023Listed for Rent $370 / week
- 14 Mar 2023Listed for Rent - Price not available
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About Black Hill 3350
The size of Black Hill is approximately 1.8 square kilometres. It has 7 parks covering nearly 32.3% of total area. The population of Black Hill in 2011 was 2,131 people. By 2016 the population was 2,118 showing a population decline of 0.6% in the area during that time. The predominant age group in Black Hill is 20-29 years. Households in Black Hill are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Black Hill work in a professional occupation. In 2011, 62.6% of the homes in Black Hill were owner-occupied compared with 61.2% in 2016.
Black Hill has 1,148 properties. Over the last 5 years, Houses in Black Hill have seen a 26.60% increase in median value, while Units have seen a 27.93% increase. As at 31 October 2024:
- The median value for Houses in Black Hill is $605,294 while the median value for Units is $358,607.
- Houses have a median rent of $395 while Units have a median rent of $380.
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