OFF MARKET

105 Lexton Street
Lake Wendouree VIC 3350

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Land area: 1230m2
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Property Details for 105 Lexton St, Lake Wendouree

105 Lexton St, Lake Wendouree is a 5 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 1230m2. While the property is not currently for sale or for rent, it was last sold in June 2022.

Building Type
House
Land Size
1230m2
Local Government
Ballarat
Lot/Plan
72/PP5030

Last Listing description (November 2022)

105 Lexton St in the highly coveted location of Lake Wendouree is quite simply a unique opportunity indeed.

Sitting on approximately 1230m2 and currently leased on a commercial basis.

In use as a Supported Residential Care Facility (Browen Lee Home) accommodating 12 guests on an annual rental return of $42.820.00 makes this a compelling consideration for investors, SMSF managers and or developers (STCA)

The property itself is a grand 1930s style bungalow with return verandah to the front and comprises 5 bedrooms, kitchen, 2 bathrooms and living room and at the rear a further unit complex accommodating 7 guests.

The current tenant is keen to extend her lease beyond the existing agreement and as per commercial lease conditions is responsible for all outgoings.

This location is prime Ballarat real estate and offers sound capital growth potential.

Inspections are strictly by appointment and given the current covid situation all potential buyers must have a double vax certificate to enter the premises.

For more information please call. Don Hanlon PRD.

Property History for 105 Lexton St, Lake Wendouree, VIC 3350

A timeline of how this property has performed in the market
Last Sold
$1,100,000
16 Jun 2022
  • 16 Jun 2022
    Sold for $1,100,000
  • 20 Dec 2021
    Listed for Sale $1,100,000
  • 09 Jun 2017
    Transferred

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About Lake Wendouree 3350

The size of Lake Wendouree is approximately 4.6 square kilometres. It has 6 parks covering nearly 65.7% of total area. The population of Lake Wendouree in 2011 was 2,883 people. By 2016 the population was 2,892 showing a population growth of 0.3% in the area during that time. The predominant age group in Lake Wendouree is 50-59 years. Households in Lake Wendouree are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lake Wendouree work in a professional occupation. In 2011, 68.5% of the homes in Lake Wendouree were owner-occupied compared with 70% in 2016.

Lake Wendouree has 1,581 properties. Over the last 5 years, Houses in Lake Wendouree have seen a 29.24% increase in median value, while Units have seen a 12.07% increase. As at 31 October 2024:

  • The median value for Houses in Lake Wendouree is $820,054 while the median value for Units is $445,445.
  • Houses have a median rent of $400 while Units have a median rent of $420.
There are currently 7 properties listed for sale, and 4 properties listed for rent in Lake wendouree on OnTheHouse. According to CoreLogic's data, 54 properties were sold in the past 12 months in Lake wendouree.

Suburb Insights for Lake Wendouree 3350

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.