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Sold on 08 Aug 2024 for $520,000

2/7 Martin Avenue
Lake Wendouree VIC 3350

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 2/7 Martin Ave, Lake Wendouree

2/7 Martin Ave, Lake Wendouree is a 2 bedroom, 1 bathroom House with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom House sold in Lake Wendouree in the last 12 months.

Building Type
House

Last Listing description (August 2024)

This red brick two-bedroom home sits in one of Ballarat's best tree-lined streets that runs straight into famous Lake Wendouree. The location is also convenient to Wendouree Train Station, Howitt Street shopping strip and Ballarat Grammar. The home offers a desirable lifestyle with Lake Wendouree at your door step while the low maintenance nature of the property allows you to pack up and travel at the drop of a hat without worrying about your property's upkeep. The home is very neat and tidy and ready for the lucky purchaser to move straight in. The modern kitchen with induction cooking has a bright attached meals area while the lounge is also generous. There are two bedrooms with built in robes and a bathroom with separate shower and bath. Other features inside include full laundry, direct access to single remote garage, gas central heating and a split system. Outside you have a secure enclosed yard with a mature garden. Homes of this quality in this blue chip location do not last long, the exclusive listing agent Dominic Morrison looks forward to meeting you at another busy Ballarat Real Estate open home.

TH2705

Property History for 2/7 Martin Ave, Lake Wendouree, VIC 3350

A timeline of how this property has performed in the market
Last Sold
$520,000
08 Aug 2024
Listed for Rent
$270/w
23 Jan 2014
  • 29 Jul 2024
    Sold for $520,000
  • 03 Apr 2024
    Listed for Sale $520,000 - $550,000
  • 15 Jan 2014
    Listed for Rent $270 / week
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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 1,579 properties. Over the last 5 years, Houses in Lake Wendouree have seen a 27.43% increase in median value, while Units have seen a 14.90% increase. As at 30 November 2024:

  • The median value for Houses in Lake Wendouree is $803,741 while the median value for Units is $458,172.
  • Houses have a median rent of $420 while Units have a median rent of $420.
There are currently 9 properties listed for sale, and 4 properties listed for rent in Lake wendouree on OnTheHouse. According to CoreLogic's data, 53 properties were sold in the past 12 months in Lake wendouree.

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Dominic Morrison
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Mitchell Burgess
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