OFF MARKET

5 Vale Street
Sebastopol VIC 3356

Bedrooms: 6
Bathrooms: 5
Car spaces: 5
Land area: 446m2
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Property Details for 5 Vale St, Sebastopol

5 Vale St, Sebastopol is a 6 bedroom, 5 bathroom Unit with 5 parking spaces. The property has a land size of 446m2. While the property is not currently for sale or for rent, it was last transferred in September 2015.

Building Type
Unit
Land Size
446m2
Local Government
Ballarat
Lot/Plan
7/PS445758

Last Listing description (January 2023)

Located on a quiet street in Alfredton, this block of units has been well maintained and has good long-term renters.

Consisting of 5 units, Unit 1 is a 2-bedroom unit at the front and there are four more 1-bedroom units. There are also 5 renter carparks on a large block of approximately 915sqm. The current owners have found it a good low-maintenance investment with an excellent yield over many years. With a yield over 5%, this will be a sound long-term investment property.

Each unit consists of an open plan living space with kitchen/meals/lounge with breakfast bar, a bedroom with a built-in-robe and a bathroom/laundry with a shower and toilet. Unit 1 has an additional study/bedroom. Each unit has an electric upright cooker and split system reverse cycle system for heating and cooling.

All sitting on one title, the units are separately metered for water and electricity. Recently, the roof has been resealed, external painting done and new front doors fitted.

The property is located close to Victoria Park, Lake Wendouree and the Aquatic Centre and has Aldi close by and is a short drive to Delacombe Town Centre. Nearby are also schools, medical and pharmacy services and it is close to bus routes.

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Property History for 5 Vale St, Sebastopol, VIC 3356

A timeline of how this property has performed in the market
Last Transferred
08 Sep 2015
  • 16 Sep 2022
    Listed for Sale $940,000 - $980,000
  • 08 Sep 2015
    Transferred
  • 16 May 2002
    Sold for $30,000

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About Sebastopol 3356

The size of Sebastopol is approximately 8.5 square kilometres. It has 15 parks covering nearly 6.1% of total area. The population of Sebastopol in 2011 was 9,398 people. By 2016 the population was 10,020 showing a population growth of 6.6% in the area during that time. The predominant age group in Sebastopol is 20-29 years. Households in Sebastopol are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Sebastopol work in a trades occupation. In 2011, 61.3% of the homes in Sebastopol were owner-occupied compared with 55.6% in 2016.

Sebastopol has 6,312 properties. Over the last 5 years, Houses in Sebastopol have seen a 30.05% increase in median value, while Units have seen a 29.14% increase. As at 31 October 2024:

  • The median value for Houses in Sebastopol is $408,698 while the median value for Units is $309,825.
  • Houses have a median rent of $380 while Units have a median rent of $350.
There are currently 46 properties listed for sale, and 14 properties listed for rent in Sebastopol on OnTheHouse. According to CoreLogic's data, 275 properties were sold in the past 12 months in Sebastopol.

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