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Sold on 23 May 2024 for $155,000

3 Ballarat Street N
Talbot VIC 3371

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 941m2
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Property Details for 3 Ballarat St N, Talbot

3 Ballarat St N, Talbot is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 941m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 3 bedroom House sold in Talbot in the last 12 months.

Building Type
House
Land Size
941m2
Local Government
Central Goldfields
Lot/Plan
1/TP18583

Last Listing description (May 2024)

Exceptional Investment Opportunity: Priced for Immediate Sale

Introducing an unparalleled opportunity to own the most affordable house on the market. Are you searching for a quaint country cottage with a white picket fence, wood stove, and an inviting veranda? Here it is, ready and awaiting your vision. The price is not a typo; it genuinely reflects the potential and understanding that renovation will be substantial. Previous improvements were impressive until an unfortunate fire incident. Now, this presents a unique chance to renovate, rebuild, or potentially develop multiple dwellings subject to council approval (STCA).

This historic 3-bedroom cottage, located at 3 Ballarat Street North in Talbot, Victoria, could be the cornerstone of your property portfolio. We are transparent about the condition-it needs significant work, including rewiring, reroofing, and replastering, among other repairs, to restore its charm and make it habitable for living or rental purposes.

Set on a generous double block in the scenic, historic town of Talbot, close to the regional hubs of Maryborough and Ballarat, with daily train services in both directions, this property offers both convenience and potential.

Yes, it's a project with considerable challenges, but the opportunity is immense. Ready to take on a rewarding project? Contact Team Real Estate Kate today at Maryborough Ballarat Real Estate for more information and to seize this rare offer.
A planning permit with Central Goldfields Shire for partial demolition and extension to the dwelling was issued in February 2024 and included in the vendor statement.

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Property History for 3 Ballarat St N, Talbot, VIC 3371

A timeline of how this property has performed in the market
Last Sold
$155,000
23 May 2024
Listed for Rent
$350/w
04 Jan 2022
  • 20 May 2024
    Sold for $155,000
  • 15 May 2024
    Listed for Sale $149,500 - $164,450
  • 24 Dec 2021
    Listed for Rent $350 / week
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About Talbot 3371

The size of Talbot is approximately 32.5 square kilometres. It has 2 parks covering nearly 11.2% of total area. The population of Talbot in 2011 was 714 people. By 2016 the population was 439 showing a population decline of 38.5% in the area during that time. The predominant age group in Talbot is 50-59 years. Households in Talbot are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Talbot work in a labourer occupation. In 2011, 86.4% of the homes in Talbot were owner-occupied compared with 77.9% in 2016.

Talbot has 452 properties. Over the last 5 years, Houses in Talbot have seen a 112.37% increase in median value, while Units have seen a -10.57% decrease. As at 30 September 2024:

  • The median value for Houses in Talbot is $407,054 while the median value for Units is $287,844.
There are currently 15 properties listed for sale, and no properties listed for rent in Talbot on OnTheHouse. According to CoreLogic's data, 9 properties were sold in the past 12 months in Talbot.

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Kate Ashton
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