Sold for $322,500
Looking For A Subdivision With Planning Approval
This property offers a rare opportunity to update to your own taste and add additional value to the land and existing character of the home.
Located in a sought after pocket of Ballarat; just a short stroll to Pennyweight Park, MADE Museum or the Wildlife Park, this property also offers fabulous shopping and restaurants choices just moments away in Central Ballarat.
This character filled, Victorian miners cottage located on the city fringe has outstanding street appeal with; iron lacework, bull nose veranda and a little picket fence across the breadth of the land.
Some original features are still evident with high ceilings and timber floors, while a little renovation over the years has made this two bedroom home with two double carports very comfortable and currently tenanted at $220pw till April 2018.
The real trump card of this property is the land?s development opportunity.
With permits in place to construct three townhouses (whilst keeping the original cottage), this property has PROSPECT written all over it.
The current drawings of the units consist of 2 X 2 bedroom units, with 1 bathroom & 1 garage plus a further 1x 2 bedroom unit with 2 bathrooms and no car coverage. (Although this could be varied with a little tweaking if necessary).
Therefore if you are searching for a development site, but need to ?live in? while furthering your real estate port folio; this is an exciting opportunity which will certainly work for you or astute investor.
Call our agent today for all the details and development plans ready to GO!
About ballarat east
median house price466000
median house rent295
suburb rental yield3.3%
Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.