Sold for $335,000
Central Miners Rest Position, Large 1/2 Acre Allotment
This fabulous Miners Rest property provides scope to renovate, extend the floor plan by adding value to the present day proportions, or consider a re-development of the entire site(STCA). Zoned Mixed Use under the City of Ballarat Council (no. 2038337), the land is approx. 2053.8m2 or 1/2 an acre with a 20 metre frontage and an approx. depth 100 metres, could be developed into 4 units with all services available at your fingertips.
This low maintenance brick veneer home offers a massive backyard ideal while providing comfortable accommodation for the developer. Just two doors away from the local supermarket, with the Miners Rest General Store directly opposite - all services are well within walking distance.
Light filled and boasting carpeted bedrooms, a formal lounge room with feature archway, a freestanding gas heater, an adjoining meals area and an open plan kitchen. Features through the kitchen include an upright gas stove, tiled floor and double french doors leading to a semi enclosed outdoor area which could be utilized to entertain guest with a little privacy and protection. The family bathroom offers a bath, shower and vanity, with a separate toilet and an independent laundry to complete the wet areas.
Although this property provides an ideal family home, currently leased at $260 per week on a periodic tenancy, the real trump card is within the large slice of land to the rear. Filled with established shrubs and garden rock beds, this allotment will provide significant rewards in the future.
About miners rest
median house price500000
median house rent360
suburb rental yield3.7%
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.