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Back 1-5/207 Talbot Street South
Off Market

1-5/207 Talbot Street South

Ballarat Central VIC 3350

5
5
5
1003 m²
Block of units
Last sold for $1,040,000
Damian CaineDamian Caine, last sold this property on 10 March 2026 after 6 days on market.

Overview

Blue-Chip investment with immediate income & future potential

An exceptional opportunity is on offer to secure an entire unit complex in one of Ballarat Central’s most tightly held and highly sought-after inner-city pockets. Positioned on approximately 1,000sqm+ (1003m²) of prime central land with valuable front and rear access, this substantial holding delivers immediate rental returns alongside outstanding long-term development potential. The property comprises five well-maintained one-bedroom units, each offering a practical and comfortable layout including a light-filled living and dining area with gas heating, a functional kitchen with gas cooking, a combined bathroom and laundry, and a spacious bedroom. Individual single carports provide convenient off-street parking for each residence. With strong rental demand in this blue-chip city-fringe location, investors can expect reliable occupancy and premium returns of approximately $350 per week per unit one upgraded. Perfectly positioned just 570 metres from Sturt Street, 1.0km to Lake Wendouree, 1.1km to the Ballarat CBD and only 1.7km to the Railway Station, the location is second to none. Three major hospitals are on your doorstep, along with public transport, shops, cafes and essential amenities — ensuring consistent appeal to both tenants and owner-occupiers. The generous allotment, dual access and flexible layout present exciting possibilities for renovation, enhancement or complete redevelopment (STCA). Whether you choose to retain the existing units for strong cash flow or capitalise on the scale and positioning with a transformative project, the potential here is undeniable. An opportunity of scale, location and flexibility — secure this premium development site and unlock both immediate income and significant long-term upside. ** Floorplan reflects unit 2

Features

5 bedrooms
5 bathrooms
5 carspaces
5 carport spaces
1003 m² lot size
Block of units

Estimated Value

We need at least 3 similar 5 bedroom block of units sold in Ballarat Central over the last 12 months.

Property history for 1-5/207 Talbot Street South

2026
Sold
$1,040,000
10 Mar 2026 by Damian Caine, of Jellis Craig Ballarat

Happy sellers in Ballarat Central

90%
90% of sellers in Ballarat Central reported that their sale price either exceeded or met their price expectations.

Ballarat Central stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 27 reviews in Ballarat Central over the last 12 months.

Local market activity for 5 bedroom block of units in Ballarat Central

Nearby agents

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Peter Burley

Peter Burley is an award winning recommended agent for Ballarat Central.  They have 10 local sales and collected 6 local reviews across the last 12 months.

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Michael Darken

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Lisa Eden-Horvat

Sellers who recommend Lisa Eden-Horvat have praised them for being clear communication, local expert, responsive, friendly, honest, supportive and well-prepared

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Peter Martin

Sellers who recommend Peter Martin have praised them for being clear communication, reliable, local expert, honest, responsive, supportive and fast sale

  •   5   (53 reviews)
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