121 Lambert Street

Ararat VIC 3377

House

Last sold for $325,000

Ashleigh Marx, last sold this property on 09 June 2025 after 76 days on market.

Overview

Exceptional Opportunity for Investors and Developers!

Calling all investors and developers! An exceptional opportunity awaits with this incredibly sized 3420 square meter (approx.) block, perfectly positioned in one of Ararat's most sought-after locations. Zoned General Residential, this expansive property offers a range of possibilities for future development (STCA). Just a short three-minute drive to the Ararat CBD, convenience is at your doorstep. The existing two-bedroom, one-bathroom home could be rented out, though it would need to become compliant to minimum rental standards, providing the opportunity for immediate income while you plan your next move. The home features a kitchen with gas cooking, and the carpet has recently been replaced in one of the bedrooms as well as the lounge room. The lounge also includes gas heating and an air conditioner for year-round comfort. A powered 6x6 garage adds further value and flexibility. Whether you're looking to develop the rear of the block, take advantage of the generous land size, or landbank for the future, opportunities like this in a prime location are few and far between. Don't miss your chance to secure this outstanding property. Please note Photo ID is required for all inspections.

Features

2 bedrooms

1 bathroom

2 carspaces

2 garage spaces

House

Estimated Value

Based on this property and similar 2 bedroom houses sold in Ararat over the last 12 months, the estimated median property value of 121 Lambert Street is $295k.

Median value

$295k

Estimated value range

$185k - $445k

Median days on market

Estimated value trend

13%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Ararat. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 121 Lambert Street

2025

Sold

$325,000

09 Jun 2025 by Ashleigh Marx, of Ray White Ararat

Happy sellers in Ararat

We have insufficient information to provide an overview of customer satisfaction for Ararat. Viewing the agent profiles, reviews and sales for Ararat can provide insights for this location.