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Back 23 Lake St
Off Market

23 Lake St

Wendouree VIC 3355

3
1
1009 m²
House
Last sold for $600,000
Brayden DorneyBrayden Dorney, last sold this property on 15 January 2026 after 0 days on market.

Overview

Dual Dwelling on Generous Allotment

Set on a substantial 1,009m² (approx.) allotment, this dual-dwelling property presents a compelling opportunity for investors seeking immediate income with long-term flexibility. The site accommodates two self-contained residences, currently leased separately and returning an attractive yield of approximately 6.8%. Together, the dwellings offer a combined total of five bedrooms, comprising a three-bedroom home and a separate two-bedroom residence, each with its own bathroom facilities. This configuration provides diversified income streams and broad tenant appeal. With strong rental performance already in place, the property is well suited to investors looking for a set-and-forget asset, dual-occupancy living, or a future-focused holding on a generous land parcel (STCA). An increasingly rare opportunity to secure a dual-income property on a large allotment, offering both immediate returns and ongoing potential.

Features

3 bedrooms
1 bathroom
1009 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Wendouree over the last 12 months, the estimated median property value of 23 Lake St is $520.52k.

Median value
$520.52k
Estimated value range
$360k - $910k
Median days on market
20
Estimated value trend
18%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Wendouree. 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 23 Lake St

2026
Sold
$600,000
Private Sale/Treaty on 15 Jan 2026 by Brayden Dorney, of Buxton Ballarat
2026
Sold
$600,000
14 Jan 2026 by Brayden Dorney, of Buxton Ballarat
2022
Rented
Undisclosed
Leased on 04 Feb 2022 by Jellis Craig Ballarat

Happy sellers in Wendouree

95%
95% of sellers in Wendouree reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 24 reviews in Wendouree over the last 12 months.

Local market activity for 3 bedroom houses in Wendouree

In the last 12 months, 156 three-bedroom houses similar to 23 Lake St, have been sold.

This represents a 18% increase in three-bedroom houses sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Wendouree

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Tim Allen

Sellers who recommend Tim Allen have praised them for being clear communication, local expert, reliable, supportive, friendly, easy to work with and responsive

  •   5   (157 reviews)
  •  5 Reviews in Wendouree
  •  12 Sales in Wendouree
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Peter Burley

Peter Burley is an award winning recommended agent for Wendouree.  They have 8 local sales and collected 4 local reviews across the last 12 months.

  •   4.9   (551 reviews)
  •  4 Reviews in Wendouree
  •  8 Sales in Wendouree
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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 well-prepared

  •   5   (54 reviews)
  •  4 Reviews in Wendouree
  •  7 Sales in Wendouree
View profile
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Michael Darken

Sellers who recommend Michael Darken have praised them for being clear communication

  •   5   (66 reviews)
  •  4 Reviews in Wendouree
  •  5 Sales in Wendouree
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