37 Lambert Street

Ararat VIC 3377

1360 m²

House

Last sold for $420,000

Adam Walker, last sold this property on 05 December 2022 after 52 days on market.

Overview

Dual Income Investment - 1300 sq.m Block!

Investor - Developer Alert. What a rare opportunity to purchase a dual income investment property. Both properties are currently leased with a combined return of $595 p/w = $30,940 p/a. With a long term rental history and a booming rental market, this opportunity is not to be missed. A large 1360sq.m. allotment with 2 street frontages is ideal for future subdivision or development.. This is a great opportunity for investor, developer or owner occupier wanting a home plus additional accommodation for family guests or rental returns. Centrally located only a few blocks to the CBD and elevated with views of Alexandra oval precinct. The property is set up with a 3 bedroom + 1 bathroom house & an attached 2 bedroom + 1 bathroom unit, both are leased out separately and have seperate power & water meters. The front home is spacious and offers 3 good sized bedrooms, modernized kitchen which has loads of storage, electric cooking and dishwasher, neat bathroom, central heating and private courtyard. The rear unit is also a good size and has access from the side entertaining deck, renovated kitchen offering great storage, dishwasher and electric cooking and modern bathroom with a separate toilet. A spacious lounge with French doors, 2 bedrooms and modern colors, tones and window coverings through-out. A versatile property with plenty of scope to improve the current dwellings and to develop the rear.

Features

5 bedrooms

2 bathrooms

1360 m² lot size

House

Estimated Value

Based on this property and similar 5 bedroom houses sold in Ararat over the last 12 months, the estimated median property value of 37 Lambert Street is $610k.

Median value

$610k

Estimated value range

$465k - $970k

Median days on market

Estimated value trend

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 37 Lambert Street

2022

Sold

$420,000

Private Sale/Treaty on 05 Dec 2022 by Adam Walker, of Ray White Ararat

2022

Rented

Undisclosed

Leased on 18 Oct 2022 by Ray White Ararat

2019

Rented

Undisclosed

Leased on 28 Mar 2019 by 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.