4 Vincent Street

Ararat VIC 3377

House

Last sold for $405,000

Adam Walker, last sold this property on 07 November 2024 after 120 days on market.

Overview

1000 sqm Block with a 2 lot planning permit

Investor developers take note: this prime property offers immense potential. Set on a substantial 1000 sq.m block with rear lane access, this parcel comes with a planning permit for a 2-lot subdivision, providing lucrative development opportunities. Currently yielding returns of $450 per week, this renovated, charming Victorian-style home sits on approximately 1,000 sq.m and boasts a large backyard. Ideally located close to the main shopping strip, local schools, and parks, this property ensures convenience and accessibility. The home features 3 bedrooms, each equipped with reverse-cycle units for year-round comfort. The main bedroom includes an ensuite, while a small laundry area leads to the main bathroom. The open-plan kitchen, equipped with a dishwasher and a 900mm gas cooktop, offers ample bench space, flowing seamlessly into the dining area and living room, which also has a reverse-cycle heating/cooling system. Additionally, there is a versatile space that can serve as a playroom or small home office. The living area extends to a large covered deck, perfect for year-round entertaining, overlooking a spacious and well-maintained garden. This property's substantial backyard offers enormous potential for future development, making it an attractive option for investor developers. Seize this opportunity to invest in a property with existing income and significant development potential in a desirable location.

Features

3 bedrooms

2 bathrooms

House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Ararat over the last 12 months, the estimated median property value of 4 Vincent Street is $435k.

Median value

$435k

Estimated value range

$250k - $5.9m

Median days on market

Estimated value trend

27%

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 4 Vincent Street

2024

Rented

Undisclosed

Leased on 17 Dec 2024 by Ray White Ararat

2024

Sold

$405,000

07 Nov 2024 by Adam Walker, of Ray White Ararat

2024

Rented

Undisclosed

Leased on 19 Jan 2024 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.