Back 8 Rice Street
Off Market

8 Rice Street

Ballarat East VIC 3350

3
1
1
1038 m²
House
Last sold for $492,500
Thomas ReardonThomas Reardon, last sold this property on 25 May 2025 after 376 days on market.

Overview

Period Home on Large BlockDevelopment Potential

Character-filled home in convenient location close to shopping centres, recreational facilities and with easy access to the CBD. Attractive from the street, great first impressions continue inside with high ceilings, floorboards and light-filled living. Enjoy a spacious living area, warmed with gas heating, in a welcoming and open atmosphere. The practical kitchen has plenty of cupboard space and adjoins the dining area. Three bedrooms, including huge master bedroom, and previously updated bathroom. There is a further large multipurpose room at rear, combined with laundry and providing handy extra living space. The land size of approx 1038m2 offers some great potential for the future.. With plans already drawn up for 2 townhouses at rear, as well as renovation and extension of the current home, a lot of the hard work has already been done and a planning permit has previously been issued. Currently leased to excellent tenants on a monthly basis, this home and land presents a superb investment opportunity with immediate incomeand development potential (STCA) to ensure many happy returns for the future! Inspect today and see the possibilities for yourself..

Features

3 bedrooms
1 bathroom
1 carspace
1038 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Ballarat East over the last 12 months, the estimated median property value of 8 Rice Street is $545k.

Median value
$545k
Estimated value range
$370k - $1.15m
Median days on market
25
Estimated value trend
18%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Ballarat East. 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 8 Rice Street

2025
Sold
$492,500
Private Sale/Treaty on 25 May 2025 by Thomas Reardon, of Bartrop Real Estate
2020
Sold
$420,000
Private Sale/Treaty on 25 Feb 2020 by Dominic Morrison, of Ballarat Real Estate - BALLARAT

Happy sellers in Ballarat East

72%
72% of sellers in Ballarat East reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 22 reviews in Ballarat East over the last 12 months.

Local market activity for 3 bedroom houses in Ballarat East

In the last 12 months, 79 three-bedroom houses similar to 8 Rice Street, have been sold.

This represents a 23% increase in three-bedroom houses sales when compared to the previous 12 months.

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