18 Mclellan Street
Ararat, VIC 3377

Overview

Ultra-Affordable Property

This property is offered for sale by fixed date, closing Monday 1st June, 2026 at 12pm, unless sold prior, with a buyer range of $335,000. It presents an exceptional opportunity for investors and developers seeking an affordable entry into the market. Situated on a substantial allotment of approximately 1000 square meters, the site benefits from the rare feature of dual street access, enhancing its development potential.

Located centrally within Ararat, the property is conveniently close to the Central Business District, schools, supermarkets, and the East Grampians Health Service, making it an attractive prospect for a variety of buyers. The existing weatherboard home offers a solid foundation and ample scope for renovation and improvement, allowing buyers to add value and tailor the residence to their preferences.

The interior comprises a spacious lounge area equipped with a wood heater and a reverse-cycle split system, providing comfort throughout the seasons. The home includes four bedrooms, a neat kitchen, and a bathroom, catering well to family living or rental accommodation.

Externally, the property features a double carport and a large garage, which is also fitted with its own reverse-cycle split system. This additional space is ideal for storage, workshop activities, or hobbies, adding versatility to the property’s offerings.

Once the property meets rental compliance standards, it is anticipated to generate a rental income in the range of $330 to $350 per week. This immediate income potential, combined with the future development possibilities at the rear of the allotment (subject to council approval), makes this an exciting prospect for buyers looking for both short-term returns and long-term growth.

Prospective buyers should note that photo identification is required for all inspections.

Location