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Overview
Located in the sought-after suburb of Ballarat North, this excellent investment opportunity comprises a well-maintained complex of three units sold as a single offering. The property is ideally positioned close to quality local schools, shopping options, and everyday essential services, making it a convenient and practical investment choice.
This complex generates a solid combined rental income of approximately $730 per week, reflecting its strong tenant appeal. Unit 1 offers spacious two-bedroom accommodation, while Units 2 and 3 each feature one-bedroom layouts. All units benefit from a single carport, providing secure parking options, alongside private, low-maintenance yards that enhance tenant satisfaction and reduce ongoing upkeep.
The design and setting of these units promote a hassle-free lifestyle, making the property attractive for long-term investment retention. Whether aiming to grow an investment portfolio or seeking a reliable, set-and-forget asset in a stable market, this block of units represents an opportunity to acquire a significant income-producing asset in a blue-chip location.
Investors will appreciate the low-maintenance nature and strong rental demand in this area, which supports sustainable income and capital growth prospects. The combination of unit variety, desirable location, and established tenancy creates a compelling proposition for both seasoned and new investors alike.
In summary, this package offers:
- Three units sold together as a single investment.
- Mixed accommodation: one two-bedroom unit and two one-bedroom units.
- Single carport for each unit providing safe parking facilities.
- Private yards offering tenants outdoor space with minimal maintenance.
- Proximity to schools, shopping centers, and essential amenities ensures lasting tenant appeal.
- Consistent combined rental income around $730 per week.
- Long-term investment opportunity with stable returns and growth potential in Ballarat North.
This property stands out as a smart addition to any investment portfolio, with attributes supporting ongoing rental history and future capital appreciation due to its quality location and tenant-focused features.
Local Market Insights
In Ballarat North, Quiet Listings observed 7 new units entering the market over the last 30 days, down from 16 during the previous 30-day period, with an average advertised asking price of $433,571. The property type mix of listed properties is predominantly Houses at 78%, followed by commercial properties (7%), and land (5%). Ballarat Real Estate Pty Ltd is the only agency with property listings monitored during the period. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Ballarat North VIC 3350
Market Insights for Ballarat North VIC 3350
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