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Overview
Sitting on approximately 948 square meters, this property emphasizes the expansive land it occupies more than its existing structures. The current dwelling comprises two bedrooms but is in a run-down state and will require significant renovation or complete demolition and rebuilding to restore its value.
The interior features an outdated kitchen and lounge area, basic bedrooms, and a bathroom that is in poor condition. The home is modest and functional but needs substantial improvement to meet modern living standards.
The outdoor space is fully fenced, offering a large yard that provides ample room for various uses, including gardening, recreation, and potential future extensions or new construction.
Strategically positioned near Chalambar Golf Course, this block benefits from a highly sought-after location that provides both recreational convenience and a pleasant environment. Additionally, public transportation is easily accessible with a bus stop within walking distance, making commuting straightforward.
This property is ideal for buyers seeking a generous allotment in a prime location who are prepared to undertake a project of clearing the existing structure and starting fresh. The land value, combined with location advantages, presents an excellent opportunity for redevelopment or constructing a new home tailored to personal preferences.
Local Market Insights
In Ararat, Quiet Listings observed 7 new houses entering the market over the last 30 days, down from 9 during the previous 30-day period, with an average advertised asking price of $412,143. The property type mix of listed properties is predominantly Houses at 64%, followed by land (18%), and units (9%). The most active agency for houses in the Ararat area is currently Ray White, representing 57% of new listings, followed by Elders Real Estate with 29%. 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
Market Insights for Ararat VIC 3377
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