Stunning Dual Victorian Terraces with a Myriad of Options In A Grade Location

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112-114 Raglan Street South, Ballarat Central VIC 3350

Reserve: $1,300,000

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$1.2M - $1.32M High Confidence Calculated based on strong search observations.

House 7 Beds 2 Baths 797 m²

Listed: 38 days ago

Updated: 5 days ago

Overview

This distinguished property in Ballarat Central offers an expansive and highly adaptable living arrangement that caters to a wide range of prospects. Nestled just a block from the famed Sturt Street, the site benefits from a coveted A-grade location, promising both convenience and prestige.

On a substantial 797 square meter parcel with its own private driveway, the residence encompasses two entirely independent homes beneath a unified roof structure, sharing a single title. This rare architectural configuration provides a substantial combined living space including seven generously sized bedrooms, three spacious living zones filled with natural light, two fully equipped kitchens, and two central bathrooms, all designed for comfortable family living or multiple occupancy.

Such versatility provides significant lifestyle and financial opportunities. Investors will appreciate the immediate dual income stream currently yielding $850 weekly, making it a sound rental investment. Professionals might find the property's prominent location ideal for establishing a medical or allied health practice (subject to council approval), leveraging the high exposure and proximity to the major hospital precinct.

Alternatively, this property suits owner-occupiers seeking a flexible living arrangement. Whether intending to occupy one residence while leasing the other, or embarking on a renovation journey to create an exclusive inner-city domicile, the scale and scope of possibilities are exceptional.

The surrounding environment amplifies the desirability, being close to Ballarat's main hospital precinct, reputable schools, vibrant cafe culture, top-tier dining, and the central business district. Such a location ensures practical daily living while retaining access to cultural and social amenities.

Overall, this offering stands as a rare market opportunity due to its size, potential, and superior location, appealing to diverse buyer profiles including investors, professionals, and families seeking adaptable living solutions.

Local Market Insights

In Ballarat Central, Quiet Listings observed 167 new houses entering the market over the last 30 days, up from 148 during the previous 30-day period, with an average advertised asking price of $741,647. The property type mix of listed properties is predominantly Houses at 83%, followed by townhouses (7%), and units (5%). The most active agency for houses in the Ballarat Central area is currently Ballarat Real Estate Pty Ltd, representing 23% of new listings, followed by Jellis Craig with 15%. 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.