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3 Nelson Street, Miners Rest VIC 3352

$720,000 - $780,000

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$720k - $756k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 4 Cars 4787 m² 238 m²

Listed: 33 days ago

Updated: 3 days ago

Overview

3 Nelson Street offers a rare blend of immediate habitation and long-term investment potential on a substantial landholding of approximately 1.18 acres (4,787sqm). Situated within Ballarat City Council's Residential Zone Schedule 3, the property allows for subdivision possibilities (subject to council approval), making it a versatile choice for developers or anyone seeking to capitalize on its future value.

The character-rich home stands out with its vaulted timber ceilings and exposed beams, enhancing the sense of space and natural light throughout. The combination of slate flooring in functional areas such as the kitchen and bathroom, alongside polished floorboards in the living areas, underscores a thoughtful attention to durability and aesthetic appeal.

With three bedrooms and a single bathroom, the home supports flexibility in use, complemented by three separate living spaces that cater well to family life or entertaining. The renovated main living area is especially noteworthy, featuring abundant natural light, clever storage solutions, and a barn door that adds both functionality and charm, creating a warm, adaptable environment for various lifestyle needs.

Enhancing the property's versatility is the upstairs loft, a space well-suited as a home office, studio, or extra retreat, offering valuable additional square footage for varied uses. Comfort is assured year-round with a combination of a traditional wood fire heater paired with modern split systems and ceiling fans.

Outdoor living is generously supported by a front porch, a wide rear veranda, and a deck area, all framed by landscaped gardens that provide a peaceful setting to unwind or socialize.

Equally impressive is the sizeable three-bay shed (15.5m x 7.1m), fully powered and with concrete flooring, ideal for ample storage, workshops, or hobby activities, a significant asset for those requiring extensive covered space.

The full fencing allows safe enjoyment of the outdoor space for children and pets alike, while local services include tank water, mains water and power, plus bottled gas, underscoring the property's preparedness and convenience.

Located only minutes from Miners Rest's amenities and within convenient reach of Ballarat Central and the Western Freeway, this property combines rural tranquility with accessible community life, catering well to families, investors, and developers alike.

Local Market Insights

In Miners Rest, Quiet Listings observed 31 new houses entering the market over the last 30 days, up from 23 during the previous 30-day period, with an average advertised asking price of $866,258. The property type mix of listed properties is predominantly Houses at 82%, followed by land (13%), and others (3%). The most active agency for houses in the Miners Rest area is currently Ballarat Real Estate Pty Ltd, representing 19% of new listings, followed by PRD Nationwide with 19%. 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.