Charming Miners Cottage with Excellent Shedding & Investment Potential

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79 Campbell Street, Ararat VIC 3377

Price Range: $300,000 - $320,000

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$300k - $315k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 4 Cars 955 m²

Listed: 3 days ago

Overview

This charming miners cottage provides a blend of character and practicality, uniquely enhanced by its extensive outdoor features. The home, featuring vaulted ceilings in its three bedrooms and a master bedroom equipped with split-system heating and cooling, offers a comfortable living environment. Recent upgrades including restumping, rewiring, and an updated fuse box contribute to the property's reliability and peace of mind.

Set on a generous 955 square metre allotment, the property benefits from rear lane access enhancing convenience for residents. The outdoor area is well-appointed with a double carport, a spacious 6m by 6m powered shed with a concrete floor and storage facilities, plus a 3.8m car or trailer port extension. Additional exterior structures include a bungalow and several bird aviaries, underscoring the versatility and appeal for hobbyists or those seeking ample storage and workspace outside their home.

Currently leased at $330 per week on a periodic lease, this property holds significant appeal for investors looking to secure steady rental income. Alternatively, owner-occupiers can look forward to a 90-day settlement period allowing ample time to plan the transition for vacant possession. The property’s combination of period charm, substantial land size, and versatile external infrastructure makes it an attractive prospect for a variety of buyers seeking a property with character and functional outdoor amenities.

Local Market Insights

In Ararat, Quiet Listings observed 15 new houses entering the market over the last 30 days, up from 6 during the previous 30-day period, with an average advertised asking price of $480,667. The property type mix of listed properties is predominantly Houses at 71%, followed by land (24%), and units (5%). The most active agency for houses in the Ararat area is currently Ray White, representing 53% of new listings, followed by Ballarat Real Estate Pty Ltd with 27%. 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.