Rare Investment Opportunity - Dual-Income Duplex in Central Ararat

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1-3 Jenkin Street, Ararat VIC 3377

$480,000

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$480k - $504k Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 2 Baths 2 Cars 645 m²

Listed: yesterday

Overview

This centrally located dual-income duplex in Ararat offers an exceptional opportunity for investors seeking a stable and established return. Comprised of two separate units, both currently leased with long-term tenants, the property generates a combined rental income of $630 per week, which totals approximately $32,804 annually. Its solid rental history of over 20 years underscores the consistent demand and secure income potential.

Positioned in a desirable central-west precinct, the duplex is within easy reach of Ararat's CBD, popular schools, and key amenities such as Woolworths, enhancing tenant appeal and future resale prospects. Each unit features practical designs that maximize comfort with north-facing living rooms equipped with reverse-cycle split-system heating and cooling for year-round climate control.

Unit 1 offers two well-sized bedrooms fitted with robes, a neat kitchen with ample storage space and a modern stove, a bathroom with a shower over bath, and a secure rear yard that includes a garden shed and a single carport.
Unit 2 replicates similar comforts with two bedrooms with robes, a functional kitchen area, bathroom configuration, a secure yard, and a single carport.

This investment is well-suited to first-time investors or those looking to expand their portfolio with a reliable income stream from a property positioned for sustained rental demand. The dual-income setup effectively doubles potential returns while maintaining manageable upkeep inherent to duplex-style living.

Whether seeking secure income or a steppingstone into investment real estate, this property offers practicality, convenience, and enduring value in Ararat's growing market.

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.