121 Lambert StreetArarat VIC 3377
Property Details for 121 Lambert St, Ararat
121 Lambert St, Ararat is a 2 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 3420m2. While the property is not currently for sale or for rent, it was last sold in June 2025. There are other 2 bedroom House sold in Ararat in the last 12 months.
Last Listing description (June 2025)
Calling all investors and developers! An exceptional opportunity awaits with this incredibly sized 3420 square meter (approx.) block, perfectly positioned in one of Ararat's most sought-after locations. Zoned General Residential, this expansive property offers a range of possibilities for future development (STCA). Just a short three-minute drive to the Ararat CBD, convenience is at your doorstep. The existing two-bedroom, one-bathroom home could be rented out, though it would need to become compliant to minimum rental standards, providing the opportunity for immediate income while you plan your next move. The home features a kitchen with gas cooking, and the carpet has recently been replaced in one of the bedrooms as well as the lounge room. The lounge also includes gas heating and an air conditioner for year-round comfort. A powered 6x6 garage adds further value and flexibility. Whether you're looking to develop the rear of the block, take advantage of the generous land size, or landbank for the future, opportunities like this in a prime location are few and far between. Don't miss your chance to secure this outstanding property.
Please note Photo ID is required for all inspections.
Property History for 121 Lambert St, Ararat, VIC 3377
- 27 May 2025Sold for $325,000
- 25 Mar 2025Listed for Sale Price Range: $330,000 - $350,000
Recent sales nearby
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0About Ararat 3377
The size of Ararat is approximately 161.2 square kilometres. It has 25 parks covering nearly 14.9% of total area. The population of Ararat in 2016 was 8297 people. By 2021 the population was 8500 showing a population growth of 2.4% in the area during that time. The predominant age group in Ararat is 50-59 years. Households in Ararat are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ararat work in a community and personal service occupation.In 2021, 69.70% of the homes in Ararat were owner-occupied compared with 68.10% in 2016.
Ararat has 4,955 properties. Over the last 5 years, Houses in Ararat have seen a 54.78% increase in median value, while Units have seen a 38.55% increase. As at 31 October 2025:
- The median value for Houses in Ararat is $363,484 while the median value for Units is $288,180.
- Houses have a median rent of $380 while Units have a median rent of $340.
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