15 Mcgibbony StreetArarat VIC 3377
Property Details for 15 Mcgibbony St, Ararat
15 Mcgibbony St, Ararat is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 785m2 and floor size of 152m2. While the property is not currently for sale or for rent, it was last sold in February 2021.
Last Listing description (March 2021)
Sale by End Date closing Friday 12th, February 2021 at 12noon, unless sold prior ( prior offers seriously considered). Indicative range $220,000 to $240,000.
Investor Alert...Investor Alert! What a rare opportunity to purchase a dual income investment property with an expected combined return of $410 p/w ($280 House & $130 Unit) (Unit is currently leased) = $21,320 p/a. With a long term rental history and a booming rental market, this opportunity is not to be missed.
The property is set up with a 3 bedroom + 1 bathroom house & an attached 1 bedroom + 1 bathroom unit, both have separate power meters.
The 1 bedroom unit is accessible from the lane and has an open plan kitchen, lounge/ dining area, bedroom with BIR, shower over the bath & laundry.
Both properties have the potential to update & increase the rental return.
Set in a central location close to the Schools precinct, CBD and train Station.
Property History for 15 Mcgibbony St, Ararat, VIC 3377
- 04 Feb 2021Sold for $210,000
- 19 Jan 2021Listed for Sale Sale by End Date closing Friday 12th Feb 2021
- 18 May 2016Listed for Sale $220,000
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 4,979 properties. Over the last 5 years, Houses in Ararat have seen a 48.72% increase in median value, while Units have seen a 24.59% increase. As at 31 March 2026:
- The median value for Houses in Ararat is $407,974 while the median value for Units is $273,354.
- Houses have a median rent of $400 while Units have a median rent of $350.
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