33 Princes StreetArarat VIC 3377
Property Details for 33 Princes St, Ararat
33 Princes St, Ararat is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1910. The property has a land size of 1007m2 and floor size of 69m2. While the property is not currently for sale or for rent, it was last sold in December 2023.
Last Listing description (February 2024)
Attention Investor Developers: Here's an exceptional opportunity in a prime central location! This 1000 sq.m corner block comes with side lane access and is zoned as 'General Residential.' The property is ideally situated within the schools precinct and is just a stone's throw away from the CBD, two supermarkets, and the train station. It's a strategic location that promises a bright future for your investment.
This property presents numerous possibilities for investor developers and renovators alike. Consider a multi-townhouse development (STCA) to maximize the potential of this site. You also have the option to renovate the existing house, increasing its rental cash flow value, or continue collecting the current rent of $300 per week from the current renters.
The period cottage exudes character with its high ceilings and offers a comfortable lounge complete with gas heating. There are two good-sized bedrooms and an additional bungalow for added space. The older-style kitchen provides plenty of storage cupboards and even a walk-in pantry. The bathroom features a shower over the bath, and a separate toilet.
Property History for 33 Princes St, Ararat, VIC 3377
- 25 Dec 2023Sold for $250,000
- 19 Oct 2023Listed for Sale Price Range $240,000 - $260,000
- 11 May 2022Listed for Rent - Price not available
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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