4 Kneale St, Ararat is a 8 bedroom, 4 bathroom House with 4 parking spaces. The property has a land size of 905m2 and floor size of 116m2. While the property is not currently for sale or for rent, it was last sold in October 2011.
Rare opportunity to invest in bricks & mortar with this modern, low maintenance, unit complex, located in a very quiet, West end location, set on a huge 1250 sq.m block and currently returning $44,980 p.a.
Add to your investment portfolio or Super fund with this proven rental performing unit complex comprising 4 x 2 bedroom units, 3 of which have been recently renovated , all separately titled and fully leased with amazing tenants!!
Unit 1- Fairly original, very neat and tidy and really well maintained. 2 bedroom with robes, open plan kitchen- living with a split-system, courtyard, garden shed and carport. Currently rented at $155 p/w with a fixed lease until October 2023. Current market rent would be $280 p/w.
Unit 2- This unit has had the most recent renovations. Stylish through-out with a modern kitchen and bathroom, new floor & window coverings, paint and light fittings, 2 bedrooms with robes, dishwasher, gas heater and split-system. Single carport, garden shed and courtyard. Currently rented at $250 p/w in a fixed lease until May 2024. Current market rent would be $330 p/w.
Unit 3- Recently renovated and has a nice modern feel. Open plan living with a gas heater and split-system for year round comfort, well designed kitchen with electric cooking and a dishwasher, modern floor & window coverings, paint and light fittings through -out and 2 bedrooms with robes. Single carport and a great size yard. Currently rented at $230 p/w in a fixed lease until August 2024. Current market rent would be $320 p/w.
Unit 4- Set at the rear of the complex. Also recently renovated with a North facing living area which is open plan to the kitchen which boasts a gas cooktop, dishwasher and breakfast bar. Modern bathroom, floor and window coverings, 2 bedrooms with robes and a single carport. Currently rented at $230 p/w in a fixed lease until December 2023. Current market rent would be $320 p/w.
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 62.20% increase in median value, while Units have seen a 51.78% increase. As at 30 November 2025:
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