41 Mclellan StreetArarat VIC 3377
Property Details for 41 Mclellan St, Ararat
41 Mclellan St, Ararat is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1965. The property has a land size of 1170m2 and floor size of 132m2. While the property is not currently for sale or for rent, it was last sold in March 2026. There are other 3 bedroom House sold in Ararat in the last 12 months.
Last Listing description (March 2026)
Set on a substantial 1,170m (approx.) allotment in a highly sought-after location, this exceptional property presents a rare opportunity for investors and developers seeking both immediate rental return and outstanding future development potential (STCA).
Currently leased on a periodic tenancy at $370 per week to excellent long-term renters, the home provides reliable holding income while plans for redevelopment or subdivision are explored.
The existing three-bedroom home offers comfortable, generously proportioned accommodation, featuring a large living area at its heart. A functional kitchen overlooks the adjoining dining space, providing a practical and convenient layout for everyday living. At the rear of the home, an enclosed sunroom adds light and a connection to the outdoors. A central bathroom services the bedrooms.
Externally, the scale and versatility of the allotment truly set this property apart. The expansive rear yard is enhanced by valuable rear lane access, providing exceptional flexibility for redevelopment, subdivision, or further improvements (STCA). A substantial two-bay shed offers ideal workshop or storage space, complemented by a single carport for undercover parking.
Positioned in a quiet, tightly held street, this is a rare chance to secure a sizeable landholding with solid rental income today and significant long-term upside tomorrow.
Enquire today to unlock the full potential of this outstanding opportunity.
Property History for 41 Mclellan St, Ararat, VIC 3377
- 20 Mar 2026Sold for $445,000
- 26 Feb 2026Listed for Sale $365,000 - $385,000
- 01 Jul 2021Sold for $255,000
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 4,980 properties. Over the last 5 years, Houses in Ararat have seen a 46.48% increase in median value, while Units have seen a 23.77% increase. As at 28 February 2026:
- The median value for Houses in Ararat is $396,719 while the median value for Units is $271,195.
- Houses have a median rent of $400 while Units have a median rent of $350.
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