1 Mill StreetBallarat Central VIC 3350
Property Details for 1 Mill St, Ballarat Central
1 Mill St, Ballarat Central is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1900. The property has a land size of 160m2 and floor size of 115m2. While the property is not currently for sale or for rent, it was last sold in August 2026. There are other 2 bedroom House sold in Ballarat Central in the last 12 months.
Last Listing description (September 2026)
Positioned in one of Ballarat's most sought-after inner-city pockets, 1 Mill Street, Ballarat Central presents a rare opportunity to secure a character-filled period home with exciting scope to renovate, restore, and add value in an unbeatable central location.
Showcasing the timeless appeal of Ballarat's historic homes, this charming residence retains the warmth and character that buyers love, while offering a fantastic canvas for those looking to further enhance and modernise. Whether you're a first-home buyer with a vision, a renovator seeking your next project, or an investor looking to capitalise on a premium location, the potential here is undeniable.
The home features two generous bedrooms, a functional bathroom, and comfortable living spaces that provide immediate livability while allowing plenty of opportunity to update and personalise over time. With its classic proportions and enduring appeal, this is a property where thoughtful improvements could truly transform the home while preserving its period charm.
Set on a low-maintenance 160m² (approx.) allotment, the property also benefits from valuable off-street parking via a carport, a highly desirable feature in this tightly held central position.
The location is simply outstanding. Enjoy the convenience of being just moments from Ballarat's vibrant CBD, with popular cafés, restaurants, boutique shopping, supermarkets, public transport, Lake Wendouree, and some of the city's finest heritage streetscapes all within easy reach. Leave the car at home and embrace a walkable lifestyle in one of Ballarat's most desirable residential precincts.
Period homes with renovation potential in Ballarat Central are becoming increasingly difficult to secure. Offering character, location, and the opportunity to create something truly special, this is an exciting chance to invest in a property with both immediate appeal and future upside.
Price Guide: $499,000
Contact us today to arrange your inspection and explore the possibilities at 1 Mill Street, Ballarat Central.
Property Highlights
• Charming period home in a premium Ballarat Central location
• Excellent opportunity to renovate, restore, and add value
• Two spacious bedrooms
• Functional floorplan with immediate livability
• Low-maintenance 160m² (approx.) allotment
• Carport providing off-street parking
• Walking distance to cafés, restaurants, shopping and public transport
• Ideal for first-home buyers, renovators, and investors
• Rare character home with significant future potential
• Blue-chip inner-city location with enduring appeal
Ballarat's Best-Selling Team
Property History for 1 Mill St, Ballarat Central, VIC 3350
- 20 Aug 2026Sold for $520,000
- 13 Aug 2026Listed for Sale $499,000
- 16 Dec 2019Listed for Rent $320 / week
Recent sales nearby
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About Ballarat Central 3350
The size of Ballarat Central is approximately 3.8 square kilometres. There are 5 parks, covering nearly 3.7% of the total area. The population of Ballarat Central in 2016 was 5328 people. By 2021 the population was 5378 showing a population growth of 0.9% in the area during that time. The predominant age group in Ballarat Central is 20-29 years. Households in Ballarat Central are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ballarat Central work in a professional occupation.In 2021, 57.60% of the homes in Ballarat Central were owner-occupied compared with 56.90% in 2016.
Ballarat Central has 4,499 properties. Over the last 5 years, Houses in Ballarat Central have seen a 1.84% increase in median value, while Units have seen a 19.50% increase. As at 31 July 2026:
- The median value for Houses in Ballarat Central is $730,935 while the median value for Units is $506,508.
- Houses have a median rent of $450 while Units have a median rent of $405.
Suburb Insights for Ballarat Central 3350
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