62 Magpie Street, Mount Pleasant, VIC 3350 | Property Value & History | OnTheHouse
 
FOR SALE

62 Magpie Street
Mount Pleasant VIC 3350

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 162m2
Land area: 3997m2
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This property is currently on the market
Rare Development Opportunity in Prime Mount Pleasant Location!
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Property Details for 62 Magpie St, Mount Pleasant

62 Magpie St, Mount Pleasant is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 3997m2 and floor size of 162m2.This Property is currently listed for sale with Ray White Ballarat

Building Type
House
Year Built
1960
Floor Size
162m2
Land Size
3997m2
Local Government
Ballarat
Lot/Plan
6/LP21477

Last Listing description (March 2026)

Discover an exceptional investment and development prospect at 62 Magpie Street, Mount Pleasant. This is more than just a property; it's an opportunity strategically positioned in one of Ballarat's most sought-after areas.

This unique offering comes with the highly coveted advantage of an existing Planning Permit (extension granted and to be issued in Jan 2026) to build 6 additional residential dwellings on the substantial block, providing an immediate pathway to maximizing your return.

Development Ready: Skip the lengthy approval process! The hard work has been done, allowing you to commence development almost immediately and capitalize on the strong demand for housing in this prime locale. The vendor has applied for an extension on the permit and will be issued in January 2026.

Currently Rented: The property is currently rented on a periodic basis for $590pw.

Massive Income Potential: With planning permission for a total of 7 dwellings (the existing home plus 6 new units), this site offers significant scope for rental income generation or profitable unit sales upon completion.

The success of any development hinges on its location, and 62 Magpie Street delivers on every front. Situated in the heart of Mount Pleasant, residents will enjoy unparalleled lifestyle convenience:

Tourist Hub: Just a short stroll to the globally renowned Sovereign Hill, ensuring consistent interest from both residents and potential short-term rental markets.

Everyday Convenience: Enjoy the ease of walking to local shops and cafes, providing a vibrant community feel and essential amenities right on the doorstep.

Accessibility: Excellent access to public transport and major roads ensures easy connectivity to the Ballarat CBD, schools, and essential services.

Don't miss this chance to secure a strategic piece of real estate with approved plans for significant expansion. This is a highly desirable, blue-chip location that appeals equally to developers, builders, and investors seeking a ready-to-go project with a clear path to profit.

Act now to secure this premium development site!

*Plans and documentation available upon request.

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Property History for 62 Magpie St, Mount Pleasant, VIC 3350

A timeline of how this property has performed in the market
Last Sold
$740,000
02 Sep 2020
  • 24 Dec 2025
    Listed for Sale $990,000 - $1,080,000
  • 06 Sep 2024
    Listed for Rent $600 / week
  • 26 Apr 2024
    Listed for Sale $1,100,000 - $1,200,000
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About Mount Pleasant 3350

The size of Mount Pleasant is approximately 2.2 square kilometres. It has 5 parks covering nearly 7.7% of total area. The population of Mount Pleasant in 2016 was 2203 people. By 2021 the population was 2225 showing a population growth of 1.0% in the area during that time. The predominant age group in Mount Pleasant is 20-29 years. Households in Mount Pleasant are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mount Pleasant work in a professional occupation.In 2021, 56.80% of the homes in Mount Pleasant were owner-occupied compared with 59.20% in 2016.

Mount Pleasant has 1,329 properties. Over the last 5 years, Houses in Mount Pleasant have seen a 28.13% increase in median value, while Units have seen a 36.73% increase. As at 31 March 2026:

  • The median value for Houses in Mount Pleasant is $586,656 while the median value for Units is $445,326.
  • Houses have a median rent of $430 while Units have a median rent of $390.
There are currently 10 properties listed for sale, and 6 properties listed for rent in Mount pleasant on OnTheHouse. According to Cotality's data, 85 properties were sold in the past 12 months in Mount pleasant.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

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