1 & 2/40 Ford Street
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About this property
Positioned in a quiet pocket just off Eureka Street, 1 & 2 Ford Street, Eureka presents a fantastic opportunity for investors, owner-occupiers, or those seeking a dual-income property close to the heart of Ballarat. Set on a generous combined 474m² allotment and built in 1990, these two well-maintained units are offered on one title with separate service connections, providing flexibility and excellent rental potential. Unit 1 offers comfortable and practical living with two generously sized bedrooms, both complete with built-in robes. The home features a combined bathroom and laundry, maximising space and functionality. A cosy front porch welcomes you inside, while the spacious backyard provides plenty of room to relax outdoors or enjoy a spot of gardening, complemented by a handy garden shed. A private carport adds further convenience. Currently leased at $300 per week to excellent tenants until 14/08/2026, providing immediate rental income. Unit 2 has been recently refreshed with fresh paint and new floor coverings throughout, creating a bright and updated feel. The unit includes two good-sized bedrooms with large built-in robes, a separate lounge with a Rinnai gas heater, and a functional kitchen fitted with a new gas oven and cooktop. The combined bathroom and laundry offers practicality, while outside you'll find a low-maintenance courtyard, garden shed and wall-mounted clothesline. Off-street parking is provided via a carport. The current tenant is vacating on 20/04/2026, opening the door for an owner-occupier or new tenant. Located just minutes from the Ballarat CBD with easy access to the Melbourne Freeway, this property delivers outstanding convenience while maintaining a peaceful residential setting. This is an incredible investment opportunity - live in one and rent the other, or lease both and enjoy a strong dual income stream in a sought-after location.
Property Details
- Property Type
- house
- Listing Type
- Sold
- Bedrooms
- 2
- Bathrooms
- 1
- Parking
- 1
- Land Area
- 474 m²
- Listed
- 3 months ago
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Neighbourhood
Living in Eureka
This 2-bedroom house in Eureka, VIC 3350 sits within reach of public transport, local shops local amenities. It is listed 4% above the $550,000 median of 65 comparable houseswithin 5 km.
What's nearby
- Joseph St/Eureka St (bus) — 89 m away
- Cutters Chair — 666 m away
- Unnamed — 255 m away
- Unnamed — 312 m away
- Unnamed — 326 m away
Eureka at a glance
Full suburb profile- Population
- 633
- Median age
- 38
- Household income
- $1,168/wk
- Median rent
- $270/wk
- Median mortgage
- $1,096/mo
Source: ABS Census.
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