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1 & 2/40 Ford Street, Eureka$570,000
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Soldhouse

1 & 2/40 Ford Street

Eureka, VIC 3350, Australia
$570,000
2 bed 1 bath 1 car474 m²

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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

Repayment calculator

$2,763/month
$1,382 /fortnight
Loan $456,000 at 6.10% over 30 years

Upfront costs

Deposit$114,000
Stamp duty$29,270
Conveyancing (est.)$2,000
Total upfront$145,270
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Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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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 Chair666 m away
  • Unnamed255 m away
  • Unnamed312 m away
  • Unnamed326 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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Eureka price trend

Median sold · House 3 bed

$491kcurrent median

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