16 Anderson Street West
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About this property
Positioned in one of Ballarat Central's most tightly held and convenient pockets, 16 Anderson Street West presents an increasingly rare opportunity to secure a substantial 925m² (approx.) landholding just moments from the heart of the city. Currently occupied by excellent long-term tenants who are keen to remain, the property delivers immediate rental income while offering immense future upside for investors, developers or land-bankers alike. The existing residence is a comfortable and well-maintained four-bedroom home, providing plenty of space for family living. A light-filled open-plan living zone connects seamlessly with the kitchen, creating a functional and welcoming environment. A central bathroom services the home, while the layout ensures flexibility for a variety of lifestyle or leasing arrangements. What truly sets this property apart is its size and location. Set on a broad and deep allotment in a prime central position, the site offers outstanding potential for future redevelopment, subdivision or rezoning (STCA) - a compelling proposition given the ongoing demand for inner-city Ballarat housing and infill projects. The rear yard provides a vast expanse of space, ideal for future planning or simply enjoying the benefits of a generous central landholding. Secure parking and storage are catered for with a double garage. Enjoy the unbeatable convenience of Ballarat Central living, with schools, shops, cafés, transport and medical facilities all within easy reach, reinforcing the long-term appeal of both the location and the investment. Key Highlights: • Substantial 925m² (approx.) inner-city allotment • Fantastic Ballarat Central location • Recently installed refrigerated central heating / cooling • Period four bedroom home with open-plan living • Currently leased to great tenants keen to stay on • Immediate income with long term development upside • Strong potential for redevelopment or rezoning (STCA) • Rare central land opportunity in a high growth area Whether you are seeking a solid investment with holding income, a future development site, or a blue-chip central position with options, 16 Anderson Street West represents a standout opportunity not to be missed. Ballarat's Best-Selling Team
Property Details
- Property Type
- house
- Listing Type
- For Sale
- Bedrooms
- 4
- Bathrooms
- 1
- Parking
- 2
- Land Area
- 925 m²
- Listed
- 3 months ago
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Neighbourhood
Living in Ballarat Central
This 4-bedroom house in Ballarat Central, VIC 3350 sits within reach of public transport, local shops local amenities. It is listed 5% above the $597,000 median of 68 comparable houseswithin 5 km.
What's nearby
- Federation University/Albert St (bus) — 87 m away
- Eureka Pharmacy — 199 m away
- Unnamed — 202 m away
- Unnamed — 243 m away
- Unnamed — 384 m away
Ballarat Central at a glance
Full suburb profile- Population
- 5,378
- Median age
- 41
- Household income
- $1,454/wk
- Median rent
- $300/wk
- Median mortgage
- $1,600/mo
Source: ABS Census.
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Ballarat Central price trend
Median sold · House 4 bed
Compound growth +0.0% / yr over 4 yrs
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