18 Mclellan Street
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About this property
Investor and developer opportunity awaits with this ultra-affordable property positioned on a huge 1000 sq.m. apprx allotment with the rare advantage of dual street access. Packed full of potential, this is the ideal chance to secure a centrally located property and rent the existing home while exploring future development opportunities at the rear (STCA). Conveniently located only minutes from the CBD, schools, supermarkets and the East Grampians Health Service, the property offers exceptional value for investors, developers or buyers looking for a project with upside. The neat weatherboard home provides a solid foundation with plenty of scope to renovate and improve. Inside, the home features a good-sized lounge complete with a wood heater and reverse-cycle split system, four bedrooms, plus a neat kitchen and bathroom. Outside, there is a double carport along with a large garage fitted with its own reverse-cycle split system, providing excellent additional storage, workshop or hobby space. Once rental compliant, the property is expected to achieve approximately $330-$350 per week, making this an exciting opportunity with immediate income potential and future possibilities. Please Note: Photo ID is required for all inspections.
Property Details
- Property Type
- house
- Listing Type
- For Sale
- Bedrooms
- 4
- Bathrooms
- 1
- Parking
- 4
- Land Area
- 1000 m²
- Listed
- 1 month ago
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Neighbourhood
Living in Ararat
This 4-bedroom house in Ararat, VIC 3377 sits within reach of public transport, local shops and nearby schools. It is listed 26% below the $450,000 median of 57 comparable houseswithin 5 km.
Schools near Ararat
- Ararat North Primary Schoolprimary · Prep-6 · CoEd
- Ararat Primary Schoolprimary · Prep-6 · CoEd
- Ararat West Primary Schoolprimary · Prep-6 · CoEd
- Ararat Secondary Collegesecondary · 7-12 · CoEd
- Marian Collegesecondary · 7-12 · CoEd
What's nearby
- Ararat 1 (train) — 165 m away
- United — 1.1 km away
- Gordon Street Oval — 1.2 km away
- Unnamed — 4.0 km away
Ararat at a glance
Full suburb profile- Population
- 8,500
- Median age
- 45
- Household income
- $1,216/wk
- Median rent
- $250/wk
- Median mortgage
- $1,083/mo
Source: ABS Census.
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Suburb market
Suburb price trend
Ararat price trend
Median sold · House 4 bed
Compound growth +3.1% / yr over 4 yrs
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Listing price changes
1 price change recorded for this property
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