55 Peel Street South

Perfectly positioned on the fringe of the Ballarat CBD, this unique and flexible residence offers an exceptional opportunity for owner-occupiers, investors, or those seeking a home with additional income potential. Steeped in history, this charming miner's cottage dates back to circa 1901 and has been held by just two owners in its lifetime. The current owner has meticulously maintained and enhanced the home since 2014, blending its original character with modern functionality. The front section of the home is protected by a heritage overlay, while the rear showcases a thoughtfully designed extension completed in 2012, creating a warm and spacious living environment. Designed with versatility in mind, the front portion of the home comprises a bedroom, bathroom, and separate study/kitchenette, offering a fully self-contained space with its own entrance. Previously operated as successful guest accommodation, this area generated in excess of $700 per week at its peak and presents an excellent opportunity to re-establish a similar income stream or utilise as private guest quarters or a home office. The remainder of the home is equally well-appointed, featuring a second bedroom with built-in robes, a central bathroom, and a comfortable living area with gas heating. Both bedrooms are serviced by split system air conditioning, ensuring year-round comfort. Upstairs, a well-equipped kitchen and dining area flows seamlessly to a private outdoor patio, ideal for entertaining or relaxing. A large European laundry with additional storage adds to the home's practicality, while a substantial attic space provides further flexibility, with potential to convert into an additional living zone or bedroom (STCA). Externally, the property offers off-street parking and a charming cottage garden, completing the picture of this inviting and low-maintenance home. The location is truly outstanding. Just a short stroll from Ballarat's CBD, you are within walking distance to Her Majesty's Theatre, the Art Gallery of Ballarat, and the city's iconic streetscapes. The recently revitalised Bridge Mall is only moments away, now thriving with a vibrant mix of retail, cafés, and amenities. Public transport is exceptionally convenient, with bus services approximately 30 metres from your door and the Ballarat Railway Station within easy walking distance, offering a direct connection to Melbourne in approximately 90 minutes. A rare opportunity to secure a property that combines character, flexibility, and income potential in a blue-chip, walk-to-everything location. Enquire today to arrange your inspection.