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Apartment

1 Palmerston Street

Ararat VIC 3377, Australia

2 Bedrooms
1 Bathrooms
1 Parking
221 m² Land size
70 m² Internal area
$187,000 Last sale (2022)

About this property

yardizepropertyrecord
1 Palmerston Street is in Ararat, VIC and is presented as an Apartment with 2 bedrooms, 1 bathroom, 1 parking space, land size of 221 m², internal area of 70 m². Price: Leased. The estimated market value is $534,750 and the estimated weekly rent is $341 per week

Key details

Locality
Ararat
State
VIC
Coordinates
37.2808248 / 142.93241424
GNAF PID
GAVIC410758162
Legal parcel ID
1\PS728156
Remoteness area
Regional
Property type
Apartment
Land size
221 m²
Internal area
70 m²
Built
1998
Mobile coverage
5G mobile coverage
Heritage overlay
None detected
Zoning
General Residential Zone – Schedule 1
Land Use Category
Residential

Market estimates

Based on curated rent estimate, web rent evidence, web value evidence.

Expected weekly rent
$341
Expected property value
$534,750
Estimated yield
3.32%
Confidence
High

Based on the comparable property evidence currently available.

Sales history

EventDatePricePrice per m²
Sale
27 Jul 2022
Private treaty sale
$187,000$846
Sale
19 Oct 2016
$595,000$2,692
Sale
18 Nov 2003
$320,000$1,447
Sale
14 Oct 1983
$27,303$123

Price per m² based on land size of 221 m².

Property insights

Property Features

  • Two bedrooms with built‑in robes Raywhite.com
  • One bathroom
  • Single carport providing one car space
  • Split‑system air‑conditioning
  • Electric cooking facilities
  • Gas hot water system
  • Paved outdoor area with garden beds
  • Opposite Alexandra Gardens with lake and mountain views
  • Gas hot water
  • Paved outdoor area and garden beds
  • Opposite Alexandra Lake & Gardens with views of Mt Langi Ghiran
  • Fully leased four‑unit block (units 1, 3, 5 & 7): All units feature 2 bedrooms, 1 bathroom and similar amenities
  • Strong rental yields – projected $250 pw per unit

Recorded sales and leasing agents

  • The property is listed by Ray White Ararat Raywhite.com
  • Contact details: Phone 5352 2303
  • The unit was sold for $187,000 on 27 July 2022 and is currently leased
Recorded sale agency (2022 sale)
Ray White Ararat recorded for the 2022 sale

Building profile

  • Built: Year Built: 1998

Area insights

The surrounding precinct places public transport and civic services within easy reach. The nearby mix of destinations supports everyday convenience and local foot traffic

Real Estate Agencies

Ordered by:
Nutrien Harcourts - ARARAT
0.6 km
Ballarat Real Estate - ARARAT
0.6 km
Elders Real Estate Ararat - ARARAT
0.3 km
Ray White Ararat - Ararat
0.4 km

Nearby schools

Type:
Ordered by:
Marian College
0.7 km
Secondary school | Catholic
St Mary's School
0.8 km
Primary school | Catholic
Ararat North Primary School
0.9 km
Primary school | Government
Ararat Secondary College
1.0 km
Secondary school | Government
Ararat West Primary School
1.1 km
Primary school | Government
Ararat Primary School
1.7 km
Primary school | Government
Great Western Primary School
16.4 km
Primary school | Government
Ararat North Kinder Care
0.5 km
Ararat Childcare and Kinder Retreat
0.5 km
St Andrews Kindergarten
0.6 km
Jack & Jill Kindergarten
0.8 km
Ararat Early Learning Centre
0.9 km
Carey St Kindergarten
1.1 km
* Approximate straight-line distances

Frequently asked questions

How many bathrooms are there?

The property includes one bathroom

Raywhite.com
What type of property is 1 Palmerston Street?

It is a brick unit/apartment forming part of a low‑maintenance four‑unit block

Raywhite.com
How many bedrooms does the unit have?

The unit has two bedrooms

Raywhite.com
How many car spaces are available?

There is one car space provided by a single carport

Raywhite.com
What is the estimated weekly rent for the unit?

Projected rental income for each unit in the block is about $250 per week

Raywhiteararat.com.au
Which park is directly opposite the property?

Alexandra Gardens lies opposite the unit, offering lake views and recreation space

Raywhite.com
What is the nearest hospital?

Ararat Hospital is approximately 0.2 km away

What kind of property is this?

1 Palmerston Street is listed as Apartment in Ararat, VIC

Car spaces Ray White

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