6 Montgomery Street, Ararat VIC 3377

6 Montgomery Street, Ararat VIC 3377
weatherboard house on generous lot | general residential zone with bushfire overlay | established school catchment | Ararat long-term resident area This property offers a rare combination of a 629sqm lot and a 176sqm weatherboard house in a general residential zone, giving a buyer positional leverage for future subdivision or extension. The 1950 build is structurally straightforward, and the school catchment for Ararat West Primary and Secondary College adds family appeal. It serves first-home buyers or investors seeking a long-term hold in a stable area with 65% long-term residents. The bushfire overlay imposes compliance costs and restricts some development options, which a buyer must factor into any renovation or subdivision plan. The $120,000 last sale in 2014 and current rental estimate of $355 per week indicate modest capital growth but solid rental demand. Hold this property for its land content and zoning flexibility, not for immediate capital gains.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Ararat presents as an affordable regional market where house price growth has recently outpaced units, which have experienced significant declines. Demand appears driven by investors seeking capital gains and solid rental yields, particularly in the housing segment. The market shows moderate momentum for houses, though recent quarterly gains have softened compared to longer-term averages. Future performance hinges on sustaining investor interest against the backdrop of unit market weakness and potential sensitivity to broader economic conditions.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

1

Land

629mยฒ

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