104 Errard Street S, Ballarat Central VIC 3350
104 Errard Street S, Ballarat Central VIC 3350
2 bedrooms, 2 bathrooms, 2 car spaces on 470m² with a 209m² building footprint. Single-storey 1970s house in Ballarat Central with heritage overlay, zoned for Dana Street Primary and Ballarat High School.
This property is competitively positioned as a rare single-storey house on a full 470m² block within Ballarat Central, where smaller lots and multi-level homes are common. The 209m² building footprint provides generous internal space for a two-bedroom home, and the heritage overlay signals a character-rich streetscape that appeals to buyers seeking established neighbourhoods. The school zoning and central location make it particularly suited to investors targeting families or downsizers who want walkable access to city amenities without sacrificing a private yard. Its configuration as a two-bedroom house rather than a unit or apartment is a genuine point of difference in this suburb.
The heritage overlay may restrict future renovations or extensions, which could limit the property’s upside for buyers seeking to add value through significant structural changes. The 1970s construction age might require updates to systems like plumbing or electrical, and the current rental yield of approximately 3.0% is modest for an investor. The listing price range sits below the suburb median, which may reflect these constraints or an opportunity for a buyer who values location over modern finishes. Any decision on price should weigh the cost of potential heritage approvals against the premium for a centrally located, single-storey home on a full block.
Detailed Independent Property Report prepared by PropCred Analyst team for 104 Errard Street S, Ballarat Central VIC 3350
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Ballarat Central is positioned as a vibrant, affordable alternative to Melbourne, attracting professionals and families with its heritage charm and modern amenities. Demand is driven by this demographic seeking value, creating a tight market with strong recent price momentum. Future growth is underpinned by significant infrastructure investment and a clear undersupply of housing, though this same constraint presents a key risk if new development continues to lag robust sales activity.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
470m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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