36 Mcgibbony Street, Ararat VIC 3377
36 Mcgibbony Street, Ararat VIC 3377
3-bed with single bath | large central block | walk to schools and CBD | renovation upside | established family pocket
On a generously sized block, a three-bedroom, one-bathroom configuration is placed squarely within the established central Ararat market, where older detached houses on substantial allotments are well represented. The home’s location is its clearest strength: primary and secondary schooling, along with the town centre, are within comfortable walking distance, which gives it practical appeal for families and owner-occupiers seeking convenience without relying on a car. The land area itself is considered a competitive advantage, allowing for future shedding, garden space, or a modest extension, depending on planning approvals. This property is best suited to buyers who value location and block size over polished presentation, and who are prepared to invest in updates to unlock the home’s potential.
The degree of renovation completed may be the strongest value driver, as updated interiors in this pocket typically generate a noticeable premium over original-period finishes. The presence of bushfire management planning controls might add assessment time for any major alterations, and the relatively slow market turnover could affect resale timing. Land size and orientation should be weighed carefully when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 36 Mcgibbony Street, Ararat VIC 3377
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Ararat, in the LGA of Ararat, is a regional market where investor demand for houses is underpinned by affordable pricing and solid yields. The house median sits at $390,000 with 5.41% annual growth, weekly rents around $400 and a gross yield near 5.44%; 182 house sales occurred in the past year. Units are weaker, with a median of $270,000, annual growth of -18.18% and a yield of 6.40%. Houses turn over in roughly 48 days, though quarterly capital gains lag the five-year average. Future growth hinges on sustained investor interest and local agency activity; the key constraint is the soft unit segment and slowing momentum.
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PropCred Estimated Value
Comparable Sales: 30 Mcgibbony Street sold in 2015 for $230,000 | Property Price Band: $450,000–$550,000 | Value Drivers: condition, block size, location convenience
Bedrooms
2
Bathroom
1
Parking
-
Land
548m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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