844 Tress Street, Mount Pleasant VIC 3350
844 Tress Street, Mount Pleasant VIC 3350
Compact 1950s corner allotment | two bedrooms, one bathroom | updated kitchen and timber floors | close to park, school and CBD | small 371m² lot
A low-maintenance corner allotment is offered by this 1950s house, with a modernised interior that includes timber flooring, high ceilings, a gas log fire, and an updated kitchen with an island bench. The two-bedroom layout is served by a central bathroom and built-in robes, making it a practical fit for for first-home buyers, downsizers, or investors. Its location near Mount Pleasant Primary School, the reserve, and Ballarat’s CBD is considered a strong convenience advantage within the suburb.
The older construction age and compact land size may be viewed as limiting growth potential, and the buyer pool might be narrowed by the two-bedroom configuration. The appeal of the property could be enhanced by its updated presentation and corner position, particularly for those seeking move-in-ready convenience. The final price is likely to be influenced by how the modern interior and outdoor parking are weighed against the small lot.
Detailed Independent Property Report prepared by PropCred Analyst team for 844 Tress Street, Mount Pleasant VIC 3350
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Mount Pleasant, in Ballarat’s established suburban ring, is drawing families and investors. Moderate household size and elevated rental population underpin demand for 3–4 bedroom homes, with tight vacancy supporting letability. House medians sit at $522,500, up 10.58% annually (alternately $490,000, 6.52%); units lag at $400,000, down 6.13%. Houses trade in about 51 days, with 54 sales in the year. Gross yields are 4.36% for houses and 5.10% for units, and house rents hold at $410–$420 weekly. Future growth hinges on infrastructure access and school catchment appeal, but affordability is stretched relative to regional comparatives, supply has risen 60% year-on-year, and rate sensitivity is evident in negative two-year trends despite recent quarterly gains.
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PropCred Estimated Value
Comparable Sales: 838 Tress St $410k; 913 Tress St $465k | Property Price Band: $500k-$600k | Value Drivers: updated interior, corner lot, central location
Bedrooms
2
Bathroom
1
Parking
2
Land
371m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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