322A Lyons Street S, Ballarat Central VIC 3350
322A Lyons Street S, Ballarat Central VIC 3350
3-bed period house on 523m² | Tightly held heritage street | Walk to CBD | Original period features intact | Heritage overlay constrains changes
This house is positioned in a scarce niche in Ballarat Central: a three-bedroom period home on 523 square metres, on a tightly held heritage street. The configuration is far more substantial than nearby apartments, with stronger owner-occupier appeal and retained investor interest. Original features such as high decorative ceilings, timber flooring, a bay-windowed lounge and fireplace, are paired with split-system heating and cooling. Secure backyard, side driveway and single-car accommodation complete the package for first-home buyers, downsizers wanting CBD walkability, or those wanting a period home with room to update.
The value of this house may be shaped most by the heritage overlay, which can limit external changes, a key renovation constraint. The kitchen and dining might be seen as functional, not finished, so update costs should be weighed against the character premium. Land size may support resale, but price could hinge on interior condition vs original detailing.
Detailed Independent Property Report prepared by PropCred Analyst team for 322A Lyons Street S, Ballarat Central VIC 3350
Checks found:
Value Risk
✕
2
Liquidity Risk
!
1
Planning Risk
!
1
Income Risk
!
1
Execution Risk
!
1
Market Insight
Ballarat Central is a mid-priced regional market relative to Melbourne, with a median house price of $682,000 and units at $434,000. Demand is led by professionals and families attracted to heritage charm, parks, schools, and the arts scene, with stable demographics and broad mid-range pricing reinforcing the buyer base. House prices have risen 21.2% annually; units are up 24.0% or 19.8% for the year to Q4 2025. Gross rental yields sit at 3.4% for houses and 4.6% for units, supported by an undersupplied rental market: house rents rose 7.0% while houses rented fell 11.9% to 402 in Q4 2025. Growth drivers include $539.1M of projects commencing in 2026, including $53.4M infrastructure. The key constraint is supply: only 68 townhouses, 158 units, and 44 houses are planned against quarterly sales of 788 houses and 166 units, intensifying price pressure.
PropCred Estimated Value
Comparable Sales: 204 Lyons Street South sold $470,000; 202 Lyons Street South sold $1,100,000 | Property Price Band: $600K–$700K | Value Drivers: 523m² central land, heritage features, character presentation
Bedrooms
3
Bathroom
1
Parking
1
Land
533m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
Other Properties to Compare in This Area
Property buyers often compare multiple homes in the same local area before making a decision. These recent property research pages are selected from the same postcode, nearby postcodes, or the same state where required.
- 8 Oakes Place, Golden Square VIC 3555 — 6 bed · 4 bath · 2 car
- 72 Breasley Parkway, Point Cook VIC 3030 — 4 bed · 2 bath · 2 car
- 94 Lawn Cres, Braybrook VIC 3019 — 3 bed · 2 bath · 1 car
- 1 Carlow Walk, Lalor VIC 3075 — 3 bed · 2 bath · 2 car
- 7 Grant Street, Sebastopol VIC 3356 — 3 bed · 2 bath · 1 car
- 491 Napier Street, White Hills VIC 3550 — 3 bed · 1 bath · 1 car
- 1/84 Opie Road, Albanvale VIC 3021 — 3 bed · 2 bath · 1 car
- 263 Horsham-Noradjuha Road, Lower Norton VIC 3401 — 4 bed · 3 bath · 2 car
- 164 Aylmer Road, Lyndhurst VIC 3975 — 4 bed · 2 bath · - car
- 13 Hemsley Drive, Deer Park VIC 3023 — 4 bed · 2 bath · 2 car
- 189 Cherry Tree Road, Bailieston VIC 3608 — 2 bed · 1 bath · 1 car
- 7 Oakdene Court, Ballarat North VIC 3350 — 4 bed · 2 bath · - car
- 15 Cavendish Street, Portland North VIC 3305 — 5 bed · 2 bath · 2 car
- 5 Kent Court, Mansfield VIC 3722 — 4 bed · 2 bath · 1 car
- 8 Rogers Court, Sunbury VIC 3429 — 4 bed · 2 bath · 2 car
- 15 Dexter Grove, Point Cook VIC 3030 — 3 bed · 2 bath · 2 car
- 895 Sayers Road, Tarneit VIC 3029 — 4 bed · 2 bath · - car
- 9 Bovard Close, Caroline Springs VIC 3023 — 3 bed · 2 bath · - car
- 1/1 Gumbri Place, Brunswick VIC 3056 — 2 bed · 1 bath · 1 car
- 21 Cedarville Close, Highton VIC 3216 — 4 bed · 2 bath · 2 car
- 1 Gowanbrae Drive, Gowanbrae VIC 3043 — 3 bed · 2 bath · 2 car
- 210 Harrisons Back Road, Moonambel VIC 3478 — 3 bed · 1 bath · 6 car
- 3/49-51 Bay Road, Sandringham VIC 3191 — 3 bed · 2 bath · 2 car
- 10/12 Maryville Street, Ripponlea VIC 3185 — 2 bed · 1 bath · 1 car
- 94 Amberly Park Drive, Narre Warren South VIC 3805 — 4 bed · 1 bath · 1 car
- 31 Kensington Cres, Altona Meadows VIC 3028 — 4 bed · 2 bath · - car
- 15 Magpie Avenue, Metung VIC 3904 — 3 bed · 2 bath · 2 car
- 2B Wharton Avenue, Broadmeadows VIC 3047 — 3 bed · 2 bath · 2 car
- 28 Cornwell Cres, Cranbourne East VIC 3977 — 5 bed · 2 bath · 2 car
- 21 Findon Road, Epping VIC 3076 — 4 bed · 2 bath · 4 car
- 3 Cedarwood Cres, Berwick VIC 3806 — 4 bed · 3 bath · 2 car
- 4/270 Shaws Road, Werribee VIC 3030 — 3 bed · 2 bath · - car
- 75 Signature Boulevard, Point Cook VIC 3030 — 3 bed · 2 bath · 2 car
- 1 Pine Ridge Road, Kinglake West VIC 3757 — 4 bed · 2 bath · 4 car
- 4 Seabrook Boulevard, Seabrook VIC 3028 — 4 bed · 2 bath · 3 car
- 6/96 Wells Street, Southbank VIC 3006 — 3 bed · 2 bath · 1 car
- 61 Swanston Street, Heidelberg Heights VIC 3081 — 2 bed · 1 bath · 2 car
- 27 Scenic Cres, Ballarat North VIC 3350 — 4 bed · 2 bath · - car
- 23 New Street, South Kingsville VIC 3015 — 2 bed · 1 bath · - car
- 5 Quinn Street, Bell Post Hill VIC 3215 — 3 bed · 2 bath · - car
- 2/12 Golden Avenue, Bonbeach VIC 3196 — 2 bed · 1 bath · 1 car
- 115 Howitt Street, Soldiers Hill VIC 3350 — 4 bed · 1 bath · - car
- 3 Windsor Avenue, Alfredton VIC 3350 — 3 bed · 2 bath · - car
- 21 Christine Avenue, Alfredton VIC 3350 — 3 bed · 1 bath · 2 car
- 44 Becker Street, Smythesdale VIC 3351 — 3 bed · 2 bath · 1 car
- 15 Wyuna Cres, Smythes Creek VIC 3351 — 4 bed · 2 bath · 2 car
- 24 Pitfield-Scarsdale Road, Scarsdale VIC 3351 — 2 bed · 1 bath · 3 car
- 4 Mill Street, Ballarat Central VIC 3350 — 3 bed · 2 bath · 1 car
- 127 Errard Street S, Ballarat Central VIC 3350 — 2 bed · 1 bath · - car
- 115 Foster Street, Redan VIC 3350 — 3 bed · 1 bath · 1 car
- 8 Brind Way, Lucas VIC 3350 — 4 bed · 2 bath · 2 car
- 8 Canadian Springs Drive, Canadian VIC 3350 — 5 bed · 2 bath · 2 car
- 2280 Glenelg Highway, Scarsdale VIC 3351 — 5 bed · 2 bath · 4 car
- 3/242 Victoria Street, Ballarat East VIC 3350 — 2 bed · 2 bath · 1 car
- 16 Holmsgarth Court, Brown Hill VIC 3350 — 3 bed · 2 bath · 2 car
- 6 Cardigan Street, Lake Wendouree VIC 3350 — 5 bed · 3 bath · 4 car
- 959 Glenelg Highway, Smythes Creek VIC 3351 — 5 bed · 1 bath · 4 car
- 844 Tress Street, Mount Pleasant VIC 3350 — 2 bed · 1 bath · 2 car
- 305 Urquhart Street, Ballarat Central VIC 3350 — 2 bed · 2 bath · - car
- 46 Patriot Cres, Smythes Creek VIC 3351 — 4 bed · 2 bath · 2 car
- 27 Nightingale Street, Newington VIC 3350 — 4 bed · 2 bath · 2 car
- 49 Peel Street S, Golden Point VIC 3350 — 2 bed · 2 bath · 1 car
- 318 Ripon Street S, Ballarat Central VIC 3350 — 4 bed · 2 bath · 2 car
- 722 Geelong Road, Canadian VIC 3350 — 3 bed · 2 bath · 2 car
- 81 Brooke Street, Smythesdale VIC 3351 — 3 bed · 1 bath · - car
- 8 Melvyn Cres, Mount Clear VIC 3350 — 3 bed · 2 bath · 1 car
- 289-291 Humffray Street N, Ballarat East VIC 3350 — 4 bed · 1 bath · 2 car
- 30 Jarrah Drive, Alfredton VIC 3350 — 4 bed · 2 bath · 2 car
- 1/905 Geelong Road, Canadian VIC 3350 — 2 bed · 1 bath · 2 car
- 153 Humffray Street N, Ballarat East VIC 3350 — 3 bed · 1 bath · 2 car
- 16 Mcleod Cres, Lucas VIC 3350 — 4 bed · 2 bath · 2 car
- 415 Gladstone Street, Golden Point VIC 3350 — 3 bed · 1 bath · 1 car
- 33 Cuthberts Road, Alfredton VIC 3350 — 3 bed · 1 bath · 3 car
- 1/8 Mckee Street, Golden Point VIC 3350 — 2 bed · 1 bath · - car
- 39 Roscommon Avenue, Alfredton VIC 3350 — 4 bed · 2 bath · 2 car
- 15 Beldi Street, Alfredton VIC 3350 — 4 bed · 2 bath · 2 car
- 1/36 Hotham Street, Lake Wendouree VIC 3350 — 2 bed · 1 bath · 1 car
- 5 Gingell Way, Lucas VIC 3350 — 4 bed · 2 bath · 2 car
- 3/106 Cuthberts Road, Alfredton VIC 3350 — 2 bed · 1 bath · 1 car
- 6/111 Lexton Street, Lake Wendouree VIC 3350 — 2 bed · 1 bath · 1 car
- 210 Lonsdale Street, Redan VIC 3350 — 3 bed · 1 bath · 3 car
- 10 Cloudbreak Circuit, Brown Hill VIC 3350 — 4 bed · 2 bath · 2 car
- 29 Trezise Lane, Mount Clear VIC 3350 — 4 bed · 2 bath · 2 car
- 1143 Eyre Street, Newington VIC 3350 — 4 bed · 1 bath · 2 car
- 309 Peel Street N, Black Hill VIC 3350 — 3 bed · 1 bath · 1 car
- 9 Broderick Court, Canadian VIC 3350 — 3 bed · 3 bath · 2 car
- 104 Errard Street S, Ballarat Central VIC 3350 — 2 bed · 2 bath · 1 car
- 88 Grainger Parade, Lucas VIC 3350 — 4 bed · 2 bath · 2 car
- 2/14 Stawell Street S, Ballarat East VIC 3350 — 2 bed · 1 bath · 1 car
- 59 Creekstone Drive, Alfredton VIC 3350 — 3 bed · 2 bath · 2 car
- 65 Dorset Drive, Alfredton VIC 3350 — 4 bed · 2 bath · 4 car
- 5/12 Pisgah Street, Ballarat Central VIC 3350 — 2 bed · 1 bath · 1 car
- 3/14 Stawell Street S, Ballarat East VIC 3350 — 2 bed · 1 bath · 1 car
- 22 Wilmott Street, Lucas VIC 3350 — 3 bed · 2 bath · 2 car
- 127 Ryan Street, Brown Hill VIC 3350 — 3 bed · 1 bath · 2 car
- 104 Cobden Street, Mount Pleasant VIC 3350 — 3 bed · 1 bath · 1 car
- 1/395 Humffray Street N, Brown Hill VIC 3350 — 3 bed · 2 bath · 1 car
- 27 Trezise Lane, Mount Clear VIC 3350 — 4 bed · 2 bath · 2 car
- 18 Orourke Street, Lucas VIC 3350 — 4 bed · 2 bath · 2 car
- 11 Cloudbreak Circuit, Brown Hill VIC 3350 — 4 bed · 2 bath · 2 car