1/36 Hotham Street, Lake Wendouree VIC 3350

1/36 Hotham Street, Lake Wendouree VIC 3350
2 bedrooms, 1 updated bathroom, 1 car space on 272m². Ground floor unit with built-in robes, open plan living, and a modern kitchen. Moments from Lake Wendouree. This unit is positioned well within Lake Wendouree, a suburb where low-maintenance living is in consistent demand. The configuration of two bedrooms with built-in robes and a single bathroom is standard for this property type, but the updated kitchen and bathroom give it a fresher feel than many comparable units. The 272m² lot is generous for a unit, offering more private outdoor space than typical apartments. It serves best buyers seeking a walk-to-lake lifestyle without the upkeep of a larger house, particularly couples or empty-nesters who value proximity to Ballarat’s amenities. The estimated value of $485,000 sits below the last known marketing range of $550k–$600k, which may indicate a price adjustment or a shift in market conditions. The absence of recent direct comparable sales on Hotham Street means the buyer should weigh how the unit’s presentation and location compare to similar properties in the surrounding streets. The updated interiors are a clear advantage, but the unit’s age and potential for limited storage or outdoor space might affect its appeal relative to newer builds. Rental demand is strong here, with typical yields around 3.5–4.0%, which could support an investment case if the purchase price aligns with that income potential.
Detailed Independent Property Report prepared  by PropCred Analyst team for 1/36 Hotham Street, Lake Wendouree VIC 3350
Checks found:
Value Risk
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk 2
Execution Risk ! 1
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Market Insight

Lake Wendouree is a high-income suburb within Ballarat, attracting buyers seeking established amenity. Demand is driven by local professionals, supported by significant infrastructure investment. The housing market has experienced a notable correction, with extended selling periods indicating a rebalancing. Future growth is underpinned by Ballarat’s broader strength and development activity, though sensitivity to affordability and supply constraints presents a key risk.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

272m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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