11 Neylan Street, Ararat VIC 3377

renovated 2-bed house | generous 715sqm block | bungalow and workshop | mid‑5% rental yield This house offers an unusually flexible layout for a two‑bedroom home, with a renovated interior, a separate bungalow, and a powered workshop that together suit a small household, a first‑time buyer, or an investor seeking immediate rental income. Positioned on a 715‑square‑metre lot in a low‑density residential setting, the property benefits from no detected bushfire, flood, or heritage overlays, which reduces planning constraints and supports straightforward ownership. The combination of polished floors, modernised kitchen and bathroom, gas heating, and air conditioning means the dwelling is move‑in ready, while the ancillary structures add practical space for guests, hobbies, or storage. This configuration is well matched to Ararat’s market, where larger land parcels on detached houses are common and where the property’s upgrades justify a price above the typical two‑bedroom house segment. The property’s value is primarily shaped by its renovated condition and the extra improvements, which may command a premium over unrenovated stock. Its estimated rental return of roughly $380 per week suggests a gross yield in the mid‑5% range, which is notable for a detached house and may attract investors. The main constraint is the two‑bedroom layout, which limits accommodation capacity relative to the land size, so the property may not suit buyers needing more than two bedrooms. The absence of a recorded building age means construction quality and depreciation are unknowns, and the lack of nearby comparable sales in the available information makes precise price benchmarking difficult. Buyers should weigh the flexible outbuildings against the limited bedroom count when forming their own view.