113 Humffray Street N, Ballarat East VIC 3350

113 Humffray Street N, Ballarat East VIC 3350
1910 heritage home | 810sqm central allotment | 4 bed, 3 bath, 6 car | General Residential Zone This property presents a rare combination of period character and substantial, usable land in a central location. The 810sqm block with a six-car capacity is a significant configuration edge for Ballarat East, offering flexibility for families or those seeking space. The internal heritage features coupled with four bedrooms and three bathrooms modernise the offering, positioning it for an owner-occupier seeking character without compromise on scale or utility. The primary decision point is the reconciliation of its estimated value against a thin comparable sales history and undefined heritage controls, which impose cost and approval risks on future alterations. The absence of recent, like-for-like sales in the immediate area complicates price validation. Proceed with an offer contingent on a full assessment of heritage overlay implications and building condition, targeting a hold period that capitalises on its land bank value. A Propcred report would specifically pressure-test the valuation against wider precinct sales and detail the compliance costs attached to the heritage features. No directly comparable sales data is provided for this specific property, limiting precise value inference. The referenced 2008 sale for a different property is not a relevant benchmark. Buyers must rely on a professional valuation of the 810sqm parcel and the renovated 1910 home, as median suburb data lacks the granularity for this unique offering.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Ballarat East presents a compelling entry point into a regional centre undergoing significant transformation. Demand is driven by a pronounced undersupply of housing, with sales activity far outstripping new project completions, creating a seller’s market. House prices have demonstrated robust growth, while the unit market has softened. Future prospects are underpinned by substantial infrastructure investment, though the key constraint remains the acute shortage of available stock against strong buyer appetite.
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PropCred Estimated Value

Bedrooms

4

Bathroom

3

Parking

6

Land

811mΒ²

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