1311-1313 Dana Street, Ballarat Central VIC 3350

1311-1313 Dana Street, Ballarat Central VIC 3350
Period house on 1120sqm | Pool, studio, bungalow | Heritage overlay, tree-lined street | Near Lake Wendouree | Flexible multi-gen layout This property is considered rare in central Ballarat for its combination of a large landholding, period character, and multiple independent living structures. It is positioned in a sought-after tree-lined pocket near Lake Wendouree and the CBD, making it particularly suitable for families or buyers seeking space and flexibility. The separate studio and self-contained bungalow are seen as accommodating multi-generational living or providing additional income potential, which strengthens its appeal relative to standard inner-suburb stock. The hydronic heating, high ceilings, and renovated kitchen add to its liveability without sacrificing heritage charm. The heritage overlay may affect future alteration options, though it also reinforces the character that attracts buyers. Maintenance of the period features, pool, and outbuildings might be factored into long-term costs. The estimated rental yield of around 2% is considered low, but this property is likely to appeal to owner-occupiers prioritising location and lifestyle over income return.
Detailed Independent Property Report prepared  by PropCred Analyst team for 1311-1313 Dana Street, Ballarat Central VIC 3350
Checks found:
Value Risk ✓
Liquidity Risk ! 1
Planning Risk ✕ 2
Income Risk ✕ 2
Execution Risk ✕ 2
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Market Insight

Ballarat Central is positioned as a vibrant, affordable alternative to Melbourne, attracting professionals and families with its heritage charm and modern amenities. Demand is driven by this demographic seeking value, creating a tight market with strong recent price momentum. Future growth is underpinned by significant infrastructure investment and a clear undersupply of housing, though this same constraint presents a key risk if new development continues to lag robust sales activity.
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PropCred Estimated Value

Bedrooms

5

Bathroom

3

Parking

4

Land

1120m²

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