305 Urquhart Street, Ballarat Central VIC 3350
305 Urquhart Street, Ballarat Central VIC 3350
Period cottage character | walk-to-CBD convenience | heritage overlay likely | renovation-ready or done | inner-Ballarat demand
This property sits in a pocket where the street itself is the selling point — quiet, leafy, and lined with older houses that carry genuine character rather than generic infill. For a buyer wanting the feel of historic Ballarat with the practicality of being minutes from the CBD, GovHub, and the train station, this is the kind of house that holds appeal across owner-occupiers and investors alike. The likely configuration — a modest older house on a compact lot — suits someone who values location and charm over sprawling space. It serves best the buyer who sees the address as the anchor, and the house as something to live in, improve, or rent out with confidence.
Value may hinge on how much renovation has already been done, since the street shows a wide spread between original-condition cottages and fully updated homes. The heritage overlay might limit how far you can push changes, which could matter if you are planning extensions or major alterations. Land size also varies noticeably along this stretch, so the specific block will shape the price more than the house itself. Rental appeal is solid given the central walkability, but the smaller lot and older build may mean ongoing maintenance that a newer property would not demand.
|| Comparable Sales: 307 Urquhart Street sold around $520,000; 805 Urquhart Street sold near $565,000 | Property Price Band: $500,000–$600,000 | Value Drivers: condition and renovation level, land size, heritage presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 305 Urquhart Street, Ballarat Central VIC 3350
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
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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.
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PropCred Estimated Value
Comparable Sales: 307 Urquhart Street sold around $520,000; 805 Urquhart Street sold near $565,000 | Property Price Band: $500,000–$600,000 | Value Drivers: condition and renovation level, land size, heritage presentation
Bedrooms
2
Bathroom
2
Parking
-
Land
449m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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