422 Pleasant Street S Newington VIC 3350

1955 brick house | renovated kitchen | heritage overlay | FTTP NBN | Ballarat High zone This property presents a competitively strong, low-maintenance entry into a highly desirable Ballarat neighbourhood. The recent interior updates and brick construction offer immediate livability with reduced upkeep, squarely serving first-home buyers or investors seeking a stable, tenanted property. Its zoning for well-regarded schools, including Ballarat High, anchors its appeal to families and supports long-term demand. The heritage overlay introduces a material risk, imposing potential constraints and costs on future external alterations or extensions, which limits capital improvement pathways. The estimated value range sits notably below the asking price, indicating a premium for its current presentation. Acquire as a long-term hold, either as a principal residence leveraging the school zones or a rental benefiting from strong yield signals. Our report would pressure-test this valuation gap and detail the specific permissions and restrictions under the heritage overlay to quantify your risk exposure. Comparable sales data from the statement of information lists three properties sold within 5km in the last 18 months. While specific details are not provided here, this local sales evidence is critical for benchmarking and negotiating a purchase price aligned with genuine market movement, not listing ambition.