45 Tobin Street, Ararat VIC 3377
45 Tobin Street, Ararat VIC 3377
3-bed family house | $400/week rental signal | quiet established street | entry-to-mid market position | Ararat town convenience
This property sits in the standard family-house segment of Tobin Street, a low-density residential pocket where older detached homes and larger allotments define the character. The 3-bedroom, 1-bathroom, 1-car configuration is a practical entry point for first-home buyers or investors seeking steady rental demand, supported by the active leasing market and a suburb yield around 5%. Its likely single-level layout and proximity to town-centre amenities, schools, and public transport make it a sensible choice for owner-occupiers wanting manageable space without premium price expectations. The street itself carries a mix of modest dwellings and upgraded family homes, so this property competes on affordability and location rather than size or finish.
Value may be shaped by the condition of the original structure and any renovation work already completed, as older stock in this area can vary noticeably in quality. The land size, while not confirmed, likely offers reasonable outdoor space typical of the street, which could support future extension potential or simply add lifestyle appeal. Buyers should weigh whether the modest parking provision and single bathroom meet their needs, or whether nearby larger homes on bigger blocks justify a higher budget. Rental income potential at $400 weekly provides a solid floor for investor calculations, though resale liquidity in a regional market may be thinner than metropolitan areas.
|| Comparable Sales: 31 Tobin Street estimated $349k–$375k; High Street examples $237k–$455k | Property Price Band: $300k–$400k | Value Drivers: land size, condition and renovation level, street position within Tobin Street
Detailed Independent Property Report prepared by PropCred Analyst team for 45 Tobin Street, Ararat VIC 3377
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Ararat, in the LGA of Ararat, is a regional market where investor demand for houses is underpinned by affordable pricing and solid yields. The house median sits at $390,000 with 5.41% annual growth, weekly rents around $400 and a gross yield near 5.44%; 182 house sales occurred in the past year. Units are weaker, with a median of $270,000, annual growth of -18.18% and a yield of 6.40%. Houses turn over in roughly 48 days, though quarterly capital gains lag the five-year average. Future growth hinges on sustained investor interest and local agency activity; the key constraint is the soft unit segment and slowing momentum.
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PropCred Estimated Value
Comparable Sales: 31 Tobin Street estimated $349k–$375k; High Street examples $237k–$455k | Property Price Band: $300k–$400k | Value Drivers: land size, condition and renovation level, street position within Tobin Street
Bedrooms
3
Bathroom
1
Parking
1
Land
772m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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