6/1005 South Street, Ballarat Central VIC 3350

One-bedroom unit | Ballarat Central CBD | New kitchen | First-home & downsizer appeal | Building has rental activity This property presents a competitively priced entry into a central business district, a positioning that typically sustains tenant demand. The recent kitchen renovation modernises the unit’s core function, while the presence of an identical unit leased at $270 per week provides a tangible, building-specific benchmark for rental assessment. The profile squarely suits a first-home buyer securing an initial foothold or a downsizer seeking low-maintenance city convenience, with the single parking space adding practical utility in an urban setting. Proceed with the explicit risk that the advertised price range sits notably above automated valuation models, indicating a potential premium that must be justified through physical inspection and independent valuation. The absence of recent comparable sales data for the building and broader locality obscures true market momentum, placing the onus on due diligence to define fair value. Acquire this property as a long-term hold for its central location, with the immediate imperative to commission a strata report to uncover any capital works liabilities, and use a Propcred property report to pressure-test the asking price against reconciled sales evidence and detail locality-specific risks for insurance.