6/111 Lexton Street, Lake Wendouree VIC 3350
6/111 Lexton Street, Lake Wendouree VIC 3350
This is a 2-bedroom, 1-bathroom townhouse on a 242m² lot, built in 2010. It has a walk-in robe to the main bedroom and parking for up to 2 cars. The property sits within walking distance of Lake Wendouree.
What is competitively strong about this property is its location within walking distance to Lake Wendouree, a major lifestyle draw that consistently supports both owner-occupier and investor demand. The 2010 build is newer than much of the suburb’s older housing stock, offering a lower-maintenance option without the premium of brand-new construction. It is best suited to a downsizer wanting proximity to the lake or an investor targeting the steady rental demand that this location typically commands. The property is positioned as a solid, mid-range entry point into the suburb, not a standout but a reliable option in a desirable pocket.
What may materially affect value is the inconsistency in reported car parking, which could influence appeal for buyers needing two dedicated spaces. The single bathroom may also be a constraint for some households, limiting the buyer pool slightly compared to two-bathroom units. The 242m² lot is standard for a townhouse of this era but offers limited outdoor space, which might be a consideration for those wanting a garden. These factors should be weighed when forming a view on price, as they are not deal-breakers but do define the property’s ceiling in a competitive market.
Detailed Independent Property Report prepared by PropCred Analyst team for 6/111 Lexton Street, Lake Wendouree VIC 3350
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Lake Wendouree is a high-income suburb within Ballarat, attracting buyers seeking established amenity. Demand is driven by local professionals, supported by significant infrastructure investment. The housing market has experienced a notable correction, with extended selling periods indicating a rebalancing. Future growth is underpinned by Ballarat’s broader strength and development activity, though sensitivity to affordability and supply constraints presents a key risk.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
242m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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