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VIC › Ballarat East › Eureka St

138 Eureka St, Ballarat East VIC 3350

For saleHouse for Sale

$1,125,000–$1,175,000

For sale

Asking range

4

Bedrooms

2

Bathrooms

4

Car spaces

541 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,125,000–$1,175,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,125,000–$1,175,000(Listing record · 19 Aug 2026)
  • FactLand 541 m²; no building size recorded.(Property record)
  • CalculationAsk is 97% above the Ballarat East median recorded sale ($570,000, n=46, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Ballarat East's advertised median rent ($404/wk), implied gross yield would be 1.87% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$1,125,000–$1,175,000

Asking range · $2,079/m² of land

No recorded sale for this property.

Ballarat East at a glance

5,972

People

$570,000

Median sale

$404/wk

Median rent

3.69%

Suburb gross yield

Median sale from 46 recorded sales (last 12 months) — a Districts calculation.

See the full Ballarat East report →

Vs Ballarat East

+97.4%

Median sale

Suburb $570,000

-1.82 pp

Gross yield

Suburb 3.69%

Suburb median $570,000 from 46 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$1,125,000
Stamp Duty (Victoria)
$61,875
Transfer/Registration Fee
$2,737
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$1,193,312

$68,312 on top of the price (6.1% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Ballarat East's advertised median rent — not a rent for this listing.

Net yield
0.37%
Annual cashflow (pre-tax)
$-54,367
Interest cover (DSCR)
0.07
Annual rent
$21,008
Operating expenses
$16,875
Loan amount
$900,000
Annual interest
$58,500
Gross yield
1.87%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$1,125,000–$1,175,000available19 Aug 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $404/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 1.9%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Ballarat East in one glance

Ballarat East at a glance

5,972

People

$570,000

Median sale

$404/wk

Median rent

3.69%

Suburb gross yield

Median sale from 46 recorded sales (last 12 months) — a Districts calculation.

See the full Ballarat East report →

Keep researching

  • Why Ballarat East? Read the area thesis →
  • What else is on the market in Ballarat East →
  • Other records on Eureka St →

Listing material

Listed by McGrath Ballarat

Bespoke Heritage Luxury Meets Contemporary Design in Ballarat East

A remarkable fusion of heritage character and contemporary sophistication, this beautifully renovated residence delivers an exceptional standard of living in a highly sought-after Ballarat East location. Meticulously restored in every element, thoughtfully considered, with quality craftsmanship and carefully selected finishes evident throughout.

• From the moment you step inside, the home makes an immediate impression, with its charming 1860s origins beautifully preserved and celebrated, from the feature original red bricks to the captivating Victorian cornices.

• The original section of the residence accommodates three bedrooms and two separate living spaces, all enhanced by soaring ceilings, beautiful light fittings, and an abundance of period character.

Read the full description

• The stylish family bathroom is conveniently positioned to service the children's bedrooms, before the home transitions seamlessly into the expansive contemporary extension at the rear.

• Upstairs, the impressive master suite provides a private sanctuary away from the main living areas. Generously proportioned and beautifully finished, with raked ceilings, the suite features a spacious walk-in robe and a luxurious ensuite showing off another custom skylight, with the bonus of a full width balcony with views over the city creating the perfect parents' retreat.

• At the heart of the home is the spectacular open-plan kitchen, dining and living zone, where contemporary architecture and natural light combine to create a truly impressive space. A striking feature skylight immediately captures your attention, flooding the living area with natural light while creating an architectural centerpiece to be admired. An expansive wall of windows across the rear of the extension further enhances the sense of openness, providing beautiful natural light and a seamless connection with the outdoors.

• Hardwood timber flooring brings warmth and character to the contemporary addition, while floor-to-ceiling sheers soften the space and create an inviting atmosphere. The result is a living area that feels sophisticated yet comfortable, perfectly suited to both everyday family life and entertaining.

• The kitchen makes a statement while remaining highly functional, featuring stone benchtops, premium appliances, generous storage and quality finishes. Overlooking the dining and living areas, it creates a central gathering point where cooking, entertaining and family life come together effortlessly. The transformation of the walk in pantry is an addition any home chef will love.

• Throughout the residence, the contrast between the original 1860s character and the contemporary addition has been exceptionally executed, creating a home that respects its history while embracing modern living.

• Externally, the transformation is equally impressive. The restored original red brickwork provides a striking reminder of the home's heritage, complemented by a brand-new roof, upgraded insulation and double-glazed windows to enhance comfort and energy efficiency.

• Glass sliding doors provide a seamless transition from the main living area to the backyard, where a generous grassed area comes directly off the timber decking and offers plenty of room for children and pets to enjoy. Complete with a charming cubby house to match the character of the property, the outdoor space has been designed with family living in mind while remaining easy to maintain.

• The home has a single lock of garage off Eureka St but also boasts rear road access with room for a triple car garage, caravan storage or a tradesman's work shop.

• Year-round comfort has also been carefully considered, with hydronic heating and split-system heating and cooling ensuring the home remains comfortable throughout Ballarat's changing seasons.

• Positioned on Eureka Street and only moments from the Ballarat CBD, this extraordinary residence presents a rare combination of historic charm, contemporary architecture and uncompromising modern luxury. With schools, shopping, cafés, parklands and everyday amenities all within easy reach, this is an exceptional opportunity to secure a truly individual Ballarat East home where craftsmanship, character and thoughtful design come together beautifully.

Listing description written by Matt Skinner, McGrath Ballarat — reproduced as published, not verified by Districts.

Property features

  • Living Areas: 3
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.