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VIC › Ballarat East › Princes Street South

15 Princes Street South, Ballarat East VIC 3350

House

$590,000

Last sold

2 Nov 2022

3

Bedrooms

2

Bathrooms

2

Car spaces

447 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $590,000 (2 Nov 2022).(Recorded sale)
  • FactLand 447 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Ballarat East (last 5 years) with land size: median $867/m² of land (n=79). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

  • FactZoned GENERAL RESIDENTIAL ZONE - SCHEDULE 1 (GRZ1) under the ZN.(Vicmap Planning · 1 Sept 2026)

What could make it worth less?

  • FactHERITAGE OVERLAY (HO177) intersects 99.8% of this parcel.(Vicmap Planning · 1 Sept 2026)

What should you verify next?

  1. 1HERITAGE OVERLAY (HO177) affects this parcel — verify the mapped extent against the title / planning certificate before relying on unaffected land.
  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

What this lot has actually traded at

Last sold

$590,000

2 Nov 2022 · derived via latest_sale

Local land rate: recorded House sales in Ballarat East (last 5 years) with land size have a median of $867/m² of land (n=79). Districts calculation from recorded sales — not a valuation.

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

+3.5%

Median sale

Suburb $570,000

-0.13 pp

Gross yield

Suburb 3.69%

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

Planning

Planning and development

Planning scheme

ZN

Zone

GENERAL RESIDENTIAL ZONE - SCHEDULE 1

GRZ1

Jurisdiction

Ballarat

Ballarat, VIC

Planning overlays

  • environmentalDetected

Development activity

Data unavailable

Source

  • Provider: Vicmap Planning
  • Dataset: PLAN_ZONE
  • Retrieved: 1 Sept 2026
  • Version: 1
  • Parcel: 45277015

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

Detected — official

The official layer maps a heritage listed area on this parcel, intersecting about 99.8% of it (Vicmap Planning, retrieved 1 Sept 2026). Verify the extent against the title before relying on unaffected land.

Records

Property history

  1. Sold$590,0002 Nov 2022
  2. Listedprice unknowncompleted28 Sept 2022
  3. Listedprice unknowncompleted28 Sept 2022

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?

Confidence: medium

Zoned GENERAL RESIDENTIAL ZONE - SCHEDULE 1 · GRZ1 (ZN). Official parcel area about 442 m². Dual occupancy looks constrained by site overlays or terrain. Two-lot subdivision looks unlikely on the loaded constraints. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: medium

Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Heritage constraint may block demolition or dual occupancy even on a large block. Minimum lot size is not loaded, so two-lot subdivision is not confirmed. The listing may look cheap relative to land or the street. What reduces it: HERITAGE OVERLAY (HO177). Heritage can block demolition and dual occupancy even when land size looks like a site. 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. Heritage constraints are a maintenance and alteration cost, not usually a rent premium by themselves.

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

Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Loaded constraints look like they kill a naive land-size story. Pay house money, or walk, until a planner confirms a pathway.

Detail

The listing may look cheap relative to land or the street. What reduces it: HERITAGE OVERLAY (HO177). Heritage can block demolition and dual occupancy even when land size looks like a site.

Read more

Nearby competing dwellings and net yield are still unknown.

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.

3 of 10 questions answered so far

  • Development optionality of this lot

    Knownmedium

    Zoned GENERAL RESIDENTIAL ZONE - SCHEDULE 1 · GRZ1 (ZN). Official parcel area about 442 m². Dual occupancy looks constrained by site overlays or terrain. Two-lot subdivision looks unlikely on the loaded constraints. This is a screen, not a planning certificate.

  • 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?

    Knownmedium

    The listing may look cheap relative to land or the street. What reduces it: HERITAGE OVERLAY (HO177). Heritage can block demolition and dual occupancy even when land size looks like a site.

  • Lot-level flood

    Unknown

    Flood overlay has not been queried for this lot. 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

    No DA adapter returned applications 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 Princes Street South →

Listing material

Listed by Buxton Ballarat

Miners Cottage Gem With More Than Meets The Eye

Welcoming to the market is this beautiful miner’s cottage with so much more to offer than what you think, having been extended in the past there is plenty of space for the growing family or a perfect opportunity for an Air BnB so close to the Ballarat CBD.

Offering three spacious bedrooms, two with walk in robes and the master having a split system and a brand new ensuite. There is an optional fourth bedroom at the front, or a second living area with gas heater and ceiling fan. Opening up to the back in the extension is the dining living area with renovated kitchen offering 40mm stone bench tops, 900mm gas cooktop, wall oven and dishwasher with ample bench space and storage. There is a second bathroom with separate toilet as well as a separate powder room for guests. Flowing out the yard from the dining area is an undercover decked and paved alfresco ideal for bbq’s and entertaining. The yard has rear access from Forbes Street ideal for boats and trailers with access to the McKenzie Reserve perfect for those with kids and pets. The double length garage offers off street parking and space for a workshop. Other features include a split system to the main living area, a full separate laundry and a garden shed in the yard.

Located just a short walk to the Ballarat CBD and train station this one is perfect for those looking to commute as you have direct access to the Melbourne freeway. Coles supermarket is only 450m away and St Alipius Parish School just 500m away, this one has to be seen to be appreciated so call to book your own private inspection.

Listing description written by Paul McGourlay, Buxton Ballarat — reproduced as published, not verified by Districts.

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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.