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1-5/207 Talbot Street South, Ballarat Central, Vic 3350 Sold
1-5/207 Talbot Street South, Ballarat Central, Vic 3350 1-5/207 Talbot Street South, Ballarat Central, Vic 3350-Image 1-5/207 Talbot Street South, Ballarat Central, Vic 3350-Image 1-5/207 Talbot Street South, Ballarat Central, Vic 3350-Image 1-5/207 Talbot Street South, Ballarat Central, Vic 3350-Image 1-5/207 Talbot Street South, Ballarat Central, Vic 3350-Image 1-5/207 Talbot Street South, Ballarat Central, Vic 3350-Floorplan

1-5/207 Talbot Street South, Ballarat Central, Vic 3350

$875,000 - $895,000

Block Of Units
Type
5
Bedrooms
5
Bathrooms
5
Parkings
1,003 m²
Area

Last updated on Wednesday, September 23, 2026 ( See property details for 1-5/207 Talbot Street South, Ballarat Central, Vic 3350)

$875,000 - $895,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

Exceptional block of five one-bedroom units on a prime 1,003m² central Ballarat site offering strong rental income and redevelopment potential.

🏡 Property Highlights

  • Prime central land with over 1,000sqm of highly sought-after inner-city property
  • Complete block of five well-maintained one-bedroom units with reliable rental income
  • Excellent location just minutes from Sturt Street, Lake Wendouree, and the CBD
  • Dual access and flexible layout offering renovation or redevelopment potential (STCA)
  • Strong rental demand with premium returns of approximately $350 per week per unit
  • Individual carports providing convenient off-street parking for each unit

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Waterfront / Views
  • Outdoor Area
  • Open-Plan Living
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)
  • Ceiling Fans

Ballarat Central is a vibrant and highly desirable suburb offering excellent amenities, strong rental demand, and convenient access to the city’s key attractions. Residents enjoy proximity to Lake Wendouree, shopping precincts, cafes, and public transport, making it ideal for both tenants and owner-occupiers. The area’s rich history and ongoing development ensure sustained growth and investment appeal. With a mix of heritage charm and modern convenience, Ballarat Central remains one of the most sought-after locations in the region.

What are the current rental yields for these units?
The units are expected to generate approximately $350 per week each, providing a reliable rental income stream.
Is redevelopment or renovation permitted on this site?
Yes, the flexible layout and dual access offer exciting possibilities for renovation or complete redevelopment subject to council approval (STCA).
What amenities are nearby?
The property is close to major hospitals, public transport, shops, cafes, Lake Wendouree, and the CBD, ensuring high tenant appeal.
Are there any planning restrictions or zoning considerations?
The property is zoned for potential redevelopment, but specific planning controls should be confirmed with local council.
What is the condition of the existing units?
The units are well-maintained, offering a solid investment with minimal immediate maintenance required.
Are there any existing easements, covenants, or planning restrictions affecting the property? What are the potential costs associated with redevelopment or renovation, including council approvals? Are there any known issues with the property's structure, plumbing, or electrical systems? Is the property located within a flood or bushfire risk zone? Are there any upcoming planning or development proposals in the area that could impact the property’s value or use?

1-5/207 Talbot Street South, Ballarat Central, Vic 3350 - More Details

$875,000 - $895,000

An exceptional opportunity is on offer to secure an entire unit complex in one of Ballarat Central’s most tightly held and highly sought-after inner-city pockets. Positioned on approximately 1,000sqm+ (1003m²) of prime central land with valuable front and rear access, this substantial holding delivers immediate rental returns alongside outstanding long-term development potential.

The property comprises five well-maintained one-bedroom units, each offering a practical and comfortable layout including a light-filled living and dining area with gas heating, a functional kitchen with gas cooking, a combined bathroom and laundry, and a spacious bedroom. Individual single carports provide convenient off-street parking for each residence. With strong rental demand in this blue-chip city-fringe location, investors can expect reliable occupancy and premium returns of approximately $350 per week per unit one upgraded.

Perfectly positioned just 570 metres from Sturt Street, 1.0km to Lake Wendouree, 1.1km to the Ballarat CBD and only 1.7km to the Railway Station, the location is second to none. Three major hospitals are on your doorstep, along with public transport, shops, cafes and essential amenities — ensuring consistent appeal to both tenants and owner-occupiers.

The generous allotment, dual access and flexible layout present exciting possibilities for renovation, enhancement or complete redevelopment (STCA). Whether you choose to retain the existing units for strong cash flow or capitalise on the scale and positioning with a transformative project, the potential here is undeniable.

An opportunity of scale, location and flexibility — secure this premium development site and unlock both immediate income and significant long-term upside.

** Floorplan reflects unit 2
Type
Block Of Units
Bedrooms
5
Bathrooms
5
Parkings
5
Area
1,003 m²

Price guide

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Map & nearby places — 1-5/207 Talbot Street South, Ballarat Central, Vic 3350

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