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1 Mill Street, Ballarat Central, Vic 3350 For Sale
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1 Mill Street, Ballarat Central, Vic 3350

$499,000

House
Type
2
Bedrooms
1
Bathrooms
1
Parkings
160 m²
Area

Published on Friday, August 14, 2026 ( See property details for 1 Mill Street, Ballarat Central, Vic 3350)

$499,000

Michael Darken - Real Estate Agent - PRD - Ballarat
Michael Darken Senior Portfolio Manager/Investment Advisor
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Catharina Hartzheim - Real Estate Agent - PRD - Ballarat
Catharina Hartzheim Residential Sales Consultant
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  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A character-filled period home in the heart of Ballarat Central offering renovation potential and a walkable lifestyle.

🏡 Property Highlights

  • Charming period home in a premium Ballarat Central location
  • Excellent opportunity to renovate, restore, and add value
  • Two spacious bedrooms with functional floorplan
  • Low-maintenance 160m² allotment with off-street parking
  • Walking distance to cafés, restaurants, shopping, and public transport
  • Ideal for first-home buyers, renovators, and investors

✨ Key Features

  • Built-in Robes
  • Garage
  • Outdoor Area
  • Open-Plan Living
  • Secure Parking
  • Walkability Score
  • Floorboards
  • Ceiling Fans
  • Pet-Friendly
  • Fully fenced

Ballarat Central offers a vibrant, historic precinct with a rich heritage, excellent amenities, and a walkable lifestyle. Residents enjoy proximity to Lake Wendouree, boutique shopping, cafes, and public transport. The area is highly sought after for its character homes and central location, making it ideal for first-home buyers, renovators, and investors seeking long-term value.

What is the condition of the property and what renovations are needed?
The property is in a livable condition with a functional floorplan, offering a great opportunity for renovation and modernisation to enhance its value and character.
Are there any restrictions or heritage overlays affecting renovations?
As a period home in a historic precinct, any renovations may be subject to local council heritage overlays and planning regulations. It's advisable to consult with the local council for specific requirements.
What are the ongoing costs associated with this property?
Ongoing costs may include council rates, water rates, and maintenance. The low-maintenance 160m² allotment helps minimise upkeep expenses.
Is there off-street parking available?
Yes, the property includes a carport providing off-street parking, a valuable feature in this central location.
What amenities are nearby?
The property is within walking distance to cafés, restaurants, boutique shopping, supermarkets, public transport, and Lake Wendouree, offering a highly convenient lifestyle.
Are there any existing planning or building approvals for renovations or extensions? Is there any history of flooding, bushfire risk, or other environmental hazards in the area? Are there any easements, covenants, or zoning restrictions affecting the property? What are the strata or community title considerations, if applicable? Are there any upcoming developments or construction projects nearby that could impact the property’s value or livability? Has the property been inspected for structural issues or pest infestations? Are there any hidden costs associated with the property, such as outstanding council rates or levies? Is the property compliant with current building codes and heritage requirements? What are the long-term plans for the surrounding neighbourhood that could influence future value? Are there any noise or neighbour-related issues in the vicinity?

1 Mill Street, Ballarat Central, Vic 3350 - More Details

$499,000

Positioned in one of Ballarat's most sought-after inner-city pockets, 1 Mill Street, Ballarat Central presents a rare opportunity to secure a character-filled period home with exciting scope to renovate, restore, and add value in an unbeatable central location.

Showcasing the timeless appeal of Ballarat's historic homes, this charming residence retains the warmth and character that buyers love, while offering a fantastic canvas for those looking to further enhance and modernise. Whether you're a first-home buyer with a vision, a renovator seeking your next project, or an investor looking to capitalise on a premium location, the potential here is undeniable.

The home features two generous bedrooms, a functional bathroom, and comfortable living spaces that provide immediate livability while allowing plenty of opportunity to update and personalise over time. With its classic proportions and enduring appeal, this is a property where thoughtful improvements could truly transform the home while preserving its period charm.

Set on a low-maintenance 160m² (approx.) allotment, the property also benefits from valuable off-street parking via a carport, a highly desirable feature in this tightly held central position.

The location is simply outstanding. Enjoy the convenience of being just moments from Ballarat's vibrant CBD, with popular cafés, restaurants, boutique shopping, supermarkets, public transport, Lake Wendouree, and some of the city's finest heritage streetscapes all within easy reach. Leave the car at home and embrace a walkable lifestyle in one of Ballarat's most desirable residential precincts.

Period homes with renovation potential in Ballarat Central are becoming increasingly difficult to secure. Offering character, location, and the opportunity to create something truly special, this is an exciting chance to invest in a property with both immediate appeal and future upside.

Price Guide: $499,000

Contact us today to arrange your inspection and explore the possibilities at 1 Mill Street, Ballarat Central.

Property Highlights
• Charming period home in a premium Ballarat Central location
• Excellent opportunity to renovate, restore, and add value
• Two spacious bedrooms
• Functional floorplan with immediate livability
• Low-maintenance 160m² (approx.) allotment
• Carport providing off-street parking
• Walking distance to cafés, restaurants, shopping and public transport
• Ideal for first-home buyers, renovators, and investors
• Rare character home with significant future potential
• Blue-chip inner-city location with enduring appeal

Ballarat's Best-Selling Team
Type
House
Bedrooms
2
Bathrooms
1
Parkings
1
Area
160 m²

Price guide

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