17 Steven Crescent, Ararat VIC 3377

A Smart Investment with Development Potential (STCA)

House
Type
2
Bedrooms
1
Bathrooms
1
Parkings

Published on Wednesday, October 14, 2026 ( See property details for 17 Steven Crescent, Ararat VIC 3377)

Price Range: $290,000 - $319,000

Adam Walker MANAGEMENT - LICENSEE IN CHARGE
  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A well-presented investment property on a large allotment with immediate rental income and development potential (STCA).

🏡 Property Highlights

  • Immediate rental income with a long-standing tenant
  • Generous 786m2 allotment with future development potential (STCA)
  • Well-maintained, comfortable living space
  • Impressive covered entertaining area
  • Securely enclosed large rear yard with established gardens
  • Recent updates including rewiring and gas hot water service

✨ Key Features

  • Split-System Heating and Cooling
  • Built-in Robe
  • Gas Stove
  • Colorbond Fencing
  • Updated Vinyl Flooring
  • Gas Hot Water Service
  • Separate Toilet
  • Large North-facing Rear Yard
  • Established Gardens
  • Covered Entertaining Area

Ararat is a vibrant regional town offering excellent amenities, a strong community atmosphere, and convenient access to transport links. The area boasts a mix of established homes and development opportunities, making it ideal for investors and families alike. With its scenic surroundings and growing infrastructure, Ararat provides a balanced lifestyle with both convenience and potential for future growth. The local economy benefits from diverse industries, ensuring a stable environment for property investment. Enjoy the friendly neighbourhood, local parks, and proximity to essential services, all within a welcoming community setting.

What is the current rental income and potential for future rent increases?
The property currently generates $300 per week in rental income, with an estimated market rent of $320-$330 per week, indicating potential for future rent increases.
Are there any planning or development restrictions on the large allotment?
Development potential is subject to council approval (STCA), and it is recommended to consult with local planning authorities for specific restrictions.
What recent upgrades have been made to the property?
Recent upgrades include rewiring and a gas hot water service, ensuring modern functionality and safety.
Is the property suitable for future development or subdivision?
The generous 786m2 allotment offers potential for future development or subdivision, subject to council approval (STCA).
What are the key features that make this property a good investment?
The property offers immediate rental income, a large allotment with development potential, recent updates, and a well-maintained, comfortable home.
Are there any zoning restrictions or easements affecting the development potential of the large allotment? Are there any known issues with the property's structure, plumbing, or electrical systems? What are the council rates and any additional costs associated with the property? Is there any history of flooding or bushfire risk in this area? Are there any upcoming planning or construction projects nearby that could impact the property’s value or living environment?

17 Steven Crescent, Ararat VIC 3377 - More Details

A Smart Investment with Development Potential (STCA)

An excellent opportunity to secure a well-presented investment property offering immediate rental income, a long-standing tenant and a generous 786m2; allotment with potential for future development (STCA). Currently returning $300 per week, with an estimated market rent of $320-$330 per week, this property provides instant income from settlement and an opportunity to strengthen your investment portfolio.
Well-maintained and offering comfortable living, the home features a welcoming lounge with a near-new gas heater and split-system heating and cooling. The kitchen provides excellent storage, updated vinyl flooring and a gas stove, while the spacious master bedroom includes a built-in robe and the second bedroom is fitted with its own split-system. The neat bathroom offers a shower, with a separate toilet and additional storage adding to the home's practicality. Further improvements include updated rewiring and a gas hot water service.
Outside, the impressive covered entertaining area provides a great space to relax, while the huge north-facing rear yard is securely enclosed with Colorbond fencing and complemented by established gardens. With its substantial allotment, comfortable home and reliable rental income, this is an appealing opportunity for investors, developers (STCA) or those looking to start or expand their property portfolio.
Type
House
Bedrooms
2
Bathrooms
1
Parkings
1
Area
0.0

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