This charming Victorian home is located in one of Ballarat's most appealing suburbs, within easy walking distance of St. Patrick's College, Clarendon College, Loretto College, Victoria Park, Lake Wendouree and the CBD. In the twelve months to January 2026, the median price of Newington increased over 12% highlighting investors' and homebuyers' prudent nature in desiring a premier location.* The property has been securely leased for several years to an excellent tenant, currently returning $420 per week on a periodic tenancy. This represents a 3.8% gross yield, consistent with the suburb's median of 3.7% * It features two bedrooms, a large living area, an updated kitchen and bathroom, with some polished timber floors and gas heating. A generous rear yard with side street access offers the further option of extension or possible redevelopment, subject to planning approval. Invest or occupy - either way you win! * Land size: 421m2 * Zoning: GRZ * Rates: $2,330.88 * Current Rental Value : $420 per week * Video/Walkthrough : Unavailable Price : $575,000 *(Data Source: Cotality 21/4/2026) Investors please note that Minimum Rental Standards apply in Victoria. We recommend seeking professional, independent advice before purchasing Important links for buyers: https://www.consumer.vic.gov.au/housing/renting/repairs-alterations-safety-and-pets/minimum-standards/minimum-standards-for-rental-properties https://www.consumer.vic.gov.au/housing/buying-and-selling-property/buying-property/inspect-properties-before-you-buy https://www.consumer.vic.gov.au/housing/buying-and-selling-property/checklists/due-diligence
