111 Cherry Flat Road Smythes Creek, VIC 3351

Smythes Creek, Golden Plains, VIC, 3351

$ 759,025 Sold

This property has sold.

Smythes Creek, Golden Plains, VIC, 3351
Dual Occupancy Investment Property in Smythes Creek, VIC (5.62% Yield) | Aus Investment Properties - Photo 1

Property Images

Dual Occupancy Investment Property in Smythes Creek, VIC (5.62% Yield) | Aus Investment Properties - Photo 1
  • Dual Occupancy
  • Property Type
  • 6
  • Bedrooms
  • 3
  • Bathrooms
  • 2
  • Cars
  • 239

Details

Updated on Jun 19, 2026

Property Type: Dual Occupancy
Price: $ 759,025
Land Price: $ 270,000
Build Price: $ 489,025
Gross Per Week: $ 820**
Gross Per Annum: $ 42,640
Gross Yield: 5.62%
Capital Growth 12 Months: 14.80%
10Yr Annualised Growth: 6.62%
Vacancy Rate: 3.68%
Property Size: 239 m2
Land Area: 400 m2
Bedrooms: 6
Bathrooms: 3
Parking: 2
Land Title Date: May '26
Property ID: 24507
SKU: 1045
Sold: Jun 17, 2026

Description

Positioned within the growing suburb of Smythes Creek, this Dual Occupancy offers a modern solution for comfortable living and smart investment. With 6 bedrooms, 3 bathrooms and 2 car space/s, it provides a layout that supports both functionality and lifestyle. Its design focuses on ease of living, making it attractive to a wide range of tenants and buyers. Backed by strong growth potential, it stands as a reliable and future-ready property. An ideal addition to any portfolio.

Smythes Creek is part of the rapidly expanding Ballarat region in Victoria, benefiting from major infrastructure investment including the $837 million Ballarat Base Hospital redevelopment. With a growing population of over 117,000 and low rental vacancy of just 0.9%, the area is a magnet for professionals, students, and essential service workers. Its close proximity to universities, hospitals, and shopping centres makes it a prime location for co-living developments.

This property is built with long-term growth in mind, offering security, value and strong returns. It provides confidence for investors looking to build wealth while ensuring everyday comfort for residents. A reliable choice in today's market.

Investors looking to optimise land use and amplify their investment portfolio will find great value in Dual Occupancy Properties.

These properties cleverly accommodate two independent dwellings on a single parcel of land, effectively doubling the potential for rental income.

The design caters to a broad market, including extended families and tenants seeking spacious living options, thereby increasing the property's rental appeal.

The strategic configuration of these properties allows investors to capitalise on the growing demand for versatile housing solutions in both urban and suburban settings.

Floor plans

Forecasted value over 20 Years

Forecasted value is based on the 10 Year annualised growth.

Address 111 Cherry Flat Road Smythes Creek, VIC 3351
City Golden Plains
State VIC
Postcode 3351
Suburb Smythes Creek
Estate Cherryside Estate

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Capital Growth 12 months, measures the increase in a property’s value over the previous 12 months, indicating how much the investment has appreciated in that timeframe.

Capital Growth 10-year annualised, reflects the average annual increase in a property’s value over the last decade, smoothing out short-term fluctuations to show long-term appreciation trends.

Vacancy Rate, indicates the percentage of properties that are currently unoccupied in that postcode, It’s a key indicator for investors to assess the rental demand.

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