A small home in one of Ballarat’s oldest towns attracts a large amount of attention for its size, beauty and versatility.
A one-bedroom house at 321 Main Road, Golden Point, dubbed “The Tiniest House in Ballarat”, has just hit the market with a price guide of $440,000 to $470,000.
Tucked away behind a white picket fence, there’s more to this vintage miner’s elevator than meets the eye.
This compact house in Ballarat has attracted a wide range of buyers who are drawn to its affordable price range. Photo: realestate.com.au/buy
Inside, the home has been carefully renovated to retain its precious character while bringing modern comforts.
The light-filled open plan living and dining area makes clever use of the compact space.
The modern kitchen has been updated with high-end appliances and functional storage, while the bathroom features creature comforts such as underfloor heating.
![](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 800 450"%3E%3C/svg%3E)
The house has been completely renovated. Photo: realestate.com.au/buy
The newly renovated home has been used as a short-term rental, which listing agent Mark Vorstenboch said is a big draw for many buyers.
He said the area has attracted a lot of people including downsizers, first time home buyers and investors.
“It’s not a place that everyone would think of, but it’s suitable for a lot of people,” he said.
An open-plan living area makes a compact home feel spacious. Photo: realestate.com.au/buy
He said several buyers are interested in buying the property fully furnished and continue to use it as a short-term rental.
“We have interest from people who just want to turn it into a regular rental property,” he said. One bedroom apartments are very well rented.
Mr Vorstenboch estimated the property could generate between $300 and $370 a week in rent, or more if offered on the short-term rental market.
Although it only has one bedroom, it is still attracting many interested buyers. Photo: realestate.com.au/buy
At the rear of the house, a separate studio converted from a garage offers flexibility as a home office, creative space or guest accommodation, subject to council approval.
“They completely lined it, and it has a split-system air conditioner in there,” Mr Vorstenboch said.
A backyard studio offers the option of working from home. Photo: realestate.com.au/buy
“It has the potential to serve as an office, or it can be used as a guest house. There has been some talk of using it as a business proposition.”
The studio also enhances the appeal of commuter or remote buyers, as does the price point, given the same price as a typical inner-city Melbourne home.
The back yard is adequate considering the limited amount of space. Photo: realestate.com.au/buy
The median home price in Golden Point increased 7.2% to $520,000 in the past 12 months, according to PropTrack data, making the area cheaper than many other homes in the area.
“Properties under $500,000 are hard to come by now,” Mr Vorstenboch said.
