Back 1/618 Ripon Street
Off Market

1/618 Ripon Street

Redan VIC 3350

2
1
1
248 m²
Unit
Last sold for $423,000
Lisa Eden-HorvatLisa Eden-Horvat, last sold this property on 08 July 2026 after -27 days on market.

Overview

Quality Investment with Long-Term Tenant in Place

An outstanding opportunity awaits investors looking for a low-maintenance property with a secure income stream. Positioned within a well-maintained complex of just three townhouses, this spacious and immaculately presented residence offers the ideal set-and-forget investment. Currently leased to a long-term tenant at $390 per week until January 2027, with the tenant keen to remain, this is an investment opportunity not to be missed. Upon entry, you're welcomed by a wide entrance hallway that immediately showcases the generous proportions of the home. At the front of the property, a spacious living room is bathed in natural light thanks to a beautiful bay window, creating a warm and inviting atmosphere. Flowing through to the open plan kitchen and meals area, you'll find an abundance of cupboard and bench space, a walk-in pantry, and gas cooking, making the space both practical and functional. Year-round comfort is assured with electric central heating and cooling throughout, complemented by a split system for additional heating and cooling. Both bedrooms are exceptionally generous in size and feature built-in robes, while the master bedroom enjoys the added convenience of a walk-through robe leading directly to the two-way bathroom. The bathroom is well appointed with a separate shower, full-sized bath, and separate toilet. Beautiful hardwood flooring flows through the living areas, while both bedrooms are fitted with quality carpet for added comfort. Outside, the enclosed rear yard provides a private and low-maintenance outdoor space, while the automatic single lock-up garage completes the package. Offering strong rental returns, excellent presentation, and a quality tenant already in place, this is a smart addition to any investment portfolio. Contact me today to arrange your private inspection.

Features

2 bedrooms
1 bathroom
1 carspace
1 garage space
248 m² lot size
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Redan over the last 12 months, the estimated median property value of 1/618 Ripon Street is $395k.

Median value
$395k
Estimated value range
$289k - $461.25k
Median days on market
23
Estimated value trend
25%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Redan. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1/618 Ripon Street

2026
Sold
$423,000
08 Jul 2026 by Lisa Eden-Horvat, of Ballarat Property Agents

Happy sellers in Redan

94%
94% of sellers in Redan reported that their sale price either exceeded or met their price expectations.

Redan stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 19 reviews in Redan over the last 12 months.

Local market activity for 2 bedroom units in Redan

In the last 12 months, 10 two-bedroom units similar to 1/618 Ripon Street, have been sold.

This represents a 120% decrease in two-bedroom units sales when compared to the previous 12 months.

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