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601 Ripon Street South

Redan VIC 3350

3
1
1
House
Currently for sale - view listing

Overview

Prime Redan Property With Approved Subdivision Permit & Stable Rental Income

Located in a sought-after Redan pocket, this property offers more than just a charming three-bedroom home it comes with a confirmed permit to subdivide the block into two separate 2-bedroom homes, unlocking fantastic development potential and future value. The front house is currently tenanted by a reliable, long-term renter, providing immediate and steady rental income. This makes the property a smart investment with a strong return from day one, while you plan and prepare for the subdivision. The existing home is solid and spacious, featuring three generous bedrooms, a functional kitchen with a 600mm gas cooktop and electric oven, and a separate lounge with split system heating and cooling for year-round comfort. At the back, a full laundry with a second toilet adds convenience, and the enclosed rear yard complete with established lawns, storage sheds, and dog or chook pens. Offers great outdoor space and hobby options. With the subdivision permit in hand, this property is ideal for investors looking to capitalize on the growing demand for quality housing in Redan. The potential to develop two additional homes on this block not only enhances long-term capital growth but also maximizes rental returns. All of this is set within minutes of Ballarat CBD, local shops, supermarkets, and just a short drive to Sebastopol's shopping precinct an unbeatable location for tenants and future homeowners alike. 601 Ripon Street South is a rare opportunity to secure a property that delivers stable income now and exciting development potential for tomorrow. Ballarat's Selling-Team

Features

3 bedrooms
1 bathroom
1 carspace
1 carport space
House

Property history for 601 Ripon Street South

2024
Rented
Undisclosed
Leased on 29 Nov 2024 by PRD Ballarat
2024
Rented
Undisclosed
Leased on 28 Nov 2024 by PRD Ballarat
2022
Sold
$562,500
08 May 2022 by Mark Nunn, of Buxton Ballarat

Happy sellers in Redan

92%
92% 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 16 reviews in Redan over the last 12 months.

Local market activity for 3 bedroom houses in Redan

In the last 12 months, 56 three-bedroom houses similar to 601 Ripon Street South, have been sold.

This represents a 12% decrease in three-bedroom houses sales when compared to the previous 12 months.

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