Back 703 Skipton Street
Off Market

703 Skipton Street

Redan VIC 3350

3
1
1
1000 m²
House
Last sold for $649,000
Peter MartinPeter Martin, last sold this property on 25 September 2025 after 1060 days on market.

Overview

Approved Plans For Two Townhouses - Close To CBD

Set on an expansive 1,000m² (approx.) allotment with both side and rear lane access, this property presents an outstanding opportunity in a rapidly strengthening pocket of Redan. Planning approval (PLP 2021923) has been granted for a three lot sub-division and the construction of two additional townhouses at the rear. Full plans and specifications are available, making this an ideal turnkey development opportunity The existing residence, of solid construction, has been tastefully renovated and is immediately rentable at an estimated $390 per week. It comprises three bedrooms, a welcoming lounge, a modern kitchen fitted with quality appliances, and a bathroom featuring an oversized shower, double vanity, and European laundry. Original period details, including high ceilings, ornate cornices, and ceiling roses, have been carefully preserved. Alternatively, buyers may wish to take advantage of the large landholding and extend the current dwelling, establish a generous yard, and add shedding (STCA), creating a superb family home enhanced by its gorgeous street presence. Located just minutes from Ballarat's CBD, and within walking distance to supermarkets, schools, and public transport, this property offers immediate rental income as well as significant long term potential. Subdivision documentation and approved plans are available on request. Ballarat's Best-Selling-Team

Features

3 bedrooms
1 bathroom
1 carspace
1 garage space
1000 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Redan over the last 12 months, the estimated median property value of 703 Skipton Street is $505k.

Median value
$505k
Estimated value range
$220k - $675k
Median days on market
29
Estimated value trend
12%
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 703 Skipton Street

2025
Sold
$649,000
25 Sep 2025 by Peter Martin, of PRD Ballarat
2023
Rented
Undisclosed
Leased on 27 Aug 2023 by PRD Ballarat
2022
Rented
Undisclosed
Leased on 21 Jan 2022 by Jellis Craig 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, 55 three-bedroom houses similar to 703 Skipton Street, have been sold.

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

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