FOR SALE
$329,000 - $349,000

400A Skipton Street
Redan VIC 3350

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 231m2
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It's the Return that's Amazing

Imagine an investment where all you did was receipt the income, mow the lawn occasionally and just relax.
This property is not about the allotment, it's about the huge return on investment from the secure lease on the billboard - over $18,000.
So there's no maintenance except mow the lawn.
Discover this exceptional investment opportunity!
As the actual allotment, its residential zoning (Residential 1), it boasts excellent street frontage and could be built on in the future (STCA)
So if you want to secure a great investment opportunity with a secure income and very little to no overheads or maintenance, then this is worth genuine consideration.
***Every precaution has been taken to establish the accuracy of the above information. However, prospective purchasers are advised to carry out their own due diligence***
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Property Details for 400a Skipton St, Redan

Building Type
Land
Land Size
231m2

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About Redan 3350

The size of Redan is approximately 2.2 square kilometres. It has 5 parks covering nearly 27.1% of total area. The population of Redan in 2011 was 2,975 people. By 2016 the population was 2,893 showing a population decline of 2.8% in the area during that time. The predominant age group in Redan is 20-29 years. Households in Redan are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Redan work in a professional occupation. In 2011, 52.7% of the homes in Redan were owner-occupied compared with 48.5% in 2016.

Redan has 2,026 properties. Over the last 5 years, Houses in Redan have seen a 24.56% increase in median value, while Units have seen a 21.82% increase. As at 30 November 2024:

  • The median value for Houses in Redan is $420,127 while the median value for Units is $317,350.
  • Houses have a median rent of $380 while Units have a median rent of $340.
There are currently 26 properties listed for sale, and 4 properties listed for rent in Redan on OnTheHouse. According to CoreLogic's data, 94 properties were sold in the past 12 months in Redan.

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Angie Finch
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Barry Plant Ballarat
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