OFF MARKET

1/509 Drummond Street S
Redan VIC 3350

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 86m2
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Last updated 30 Sep 2024
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Property Details for 1/509 Drummond St S, Redan

1/509 Drummond St S, Redan is a 2 bedroom, 1 bathroom Unit and was built in 1950. The property has a floor size of 86m2. While the property is not currently for sale or for rent, it was last sold in January 2022.

Building Type
Unit
Year Built
1950
Floor Size
86m2
Local Government
Ballarat
Lot/Plan
1/PS630544

Last Listing description (May 2022)

This two bedroom unit is positioned in a great central location! Both bedrooms have good size built in robes, bathroom and laundry have recently been updated. Kitchen and living area open plan, plenty of storage in the kitchen, split system in the living area which then leads out to your own private courtyard.

Property History for 1/509 Drummond St S, Redan, VIC 3350

A timeline of how this property has performed in the market
Last Sold
$325,500
20 Jan 2022
Listed for Rent
$320/w
11 Apr 2022
  • 10 Apr 2022
    Listed for Rent - Price not available
  • 20 Jan 2022
    Sold for $325,500
  • 05 Jan 2022
    Listed for Sale $290,000 - $310,000
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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 2,015 properties. Over the last 5 years, Houses in Redan have seen a 27.36% increase in median value, while Units have seen a 23.67% increase. As at 30 September 2024:

  • The median value for Houses in Redan is $421,774 while the median value for Units is $326,042.
  • Houses have a median rent of $380 while Units have a median rent of $340.
There are currently 36 properties listed for sale, and 2 properties listed for rent in Redan on OnTheHouse. According to CoreLogic's data, 76 properties were sold in the past 12 months in Redan.

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