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Sold on 05 Aug 2024 for $238,000

5/723 La Trobe Street
Redan VIC 3350

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 52m2
Land area: 53m2
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Property Details for 5/723 La Trobe St, Redan

5/723 La Trobe St, Redan is a 1 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 53m2 and floor size of 52m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 1 bedroom Unit sold in Redan in the last 12 months.

Building Type
Unit
Floor Size
52m2
Land Size
53m2
Local Government
Ballarat
Lot/Plan
5/RP6531

Last Listing description (August 2024)

Introducing an exceptional opportunity for investors or first-time buyers, located in the central suburb of Redan.

This property has the convenience of a bus stop nearby and just a 5-minute drive to into town, this 1-bedroom unit offers both convenience and comfort. Boasting a prime location near take-away outlets and the local grocery store, this property ensures easy access to amenities and entertainment options along with a short drive to the DTC.

The private and secure courtyard provides a tranquil retreat, perfect for relaxing or entertaining guests. Included with the unit is a single carport, offering added convenience and practicality.

Currently leased to a great tenant at $250 per week until early January, this property presents a fantastic investment opportunity with immediate returns.

The interior features an updated open-plan Kitchen/Meals/Living area adorned with practical vinyl-plank flooring and near new split system for year-round comfort. The kitchen is equipped with a new gas stove, overhead & under bench cupboards, and Laminex benchtops, making meal preparation a breeze. The Bathroom/Laundry includes washing machine facilities, including a wash-trough, along with an updated vanity and shower. Additionally, a separate toilet adjacent to the bathroom enhances convenience and functionality.

Rest assured, all gas and electrical checks have been completed and are up to date, ensuring peace of mind for both tenants and owners alike. Don't miss out on this opportunity to secure a well-maintained and conveniently located property in central Redan.

Ballarat's Best-Selling Team

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Property History for 5/723 La Trobe St, Redan, VIC 3350

A timeline of how this property has performed in the market
Last Sold
$238,000
05 Aug 2024
Listed for Rent
$155/w
21 Nov 2012
  • 05 Aug 2024
    Sold for $238,000
  • 12 Jun 2024
    Listed for Sale $245,000
  • 14 Sep 2022
    Sold for $215,000
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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 2,023 properties. Over the last 5 years, Houses in Redan have seen a 27.06% increase in median value, while Units have seen a 15.37% increase. As at 31 October 2024:

  • The median value for Houses in Redan is $424,153 while the median value for Units is $311,274.
  • Houses have a median rent of $380 while Units have a median rent of $340.
There are currently 29 properties listed for sale, and 8 properties listed for rent in Redan on OnTheHouse. According to CoreLogic's data, 78 properties were sold in the past 12 months in Redan.

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