516 Drummond Street SRedan VIC 3350
Property Details for 516 Drummond St S, Redan
516 Drummond St S, Redan is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1890. The property has a land size of 447m2 and floor size of 103m2. While the property is not currently for sale or for rent, it was last sold in May 2023.
Last Listing description (July 2023)
The location is fantastic being close to Supermarkets, public transport, and Primary schools.
Only minutes to Central Ballarat and ready for an owner occupier or as investment property.
This lovely 2-bedroom Miners Cottage oozes charm with many original features maintained.
A nice open space living area flows through to the dining kitchen space where gas cooking, gas heating and a split system air con will cater for your everyday needs.
A recently updated bathroom compliments the scene.
Moving through to the rear of the cottage via a spacious laundry we exit on to a paved alfresco area and carport where we have a neat little studio that might suit those who have a hobby business.
A Rental appraisal of $320pw would be attainable in the current market.
Ballarat's Best Selling Team
Property History for 516 Drummond St S, Redan, VIC 3350
- 15 May 2023Sold for $400,000
- 21 Apr 2023Listed for Sale $425,000 - $445,000
- 16 Mar 2006Sold for $163,000
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0About 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.
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