522 Errard Street SRedan VIC 3350
Property Details for 522 Errard St S, Redan
522 Errard St S, Redan is a 3 bedroom, 1 bathroom House and was built in 1940. The property has a land size of 281m2 and floor size of 92m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 3 bedroom House sold in Redan in the last 12 months.
Last Listing description (August 2024)
With its great location, private backyard, brand new carpeting, and endless renovation potential, this 3-bedroom home is a fantastic investment opportunity. Currently rented for $370 per week on a 12-month lease, this property offers a strong yield and reliable income stream.
The private backyard presents an excellent space for future enhancements, with potential for lush landscaping, a cozy patio, or an entertainment area to create the perfect retreat for tenants. Whether you're an experienced investor looking to expand your portfolio or a first-time buyer seeking a property with substantial growth potential, this home is poised to deliver solid returns.
Don't miss out on this great investment opportunity.
Property History for 522 Errard St S, Redan, VIC 3350
- 12 Aug 2024Sold for $340,000
- 24 May 2024Listed for Rent $370 / week
- 07 Mar 2024Listed for Sale $345,000 - $375,000
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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 2,013 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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