Following an unfortunate fire which resulted in the demolition of the original, substantial house, this property now offers not only a well located position but also planned gardens with multiple fruit trees, a one bedroom self-contained cottage and insulated shed (15m x 7m), on concrete slab with power. There is additional shedding and tank water (15,000 gallons), dam with pump, carport, good fencing. Power has been taken into the block.
The property is ideal for horses and sheep and is mostly cleared. Redbank is approximately 20k from Avoca and this property is found on Pimms Road which is off Redbank-Natte Yallock Road. The land is zoned Farming (FZ).
The size of Redbank is approximately 136.1 square kilometres. It has 3 parks covering nearly 109% of total area. The population of Redbank in 2011 was 413 people. By 2016 the population was 88 showing a population decline of 78.7% in the area during that time. The predominant age group in Redbank is 70-79 years. Households in Redbank are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Redbank work in a managers occupation. In 2011, 86.5% of the homes in Redbank were owner-occupied compared with 87.3% in 2016..
Redbank has 171 properties. Over the last 5 years, Houses in Redbank have seen a 42.48% increase in median value. As at 31 August 2024:
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