This 3 bedroom weatherboard home at Redbank is set on approximately 24 acres (9.5HA) with several titiles, all zoned Farm Zone (FZ). If required, 9 acres with the house could be split from the 15 acres of vacant land. The home was built around 1944 and is in good condition but does need a bit of renovation and upgrading. External shedding includes, carport, garage, stables plus stock yards and water tanks. Power is connected.
Located in a very quiet location between Avoca and St Arnaud and within easy access of the Pyrenees Wine Region. Priced to sell, as a whole, on 24 acres.
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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