SOLD
Sold on 03 Oct 2024 for $45,000

9 Perrys Road
Redbank VIC 3477

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1701m2
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Property Details for 9 Perrys Rd, Redbank

Building Type
Land
Land Size
1701m2
Local Government
Pyrenees
Lot/Plan
10~7/PP5668

Last Listing description (April 2024)

A rare opportunity to buy a residential block in a small country town for under $50,000 - the perfect low cost real estate investment, or a spot to build a small holiday home or permanent home (STCA). The whole property is divided into 8 separate allotments and we are currently selling;

In 1860 Gold was discovered in Redbank leading to about 2,000 people to rush to the area, however in 1861 gold was found elsewhere and much of the town relocated. What remains is a sleepy village 15 minutes from Avoca, 25 to St.Arnaud and 30 to Maryborough.

The land is zoned Township with mains power at the boundary, and is bordered by Navarre Street and Stony Crossing Road. An ideal chance to explore this beautiful part of Victoria, or simply hold onto the land for a future sale. Rear lane access due to culvert at the front.

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Property History for 9 Perrys Rd, Redbank, VIC 3477

A timeline of how this property has performed in the market
Last Sold
$45,000
03 Oct 2024
Listed for Rent
$170/w
30 Sep 2022
  • 03 Oct 2024
    Sold for $45,000
  • 30 Jul 2024
    Sold for $49,000
  • 15 Mar 2024
    Sold for $44,000
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About Redbank 3477

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 174 properties. Over the last 5 years, Houses in Redbank have seen a 42.65% increase in median value. As at 30 November 2024:

  • The median value for Houses in Redbank is $353,967.
There are currently 12 properties listed for sale, and no properties listed for rent in Redbank on OnTheHouse. According to CoreLogic's data, 9 properties were sold in the past 12 months in Redbank.

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