703
Skipton
Street
redan
VIC,
3350
$695,000
3
1
1
Land: 1000 sqm
Approved Plans For Two Townhouses - Close To CBD
Set on an expansive 1,000m² (approx.) allotment with both side and rear lane access, this property presents an outstanding opportunity in a rapidly strengthening pocket of Redan. Planning approval (PLP 2021923) has been granted for a three lot sub-division and the construction of two additional townhouses at the rear. Full plans and specifications are available, making this an ideal turnkey development opportunity
The existing residence, of solid construction, has been tastefully renovated and is immediately rentable at an estimated $390 per week. It comprises three bedrooms, a welcoming lounge, a modern kitchen fitted with quality appliances, and a bathroom featuring an oversized shower, double vanity, and European laundry. Original period details, including high ceilings, ornate cornices, and ceiling roses, have been carefully preserved.
Alternatively, buyers may wish to take advantage of the large landholding and extend the current dwelling, establish a generous yard, and add shedding (STCA), creating a superb family home enhanced by its gorgeous street presence.
Located just minutes from Ballarat's CBD, and within walking distance to supermarkets, schools, and public transport, this property offers immediate rental income as well as significant long term potential.
Subdivision documentation and approved plans are available on request.
Ballarat's Best-Selling-Team
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About redan
median house price
455000median house rent
390suburb rental yield
4.5%Similar Properties
Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.
