601 Ripon Street S, Redan, VIC 3350 | House for sale | OnTheHouse
 
FOR SALE
$680,000

601 Ripon Street S
Redan VIC 3350

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
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Prime Redan Property With Approved Subdivision Permit & Stable Rental Income

Located in a sought-after Redan pocket, this property offers more than just a charming three-bedroom home it comes with a confirmed permit to subdivide the block into two separate 2-bedroom homes, unlocking fantastic development potential and future value.
The front house is currently tenanted by a reliable, long-term renter, providing immediate and steady rental income. This makes the property a smart investment with a strong return from day one, while you plan and prepare for the subdivision.
The existing home is solid and spacious, featuring three generous bedrooms, a functional kitchen with a 600mm gas cooktop and electric oven, and a separate lounge with split system heating and cooling for year-round comfort. At the back, a full laundry with a second toilet adds convenience, and the enclosed rear yard complete with established lawns, storage sheds, and dog or chook pens. Offers great outdoor space and hobby options.
With the subdivision permit in hand, this property is ideal for investors looking to capitalize on the growing demand for quality housing in Redan. The potential to develop two additional homes on this block not only enhances long-term capital growth but also maximizes rental returns.
All of this is set within minutes of Ballarat CBD, local shops, supermarkets, and just a short drive to Sebastopol's shopping precinct an unbeatable location for tenants and future homeowners alike.
601 Ripon Street South is a rare opportunity to secure a property that delivers stable income now and exciting development potential for tomorrow.
Ballarat's Selling-Team
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Property Details for 601 Ripon St S, Redan

601 Ripon St S, Redan is a 3 bedroom, 1 bathroom House with 1 parking spaces. The place is currently for sale with PRD Real Estate Ballarat.

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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 2016 was 2889 people. By 2021 the population was 3000 showing a population growth of 3.8% 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 2021, 49.90% of the homes in Redan were owner-occupied compared with 48.50% in 2016.

Redan has 2,046 properties. Over the last 5 years, Houses in Redan have seen a 36.92% increase in median value, while Units have seen a 32.01% increase. As at 30 November 2025:

  • The median value for Houses in Redan is $497,799 while the median value for Units is $382,248.
  • Houses have a median rent of $390 while Units have a median rent of $365.
There are currently 13 properties listed for sale, and 4 properties listed for rent in Redan on OnTheHouse. According to Cotality's data, 131 properties were sold in the past 12 months in Redan.

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