5/723 La Trobe StreetRedan VIC 3350
Property Details for 5/723 La Trobe St, Redan
5/723 La Trobe St, Redan is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 53m2 and floor size of 52m2. While the property is not currently for sale or for rent, it was last sold in August 2024.
Last Listing description (September 2024)
Introducing an exceptional opportunity for investors or first-time buyers, located in the central suburb of Redan.
This property has the convenience of a bus stop nearby and just a 5-minute drive to into town, this 1-bedroom unit offers both convenience and comfort. Boasting a prime location near take-away outlets and the local grocery store, this property ensures easy access to amenities and entertainment options along with a short drive to the DTC.
The private and secure courtyard provides a tranquil retreat, perfect for relaxing or entertaining guests. Included with the unit is a single carport, offering added convenience and practicality.
Currently leased to a great tenant at $250 per week until early January, this property presents a fantastic investment opportunity with immediate returns.
The interior features an updated open-plan Kitchen/Meals/Living area adorned with practical vinyl-plank flooring and near new split system for year-round comfort. The kitchen is equipped with a new gas stove, overhead & under bench cupboards, and Laminex benchtops, making meal preparation a breeze. The Bathroom/Laundry includes washing machine facilities, including a wash-trough, along with an updated vanity and shower. Additionally, a separate toilet adjacent to the bathroom enhances convenience and functionality.
Rest assured, all gas and electrical checks have been completed and are up to date, ensuring peace of mind for both tenants and owners alike. Don't miss out on this opportunity to secure a well-maintained and conveniently located property in central Redan.
Ballarat's Best-Selling Team
Property History for 5/723 La Trobe St, Redan, VIC 3350
- 05 Aug 2024Sold for $238,000
- 12 Jun 2024Listed for Sale $245,000
- 14 Sep 2022Sold for $215,000
Recent sales nearby
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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.
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