Positioned in a well-established and convenient pocket of Redan, this substantial 827m (approx.) allotment at 715 Skipton Street presents a rare opportunity to secure a sizeable landholding with outstanding future potential, ideal for those ready to renovate, redevelop or reimagine entirely (STCA). Set on a generous 827m (approx.) allotment, offering exceptional flexibility for future plans. A true "renovate or detonate" opportunity, ideal for buyers seeking a value-add project. Existing dwelling in place, providing scope for renovation or removal depending on your vision. Rear lane access adds significant versatility for redevelopment or dual access options. Wide block configuration allowing for multiple potential outcomes (STCA). Potential for subdivision or development (STCA), subject to council approval. Strong opportunity to unlock future capital growth in an established residential pocket. Conveniently located close to local shops, supermarkets and everyday amenities. Easy access to a range of schools, public transport options and nearby parklands. Positioned along a key corridor with strong connectivity through to surrounding suburbs. Short drive to Ballarat CBD, ensuring excellent lifestyle convenience. Rare opportunity to secure land of this size in a tightly held and in-demand location. Ideal for builders, developers, investors or buyers seeking their next project. Flexibility to renovate, rebuild or redevelop to suit your strategy and maximise returns.Opportunities of this scale and flexibility are increasingly hard to find in established locations, making this a standout prospect for those looking to create, add value or capitalise on long-term growth.
The size of Redan is approximately 2.2 square kilometres. There are 5 parks, covering nearly 27.1% of the 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 2,050 properties. Over the last 5 years, Houses in Redan have seen a 27.20% increase in median value, while Units have seen a 14.73% increase. As at 31 July 2026:
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