MASSIVE, WELL LOCATED BLOCK WITH PLANS FOR 3 LOT SUBDIVISION

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704 Talbot Street South, Redan VIC 3350

$530,000 - $550,000

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$530k - $557k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 1 Car 858 m²

Listed: 12 days ago

Updated: 1 hour ago

Overview

This property presents a unique chance to acquire a charming period house situated in one of Ballarat's desirable central suburbs, Redan. Set well forward on a generous 858-square-metre block, the residence benefits from an excellent corner position that offers significant potential for future expansion or development, with ample space for additional structures or subdivision subject to council approval.

The existing home has been tastefully refreshed, featuring a new tin roof, updated floor coverings, blinds, and fresh paint. Inside, three bedrooms provide comfortable living accommodation complemented by a spacious living room and practical kitchen and bathroom facilities, ensuring daily functionality and ease.

Enhancing the appeal, the property includes previously approved plans for a three-lot subdivision, with two 2-bedroom townhouses planned to be built behind the original home. Although the permit has expired, these plans highlight the development potential inherent in this substantial parcel of land.

Conveniently located close to local schools, shopping precincts, and the Ballarat CBD, this home is well positioned to serve a variety of buyers. It holds particular appeal for investors or land bankers seeking a valuable asset with development upside, as well as families or individuals desiring a residence with space to grow and customize.

Overall, this offering represents an attractive blend of character, space, location, and future opportunity, making it a worthy consideration for those looking to secure a foothold in the Ballarat market.

Local Market Insights

In Redan, Quiet Listings observed 166 new houses entering the market over the last 30 days, up from 123 during the previous 30-day period, with an average advertised asking price of $820,506. The property type mix of listed properties is predominantly Houses at 82%, followed by units (6%), and townhouses (5%). The most active agency for houses in the Redan area is currently Ballarat Real Estate Pty Ltd, representing 23% of new listings, followed by Buxton Real Estate Group with 16%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.