2/613 Talbot Street S, Redan VIC 3350
2/613 Talbot Street S, Redan VIC 3350
Spacious one-bedroom unit | private secure courtyard | heritage overlay zone | strong rental yield potential
This property offers a rare configuration advantage in the Redan market: a one-bedroom unit with a private, secure courtyard and off-street parking on a 157m² parcel. For a buyer seeking low-maintenance living without sacrificing outdoor space, this is competitively positioned. The open plan layout and built-in robes add practical appeal, while the 5.2% suburb rental yield and $295+ weekly rent estimate signal strong demand from tenants. It suits first-home buyers, downsizers, or investors targeting stable cash flow in a quiet but central location.
The heritage overlay is the primary risk, imposing restrictions on external alterations and potentially delaying or increasing costs for future renovations. This limits the property’s upside for buyers seeking capital growth through redevelopment. Conversely, the lack of recent sales in the building and the 60% owner-occupier split suggest a stable, low-turnover environment. The 2009 purchase price of $105,000 underscores long-term value retention. For a buyer, this property works best as a hold-and-rent, offering reliable yield with modest appreciation tied to the suburb’s broader demand rather than unit-specific upgrades.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/613 Talbot Street S, Redan VIC 3350
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Redan presents as an active and affordable entry point into the Ballarat market, characterised by consistent sales activity and solid rental demand. Demand is primarily driven by buyers and investors seeking value in family-sized homes and smaller units, supported by a steady leasing market. Recent price trends show a period of growth, though with some quarterly variability, indicating a market responsive to broader economic conditions. Future momentum hinges on sustained affordability and regional demand, yet the market remains exposed to interest rate sensitivity and potential fluctuations in sales volume.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
-
Land
157m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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