517 Skipton Street Redan VIC 3350
517 Skipton Street Redan VIC 3350
4-bedroom house | 1,429sqm dual-frontage block | heritage country homestead | Redan near Ballarat CBD
The property’s primary buying case rests on its rare combination of a 1,429sqm dual-frontage block and heritage homestead character, positioned 1.6 km from Ballarat’s CBD. For a buyer seeking suburban space without sacrificing urban access, this configuration is competitively strong—few houses in Redan offer this land size with two street frontages. The four-bedroom layout and established gardens suit families or those wanting room to extend, while the auction format suggests motivated selling. This property best serves a buyer who values land banking potential alongside immediate livability, with the dual frontage adding future subdivision or access options.
The main risk is the sole bathroom, which may limit appeal for larger households and could require renovation. The buyer should budget for an additional bathroom or reconfiguration to maintain resale competitiveness. The 2014 sale history without recent price disclosure creates pricing uncertainty, but the auction date of May 26, 2026, allows time for due diligence on zoning and heritage overlays. The commercial logic is to acquire the land for its scarcity and hold for capital growth, using the house as a rental or family home while the block’s value appreciates. Hold for medium-term land value gains.
Detailed Independent Property Report prepared by PropCred Analyst team for 517 Skipton Street Redan VIC 3350
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
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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
4
Bathroom
-
Parking
-
Land
1405m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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