Located in a sought-after Redan pocket, this property offers more than just a charming three-bedroom home it comes with a confirmed permit to subdivide the block into two separate 2-bedroom homes, unlocking fantastic development potential and future value.
The front house is currently tenanted by a reliable, long-term renter, providing immediate and steady rental income. This makes the property a smart investment with a strong return from day one, while you plan and prepare for the subdivision.
The existing home is solid and spacious, featuring three generous bedrooms, a functional kitchen with a 600mm gas cooktop and electric oven, and a separate lounge with split system heating and cooling for year-round comfort. At the back, a full laundry with a second toilet adds convenience, and the enclosed rear yard complete with established lawns, storage sheds, and dog or chook pens. Offers great outdoor space and hobby options.
With the subdivision permit in hand, this property is ideal for investors looking to capitalize on the growing demand for quality housing in Redan. The potential to develop two additional homes on this block not only enhances long-term capital growth but also maximizes rental returns.
All of this is set within minutes of Ballarat CBD, local shops, supermarkets, and just a short drive to Sebastopol's shopping precinct an unbeatable location for tenants and future homeowners alike.
601 Ripon Street South is a rare opportunity to secure a property that delivers stable income now and exciting development potential for tomorrow.
Ballarat's Selling-Team
