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CA5 Racecourse Road, Redbank$98,500

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CA5 Racecourse Road

Redbank, VIC 3477, Australia

$98,500

2.25 ha

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About this property

Picture relaxing on this affordable 5.55 acre corner allotment situated on the edge of historic township of Redbank. Mainly cleared the property adjoins a Reservoir Creek which serves as its Southern boundary. The land is zoned "Farming Zone" and is fenced along its two road frontages but is unfenced on its Southern and Eastern boundary. Ideal for occasional weekend stays or possibly a potential home site - S.T.C.A (Planning inquiries can be directed to the Pyrenees Shire by quoting property number 327066820). This property presents an affordable and well situated option within easy reach of and many of the nearby world famous local wineries and popular tourist destinations such as Moonambel and Avoca.

Property Details

Property Type: land
Listing Type: For Sale
Land Area: 2.25 ha
Listed: 3 months ago

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$478/month

$239 /fortnight

Loan $78,800 at 6.10% over 30 years

Upfront costs

Deposit$19,700

Stamp duty$2,114

Conveyancing (est.)$2,000

Total upfront$23,814

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Neighbourhood

Living in Redbank

This land in Redbank, VIC 3477 sits within reach of local amenities. It is listed 56% below the $225,000 median of 11 comparable landswithin 5 km.

Redbank at a glance

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Population: 102
Median age: 59
Household income: $787/wk
Median rent: $195/wk
Median mortgage: $964/mo

Source: ABS Census.

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