FOR SALE
For Sale: $400,000 - $440,000

194 Hargreaves Street
Bendigo VIC 3550

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 149m2
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Up, Up & Away

The sky's the limit for the future of this slice of central Bendigo. Figuratively that is. In fact, 20 metres of sky is the limit! Which is the maximum height permitted for any building in the centre of Bendigo. Land is a finite and scare commodity and it's a pleasant surprise to see opportunities to secure land present themselves - let alone land just metres from the Town Hall!
Our city's skyline is changing before our very eyes with land and the buildings of yesteryear being cunningly secured by those with vision and foresight. They can appreciate the story behind our old buildings and then incorporate that into their clever designs, in order to create spaces that meet the contemporary needs of our society.
The property has a frontage of 4.88m and a length of 30.48m, and measures a total of 149m2. Zoned Commercial 1 the highest and best use for the site is undoubtedly a multistorey development (STCA). Create a prized building with a mix of commerce and residences for our aspiring city apartment dwellers. Create floors and spaces ideal for a cafe, restaurant and retail; and a modern fit out for business.
Design that prioritises sustainability and maximises function will no doubt see the incorporation of a roof top garden, shared barbeque area, bike storage, green spaces and vertical gardens. As well as solar power, water harvesting, and eco-friendly construction materials.
With the Bendigo Law Courts development so immediately nearby, I can just imagine a caf? or restaurant at ground level, a law firm on the first floor, and highly desirable residences beyond. Or what an incredible opportunity for an architecture firm to undertake a development for their own needs, and entrench the power of their brand in the local community.
A copy of the Due Diligence checklist can be found at https://www.consumer.vic.gov.au/duediligencechecklist
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Property Details for 194 Hargreaves St, Bendigo

Building Type
Land
Land Size
149m2

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About Bendigo 3550

The size of Bendigo is approximately 5.5 square kilometres. It has 8 parks covering nearly 8.8% of total area. The population of Bendigo in 2011 was 5,774 people. By 2016 the population was 5,534 showing a population decline of 4.2% in the area during that time. The predominant age group in Bendigo is 20-29 years. Households in Bendigo are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Bendigo work in a professional occupation. In 2011, 54% of the homes in Bendigo were owner-occupied compared with 53.7% in 2016.

Bendigo has 5,143 properties. Over the last 5 years, Houses in Bendigo have seen a 43.36% increase in median value, while Units have seen a 71.39% increase. As at 30 November 2024:

  • The median value for Houses in Bendigo is $560,043 while the median value for Units is $441,224.
  • Houses have a median rent of $470 while Units have a median rent of $443.
There are currently 48 properties listed for sale, and 12 properties listed for rent in Bendigo on OnTheHouse. According to CoreLogic's data, 175 properties were sold in the past 12 months in Bendigo.

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