FOR SALE
$480,000 - $520,000

46 Milroy Street
Bendigo VIC 3550

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 111m2
Land area: 1132m2
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RENOVATORS DELIGHT ON A HUGE PARCEL IN A CENTRAL LOCATION

Expressions of Interest
Closing Wednesday 6 November, 2:00pm
Indicative Sale Price $480,000 - $520,000
This property occupies a whopping 1100sqm of ground, not just with the 3550 postcode, but with a Bendigo proper address. It is located less than 2km, or 3 minutes from our beautiful landmark, Alexandra Fountain in the heart of Bendigo's CBD. The home has a lovely Victorian façade and many of the traditional features. It is well and truly ripe for renovation and just begging for someone who loves old homes to reinstate it, to its former glory. It would also be suited to someone who is interested in pursuing the possibility of subdivision potential in the future.
The current owner purchased this property from her mother over 25 years ago, meaning this property has quite literally been held by the same family for decades, or generations. It is from an era when people took a lot of pride in their gardens, and it even has a suitable name; "Summerfield".
The home hasn't had any substantial improvements in the whole time of the current ownership, which on one hand means it is quite tired, and would most definitely benefit greatly from a renovation or refurbishment, but on the other hand, it means most of the original traditional features are still in place, such as sash windows with the quirky original glass, reminding us that once upon a time, everything was handmade, deep skirting boards, towering timber-lined, ceilings, timber dado boards, and picture rails are amongst the wonderful echoes of the past.
The floor plan is as you would expect from a home of this age, with four main rooms at the front, the first two divided by a central entry hall, beyond which you step into what is currently being used as the dining room, with a bedroom alongside, then the kitchen with an adjacent bedroom sized room, and as you move towards the back door you will find yourself in what would once have been called the vestibule, but is more commonly known as a sunroom now with the bathroom to one side and the laundry and toilet to the other. This transitional space would make an excellent study or gaming area.
An advantage of older homes like this is the versatility of the space. Clever design in the kitchen, would see the dining incorporated, freeing up the other rooms for use as four bedrooms and a lounge or three bedrooms and two separate living areas.
If you just want a nice handy spot to raise your kids, with a big backyard to explore, the gardens are beautifully established, and the property is a triangle which makes it really unique and peculiar with lots of little nooks and crannies. There are bird aviaries tucked away right down the back, and closer to the front There is a brick garage, an older shed, and some other sundry shedding.
In discussion with Town Planning, it seems that subdivision is a possibility here, however a heritage overlay would need to be addressed, with a mind to preservation of the original home, but then who wouldn't want to breathe new life into this lovely piece of history.
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Property Details for 46 Milroy St, Bendigo

46 Milroy St, Bendigo is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 1132m2 and floor size of 111m2. The place is currently for sale with Elders Real Estate Bendigo.

Building Type
House
Floor Size
111m2
Land Size
1132m2

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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 5,106 properties. Over the last 5 years, Houses in Bendigo have seen a 38.78% increase in median value, while Units have seen a 66.42% increase. As at 30 September 2024:

  • The median value for Houses in Bendigo is $550,901 while the median value for Units is $427,929.
  • Houses have a median rent of $460 while Units have a median rent of $435.
There are currently 43 properties listed for sale, and 13 properties listed for rent in Bendigo on OnTheHouse. According to CoreLogic's data, 162 properties were sold in the past 12 months in Bendigo.

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