FOR SALE
$490,000 - $520,000

7 & 7a Honeysuckle Street
Bendigo VIC 3550

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 574m2
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INVEST OR DEVELOP ON EDGE OF CBD

7 & 7A HONEYSUCKLE STREET, BENDIGO
* 3 bedroom duplex home on 574sqm block
* Fabulous location
* Development opportunity
* 10 minute walk to the CBD
This perfectly positioned duplex home presents a wonderful opportunity for all buyers, astute investors and developers looking to capitalise on their property portfolio. Sitting on a combined 574m² of prime land in a highly sought after pocket of Bendigo.
The character house has been split into two units. The front unit (7A Honeysuckle St) consists of a single bedroom, good sized living, kitchenette and bathroom. Currently returning $220 per week with a lease in place until August 2024.
The rear unit (7 Honeysuckle St) includes two large bedrooms, kitchen, bathroom & laundry. Currently returning $310 per week with a lease in place until March 2025.
Endless potential awaits, you can either renovate the existing homes, subdivide, demolish and build 2 or 3 generous sized townhouses or even your dream home, all obviously S.T.C.A
Life will be sweet, when you are an easy 10 minute walk into the heart of Bendigo, a short distance from supermarkets, recreational facilities, schools and all that central CBD life has to offer.
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Property Details for 7 & 7a Honeysuckle St, Bendigo

7 & 7a Honeysuckle St, Bendigo is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 574m2. The place is currently for sale with Priority1 Property - Bendigo.

Building Type
House
Land Size
574m2

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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 5,119 properties. Over the last 5 years, Houses in Bendigo have seen a 38.62% increase in median value, while Units have seen a 62.26% increase. As at 31 October 2024:

  • The median value for Houses in Bendigo is $553,490 while the median value for Units is $425,996.
  • Houses have a median rent of $470 while Units have a median rent of $440.
There are currently 47 properties listed for sale, and 16 properties listed for rent in Bendigo on OnTheHouse. According to CoreLogic's data, 160 properties were sold in the past 12 months in Bendigo.

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Chris Bone
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