FOR SALE
$485,000 - $530,000 ( GST may be applicable)

199 Arnold Street
North Bendigo VIC 3550

Bedrooms: 3
Bathrooms: 1
Car spaces: 4
Land area: 515m2
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Bullet proof investment opportunity - Residential + Commercial! $30k PA return!

A fantastic opportunity awaits with this well-maintained property, offering spacious living, a large outdoor area, and multiple parking options-all within close proximity to Bendigo's thriving CBD. Ideal for investors, or potentially first home buyers wanting a passive income stream this property combines comfort with convenience.
Featuring a 2 bedroom residential tenancy plus a long secure lease attached to the post office ( please note the business is not for sale) GST will be applicable on this sale as well so please consult with your accountant and conveyancer regarding same.
Key Features:
- Two income streams $11,256 PA secure commercial lease + $19,240 P/A for the residential lease
- Four Undercover Parking Bays - Ample off-street parking, providing secure and sheltered space for vehicles, trailers, or additional storage.
- Built-In Robes - Each bedroom is fitted with built-in wardrobes, ensuring plenty of storage for all your essentials.
- Gas Heating - Keep cozy in the cooler months with efficient gas heating throughout the home.
- Split System Heating & Cooling - Comfort all year round with reverse cycle air-conditioning for both heating and cooling.
- Close to Schools - Walking distance to local schools, making it an ideal family location.
- Close to CBD - Just a short drive to the heart of Bendigo, offering easy access to shops, dining, entertainment, and public transport.
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Property Details for 199 Arnold St, North Bendigo

199 Arnold St, North Bendigo is a 3 bedroom, 1 bathroom House with 4 parking spaces. The property has a land size of 515m2. The place is currently for sale with Ray White Bendigo.

Building Type
House
Land Size
515m2

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About North Bendigo 3550

The size of North Bendigo is approximately 4.2 square kilometres. It has 6 parks covering nearly 8.5% of total area. The population of North Bendigo in 2011 was 3,954 people. By 2016 the population was 4,046 showing a population growth of 2.3% in the area during that time. The predominant age group in North Bendigo is 20-29 years. Households in North Bendigo are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in North Bendigo work in a professional occupation. In 2011, 58.9% of the homes in North Bendigo were owner-occupied compared with 51.5% in 2016.

North Bendigo has 2,438 properties. Over the last 5 years, Houses in North Bendigo have seen a 45.30% increase in median value, while Units have seen a 48.72% increase. As at 30 November 2024:

  • The median value for Houses in North Bendigo is $477,407 while the median value for Units is $392,288.
  • Houses have a median rent of $460 while Units have a median rent of $420.
There are currently 20 properties listed for sale, and 4 properties listed for rent in North bendigo on OnTheHouse. According to CoreLogic's data, 91 properties were sold in the past 12 months in North bendigo.

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Suburb Insights for North Bendigo 3550

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Russell Muir
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Liam Jacques
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Ray White Bendigo
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