OFF MARKET

153 Arnold Street
Bendigo VIC 3550

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 61m2
Land area: 927m2
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Property Details for 153 Arnold St, Bendigo

153 Arnold St, Bendigo is a 1 bedroom, 1 bathroom House and was built in 1880. The property has a land size of 927m2 and floor size of 61m2. While the property is not currently for sale or for rent, it was last sold in October 2023.

Building Type
House
Year Built
1880
Floor Size
61m2
Land Size
927m2
Local Government
Greater Bendigo
Lot/Plan
14~48C/PP3473A

Last Listing description (October 2023)

- Opportunity presents: This property presents a great opportunity for the astute investor or medical practitioner to secure a property almost on the doorstep of the new Hospital. It is being overlooked because of the need to retain the existing home on the property. If a two lot sub-division was undertaken and the existing home sliced off on minimal land and onsold the remaining land could be utilised for a new medical/allied health/dental clinic. For those that think outside the square this is a great opportunity

- Strategy:- Undertake a two lot sub-division, the existing home/structure retained on a small parcel of land and on sold as is at an estimated $225,000 to $250,000. This strategy makes the second block clear for development at a very affordable purchase price.

- Ideal inner city development site of 985m2 zoned General residential

- Perfect location for a childcare centre subject to Council approvals

- Situated almost on the doorstep of the Hospital and only minutes to the Bendigo CBD

- Perfect site in Bendigo for allied health, dental, medical disciplines or residential development

- The property does have a period renovator requiring a complete refit to make the home liveable. The home is nicely situated on the block to allow for further development of the remainder of site

- Perfect opportunity to renovate the existing home and develop the site to take advantage of the hot property market in this very central blue chip locale

- The block size is 985m2 and is certainly a blue chip locale - as blue chip as it can get!

- All services are available to the titled block of 985m2 which is ready to build on and is zoned General residential. A very affordable block of land in this high growth area of Bendigo that presents a good opportunity to consider a multi site development

- Extremely high profile location close to the CBD ( 2.0 km walk to Central Bendigo), train station and all amenities. Only a one hundred metre walk to the new Hospital. Walk to Lake Weeroona, Rosalind Park, Train station and Arts precinct

- This is one of Bendigo's best locations without question for inner city living or for allied health/medical business premises

- An excellent opportunity to enter the property market or grow your investment port folio

Property Code: 777

Property History for 153 Arnold St, Bendigo, VIC 3550

A timeline of how this property has performed in the market
Last Sold
$420,000
16 Oct 2023
  • 16 Oct 2023
    Sold for $420,000
  • 30 Mar 2023
    Listed for Sale $430,000 to $475,000
  • 05 Apr 2012
    Listed for Sale $350,000 - $370,000
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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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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.