153 Arnold StreetBendigo VIC 3550
Property Details for 153 Arnold St, Bendigo
153 Arnold St, Bendigo is a 1 bedroom, 1 bathroom House. The property has a land size of 985m2. While the property is not currently for sale or for rent, it was last sold in October 2023.
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
- 16 Oct 2023Sold for $420,000
- 30 Mar 2023Listed for Sale $430,000 to $475,000
- 05 Apr 2012Listed for Sale $350,000 - $370,000
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0About 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 5,123 properties. Over the last 5 years, Houses in Bendigo have seen a 41.15% increase in median value, while Units have seen a 71.46% increase. As at 31 August 2024:
- The median value for Houses in Bendigo is $569,863 while the median value for Units is $452,846.
- Houses have a median rent of $460 while Units have a median rent of $430.
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