3/3 Bailes StreetBendigo VIC 3550
Property Details for 3/3 Bailes St, Bendigo
3/3 Bailes St, Bendigo is a 2 bedroom, 1 bathroom Unit and was built in 1970. The property has a land size of 220m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in October 2022.
Last Listing description (January 2023)
Ideally positioned close to the hospital and the city, this two-bedroom unit is a low-budget buy for your first-time purchase, a downsizer/pensioner pad or a set-and-forget investment opportunity with excellent tenant appeal.
The compact residence has a spacious lounge/dining separated from the kitchen by an island breakfast bar. The modest kitchen is functional with electric cooking and ample cabinetry.
Both bedrooms have built-ins and enjoy easy access to the three-piece bathroom, while a separate laundry off the kitchen has access to the no-maintenance rear yard.
The rear unit of four on the level lot includes a single carport and visitor parking space.
The key to its success lies in the city-edge position. The quiet backstreet is within a five-minute walk to the hospital precinct, Lake Weeroona, the Bendigo Creek Trail walking/cycling path and 1200 mts to the CBD close enough to leave the car at home and walk to everything.
This is a golden opportunity to purchase well-located real estate at a realistic price and reap the rewards of an easy, carefree lifestyle or a solid rental.
Property History for 3/3 Bailes St, Bendigo, VIC 3550
- 31 Oct 2022Sold for $365,000
- 31 Aug 2022Listed for Sale $360,000 - $380,000
- 09 May 2013Sold for $196,250
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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 5,121 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.
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