42 Langston StreetBendigo VIC 3550
Property Details for 42 Langston St, Bendigo
42 Langston St, Bendigo is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1940. The property has a land size of 915m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in March 2021.
Last Listing description (May 2021)
Indicative Sale Price: $520,000 - $560,000
This very unique property sits at the foot of Forest Lane, positioned midway between Forest Street and View Street in central Bendigo. For "Bendigonians" and well informed buyers, this opening sentence is superfluous; they know the value of the location at first sight. For those who rely on some local knowledge, trust me when I say, this is a hot bit of real estate!
In addition to the impressive location, here there are two houses on the one block. The 915m2 (dual occupancy) property comprises a super-quaint Cal Bungalow style home to the front, and a versatile, brick house to the rear. For those in the know, they can see the value here beyond what initially meets the eye. For those who rely on professional knowledge, trust me when I say, there is potentially a greater "highest and best use" (HBU) on offer here.
The concept of HBU in real estate, is that for a property to achieve its greatest potential and therefore $ value; it ought to be put to its best legal, physically possible and financially feasible use. Cutting to the chase - I'm suggesting there's scope for subdivision, subject to council approval. But I'm also suggesting that the HBU may be "as is"; but transformed.
By "transformed" I mean transforming the front home, retaining the facade and period charm, while creating a new, modern home, worthy of this prized location.
The position here is "uptown Bendigo" in every sense, neighboured by homes that proudly showcase their stunning historic facades, but which have enviable modern interiors and extensions.
Both houses have 15 years of strong rental history under the management of our team, Elders Property Management. You may choose to lease the rear house immediately, and use the income to offset your investment, while transforming the front house. Once ready to occupy the property yourselves, the rear house has so much potential:
Think - space for extended family
a place for guests
parent's retreat (or young adult)
Airbnb
home office
hobbies, gym, rumpus
home business: streaming cooking lessons, fitness classes, tutoring,
coaching or mentoring; all from the comfort of your home based empire!
There is a Metropolitan Melbourne ambience and charisma about this area which is certain to appeal to the young and the young at heart. But you don't need to stroll far to be reminded of the regional city values and community that we hold dear. Values that you will be immersed in, by the immediate access to the arts, theatres, sports, restaurants, cafes, gyms, medical services, transport, shops, parks, public spaces and more.
Property History for 42 Langston St, Bendigo, VIC 3550
- 11 Mar 2021Sold for $646,000
- 17 Feb 2021Listed for Sale ELDERS EASY SALE Closes Tue 2 March at 4pm
- 20 Oct 2016Listed for Rent - Price not available
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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 5,139 properties. Over the last 5 years, Houses in Bendigo have seen a 41.77% increase in median value, while Units have seen a 80.94% increase. As at 31 January 2025:
- The median value for Houses in Bendigo is $561,077 while the median value for Units is $437,955.
- Houses have a median rent of $478 while Units have a median rent of $450.
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