SOLD
Sold on 02 Oct 2024 for $445,000

61 Drought Street
Bendigo VIC 3550

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 116m2
Land area: 400m2
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Tweed Sutherland First National
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Property Details for 61 Drought St, Bendigo

61 Drought 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 400m2 and floor size of 116m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 2 bedroom House sold in Bendigo in the last 12 months.

Building Type
House
Year Built
1940
Floor Size
116m2
Land Size
400m2
Local Government
Greater Bendigo
Lot/Plan
1/TP703317

Last Listing description (December 2024)

An unmissable opportunity for discerning investors. This prime real estate offering is an alluring prospect, set on a generous plot of 400 square metres, with the unique advantage of dual street frontage through to Stout Street.

The property hosts a classic cream brick veneer house under a tiled roof, which invites a wealth of potential. The front door enters into a cosy lounge which is bathed in natural light that then leads to a functional kitchen/dining room. The two well-proportioned bedrooms have views into both the front and back gardens.
The central family bathroom offers bath vanity and shower.

The laundry and separate toilet are positioned toward the back of the home.

Location is paramount, and this house is excellently positioned just 300 metres from Bendigo Hospital, and adjacent to Barkly Street East. Within easy strolling distance are multiple sporting venues, the local swimming pool, theatres, and the leafy Rosalind Park that guides you to the city centre. Not to mention, you're mere moments from the Arts precinct on View Street.

For the investor with vision, the opportunities are boundless: consider demolition subject to council approval (STCA) to erect your bespoke abode, construct two dual-storey townhouses each with their own street frontage. There is potential to enter into the market of short-term accommodation, or undertake a renovation project to modernise the existing structure.

The emphasis here is undeniably on location, providing a canvas for your investment dreams to take shape in one of Bendigo's most sought-after pockets.

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Property History for 61 Drought St, Bendigo, VIC 3550

A timeline of how this property has performed in the market
Last Sold
$445,000
02 Oct 2024
Listed for Rent
20 Jul 2015
  • 02 Oct 2024
    Sold for $445,000
  • 05 Jun 2024
    Listed for Sale $440,000 - $455,000
  • 07 Dec 2020
    Sold for $515,000
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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 5,142 properties. Over the last 5 years, Houses in Bendigo have seen a 43.36% increase in median value, while Units have seen a 71.39% increase. As at 30 November 2024:

  • The median value for Houses in Bendigo is $560,043 while the median value for Units is $441,224.
  • Houses have a median rent of $470 while Units have a median rent of $443.
There are currently 47 properties listed for sale, and 12 properties listed for rent in Bendigo on OnTheHouse. According to CoreLogic's data, 175 properties were sold in the past 12 months in Bendigo.

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