OFF MARKET

7/16 Stevenson Street
Bendigo VIC 3550

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 75m2
Land area: 148m2
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Last updated 30 Sep 2024
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Property Details for 7/16 Stevenson St, Bendigo

7/16 Stevenson St, Bendigo is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 148m2 and floor size of 75m2. While the property is not currently for sale or for rent, it was last sold in March 2023.

Building Type
Unit
Year Built
1970
Floor Size
75m2
Land Size
148m2
Local Government
Greater Bendigo
Lot/Plan
7/RP11728

Last Listing description (April 2024)

Whether you are looking to invest or to escape the rental merry-go-round, this unit is the perfect set and forget investment for the savvy investor or as an owner occupier for first home buyers, singles or couples. Investors will particularly be interested in the yield of approximately 5% with the unit currently returning $280pw and scope to increase this yield with an adjustment to the weekly rental amount.

The unit consists of kitchen with electric stove, a good amount of cupboards, bench space & pantry. The combined bathroom/laundry is equipped with shower vanity, trough, room for a washing machine & there is a separate toilet. The kitchen and bathroom are both serviceable as is, however do offer an opportunity for adding value through some basic cosmetic upgrades if you desire. The lounge is carpeted and has a door leading to the compact rear yard. Both bedrooms are generous in size, each with a 2 door built in robe. There are exposed beams throughout and a split system controls the comfort levels. A single carport provides undercover parking for 1 car.
The unit is set in a quiet, well-established area close to schools, public transport and only a short walk of just over a Kilometre into Bendigo CBD or 800m the Bendigo Hospital. It?s also less than 200m to the very popular Corner Store Caf? for the morning coffee or a lunch date.

Purchasing property at this price point is becoming harder and harder to find and with a location that is tough to beat, this unit presents a great opportunity. Be quick, as it?s certain that this property will not be available for long!

Property History for 7/16 Stevenson St, Bendigo, VIC 3550

A timeline of how this property has performed in the market
Last Sold
$320,000
21 Mar 2023
Listed for Rent
$280/w
30 Nov 2021
  • 09 Jun 2023
    Listed for Sale Not Disclosed
  • 21 Mar 2023
    Sold for $320,000
  • 06 Mar 2023
    Listed for Sale $310,000 - $330,000
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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 5,123 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.
There are currently 36 properties listed for sale, and 12 properties listed for rent in Bendigo on OnTheHouse. According to CoreLogic's data, 158 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.