OFF MARKET

7/7 Honeysuckle Street
Bendigo VIC 3550

Bedrooms: 3
Bathrooms: 2
Car spaces: -
Floor area: 133m2
Land area: 574m2
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Last updated 4 Nov 2024
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Property Details for 7/7-A Honeysuckle St, Bendigo

7/7-A Honeysuckle St, Bendigo is a 3 bedroom, 2 bathroom House. The property has a land size of 574m2 and floor size of 133m2.

Building Type
House
Floor Size
133m2
Land Size
574m2
Local Government
Greater Bendigo

Last Listing description (October 2024)

7 & 7A HONEYSUCKLE STREET, BENDIGO

* 3 bedroom duplex home on 574sqm block
* Fabulous location

* Development opportunity
* 10 minute walk to the CBD

This perfectly positioned duplex home presents a wonderful opportunity for all buyers, astute investors and developers looking to capitalise on their property portfolio. Sitting on a combined 574m of prime land in a highly sought after pocket of Bendigo.

The character house has been split into two units. The front unit (7A Honeysuckle St) consists of a single bedroom, good sized living, kitchenette and bathroom. Currently returning $220 per week with a lease in place until August 2024.
The rear unit (7 Honeysuckle St) includes two large bedrooms, kitchen, bathroom & laundry. Currently returning $310 per week with a lease in place until March 2025.

Endless potential awaits, you can either renovate the existing homes, subdivide, demolish and build 2 or 3 generous sized townhouses or even your dream home, all obviously S.T.C.A

Life will be sweet, when you are an easy 10 minute walk into the heart of Bendigo, a short distance from supermarkets, recreational facilities, schools and all that central CBD life has to offer.

Do not miss out on this excellent opportunity!

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Property History for 7/7-A Honeysuckle St, Bendigo, VIC 3550

A timeline of how this property has performed in the market
  • 13 Sep 2024
    Listed for Sale $490,000 - $520,000
  • 17 Apr 2024
    Listed for Sale $520,000 - $560,000
  • 15 Nov 2022
    Listed for Sale $550,000 - $575,000
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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 5,107 properties. Over the last 5 years, Houses in Bendigo have seen a 38.78% increase in median value, while Units have seen a 66.42% increase. As at 30 September 2024:

  • The median value for Houses in Bendigo is $550,901 while the median value for Units is $427,929.
  • Houses have a median rent of $460 while Units have a median rent of $435.
There are currently 42 properties listed for sale, and 15 properties listed for rent in Bendigo on OnTheHouse. According to CoreLogic's data, 162 properties were sold in the past 12 months in Bendigo.

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