69 Nelson StreetCalifornia Gully VIC 3556
Property Details for 69 Nelson St, California Gully
69 Nelson St, California Gully is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1956. The property has a land size of 590m2 and floor size of 131m2. While the property is not currently for sale or for rent, it was last sold in January 2022.
Last Listing description (January 2022)
Finding a sensible entry to the market this year has been a challenge to say the least, and the same goes for a reasonably priced investment property. However, just as we're about to say goodbye to 2021, this fantastic home has just become available.
The property has three bedrooms with built in robes, plus an extra multi-purpose room behind bedroom 3 which could be used as an extra living space/rumpus for the kids, or an extra bedroom if needed. The main living room and kitchen/dining area is a generous space, and the bathroom is neat and serviceable. The home is mostly original inside, however it's been looked after very well and would be comfortable to live in now with the scope for a cosmetic upgrade down the track.
The home is currently tenanted to a very long-term tenant, nearing 20 years of looking after the house like their own. The tenants will be moving out in January, so the property is being offered with vacant possession. A current rental estimate has suggested a rental return of approximately $340pw should be achievable in its current condition, however a minor freshen up would assist in increasing the yield.
Some modern conveniences have been added already, with a near-new split system air conditioner and ceiling fans throughout. A good-sized backyard and brick lock-up garage are the bonus additions to an already ideal selection. There's transport and amenities close by, and an easy commute to either the Bendigo or Eaglehawk CBD.
Property History for 69 Nelson St, California Gully, VIC 3556
- 18 Jan 2022Sold for $410,000
- 27 Dec 2021Listed for Sale $390,000 - $420,000
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About California Gully 3556
The size of California Gully is approximately 3.7 square kilometres. It has 7 parks covering nearly 6.1% of total area. The population of California Gully in 2011 was 4,262 people. By 2016 the population was 4,366 showing a population growth of 2.4% in the area during that time. The predominant age group in California Gully is 0-9 years. Households in California Gully are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in California Gully work in a labourer occupation. In 2011, 65% of the homes in California Gully were owner-occupied compared with 61.3% in 2016.
California Gully has 2,294 properties. Over the last 5 years, Houses in California Gully have seen a 52.34% increase in median value, while Units have seen a 54.22% increase. As at 30 September 2024:
- The median value for Houses in California Gully is $435,905 while the median value for Units is $361,459.
- Houses have a median rent of $420 while Units have a median rent of $380.
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