OFF MARKET

76B Wood Street
California Gully VIC 3556

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 156m2
Land area: 787m2
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Property Details for 76b Wood St, California Gully

76b Wood St, California Gully is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 787m2 and floor size of 156m2. While the property is not currently for sale or for rent, it was last sold in June 2018.

Building Type
House
Floor Size
156m2
Land Size
787m2
Local Government
Greater Bendigo
Lot/Plan
2/PS606424

Last Listing description (February 2021)

An exciting opportunity exists to secure a dual-purpose property in a thriving location with easy access to the city.
At California Gully it will interest property investors as well as business operators and owner-occupiers.
Zoned for industrial use (IN1Z) the land measures about 787 square metres with excellent frontage and easy access to the rear.

Improvements to the land involve a modern two-storey residence with four bedrooms, updated bathrooms, open-plan living and well-equipped kitchen.
Reverse-cycle airconditioning is installed and the home has direct access to a double auto-garage.
Further features include upper-level balcony, walk-in storage room, recent carpets, French doors and a delightful courtyard.
Behind the residence is a purpose-engineered steel building that measures approximately 100 square metres.
Inside the building is a custom-designed and professionally installed gas-heated pool measuring approximately 10.5m x 4m.
A highly regarded and fully-accredited swim school has been successfully operating from this facility.
The building has high-span roof, natural lighting, non-slip paving, bathroom facilities, reception station, commercial-grade gas connection and equipment.
It is fully compliant with council requirements and building regulations for public use and fire safety.
Onsite parking is available for up to seven vehicles and the existing concrete pad has foundations in place for future building extension.
Options abound at this propertytake ownership and re-purpose the building, or continue a similar enterprise with the convenience of living onsite.
Establish your allied health service with ample space for consulting and a fully-equipped pool for essential hydrotherapy.
The residence has an appraised rental return of $18,200 per annum, and the commercial component has a guaranteed 3 years lease with a rental return of $13,000.
Wood Street is a bustling hub with nearby residential, schools, retail outlets, supermarket, trade centres and specialty suppliers.
Dont wait, this freehold guarantees you greater freedom to take your business in the direction you've always envisioned. Don't be tied down to rental limitations, secure the flexibility in your own business that you've always wanted. With this freehold, you can start building your dream, beholden to no one but yourself.

Property History for 76b Wood St, California Gully, VIC 3556

A timeline of how this property has performed in the market
Last Sold
$460,000
01 Jun 2018
Listed for Rent
$350/w
18 Sep 2018
  • 21 Aug 2018
    Listed for Rent $350 / week
  • 01 Jun 2018
    Sold for $460,000
  • 13 Jul 2017
    Listed for Rent $350 / week
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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.
There are currently 12 properties listed for sale, and 1 property listed for rent in California gully on OnTheHouse. According to CoreLogic's data, 78 properties were sold in the past 12 months in California gully.

Suburb Insights for California Gully 3556

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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.