OFF MARKET

25B Peg Leg Road
Eaglehawk VIC 3556

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 160m2
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Property Details for 25b Peg Leg Rd, Eaglehawk

25b Peg Leg Rd, Eaglehawk is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 160m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
House
Land Size
160m2
Local Government
Greater Bendigo
Lot/Plan
1/PS722631

Last Listing description (August 2023)

This charming freehold shop and residence present a rare opportunity to secure an as-new, spacious commercial/residential facility in a high profile Eaglehawk position.

Historically, the corner property was home to a grocery store in the 1930s, but after a major renovation two years ago, it has been transformed, with both the shop and residence now boasting flawless presentation and thoroughly modern finishes.

The shop features a glass facade with a cantilever verandah, while the interior showroom occupies an area of approx. 34 square metres.

It includes a rear office/storeroom, kitchenette and WC., all enhanced with fresh monotone decor, polished floorboards and a split system air con.

The residence is separated from the shop by a wall and locked access.

A private side entrance off Market Street opens to spacious open living and dining areas and a well-equipped kitchen. It offers two bedrooms with built in robes, a stylish bathroom, Euro-style laundry and good storage, while a lock-up carport provides access to the compact backyard and rear entry.

The residence is currently let as an Airbnb with good occupancy records, while the shop offers potential commercial use including but not limited to - a professional office (accounting/legal/allied health), hairdressing, beauty therapy, retail and much more subject to council approval.

Canny investors will recognise this is a rare chance to purchase a property with the potential for two incomes.

New owners may choose to;

- Owner-occupy both shop and residence as the ultimate work-from-home situation.

- Rent the shop and live in the residence

- Rent the residence and conduct business from the shop

- Rent both properties for a double-barrelled income.

There's also the option of consolidating it into one home by incorporating the shop as perhaps another living area (STCA).

Zoned Commercial 1 (CZ1), the position is seconds from Eaglehawk's High Street shops, opposite the Aldi supermarket and benefits from good exposure to foot traffic and passing cars.

Property History for 25b Peg Leg Rd, Eaglehawk, VIC 3556

A timeline of how this property has performed in the market
Last Sold
$510,000
03 May 2023
  • 03 May 2023
    Sold for $510,000
  • 09 Jan 2023
    Listed for Sale $520,000 - $560,000
  • 26 Jul 2018
    Sold for $175,000

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About Eaglehawk 3556

The size of Eaglehawk is approximately 14.5 square kilometres. It has 21 parks covering nearly 18.8% of total area. The population of Eaglehawk in 2011 was 4,809 people. By 2016 the population was 5,691 showing a population growth of 18.3% in the area during that time. The predominant age group in Eaglehawk is 0-9 years. Households in Eaglehawk are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Eaglehawk work in a trades occupation. In 2011, 67.1% of the homes in Eaglehawk were owner-occupied compared with 65.7% in 2016.

Eaglehawk has 3,328 properties. Over the last 5 years, Houses in Eaglehawk have seen a 52.92% increase in median value, while Units have seen a 39.71% increase. As at 31 October 2024:

  • The median value for Houses in Eaglehawk is $474,558 while the median value for Units is $343,733.
  • Houses have a median rent of $450 while Units have a median rent of $380.
There are currently 21 properties listed for sale, and 4 properties listed for rent in Eaglehawk on OnTheHouse. According to CoreLogic's data, 132 properties were sold in the past 12 months in Eaglehawk.

Suburb Insights for Eaglehawk 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.