14-16 Rowena StreetEast Bendigo VIC 3550
Property Details for 14-16 Rowena St, East Bendigo
14-16 Rowena St, East Bendigo is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 9339m2 and floor size of 97m2.
Last Listing description (December 2023)
Discover the ultimate investment and development opportunity (STCA) with this exceptional property! Boasting a generous 9326m2 allotment zoned Low Density, the potential is boundless. With a concept plan for 4 lots already drafted, the possibilities are enticing.
Currently, the property is leased by B&B Basil, a thriving micro herb growing and distribution business, earning an impressive approximate $45,760 p.a. (Ex. GST). The current lease is 4 year term ending in September 2026 but provides the tenant with an option of another 2 x 4 year term leases. The package includes a charming 3-bedroom house, included as part of the lease, adding value and versatility. A fantastic opportunity to generate immediate income while you plan your grand venture.
Located just a 10-minute drive from Central Bendigo, convenience meets potential in this prime location. Don't miss out on this rare opportunity that promises a rewarding future. Seize the chance to capitalise on this remarkable investment today!
Property History for 14-16 Rowena St, East Bendigo, VIC 3550
- 02 Aug 2023Listed for Sale $675,000 - $695,000
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0About East Bendigo 3550
The size of East Bendigo is approximately 11.2 square kilometres. It has 2 parks covering nearly 4.9% of total area. The population of East Bendigo in 2011 was 2,153 people. By 2016 the population was 2,100 showing a population decline of 2.5% in the area during that time. The predominant age group in East Bendigo is 20-29 years. Households in East Bendigo are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in East Bendigo work in a professional occupation. In 2011, 64.1% of the homes in East Bendigo were owner-occupied compared with 61.2% in 2016.
East Bendigo has 2,116 properties. Over the last 5 years, Houses in East Bendigo have seen a 49.11% increase in median value, while Units have seen a 50.28% increase. As at 30 September 2024:
- The median value for Houses in East Bendigo is $511,406 while the median value for Units is $388,065.
- Houses have a median rent of $450 while Units have a median rent of $400.
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