45 Strickland RoadEast Bendigo VIC 3550
Property Details for 45 Strickland Rd, East Bendigo
45 Strickland Rd, East Bendigo is a 2 bedroom, 1 bathroom House and was built in 1880. The property has a land size of 1620m2 and floor size of 56m2. While the property is not currently for sale or for rent, it was last sold in March 2022.
Last Listing description (November 2022)
Prime Development Potential (STCA) - Land Bank or Make it Your Own
It gets said a lot, but this opportunity is definitely one not to miss!
Imagine owning just over 1600m2 of land near Lake Weeroona, Bendigo CBD and minutes to Bendigo's new hospital and medical hub, adding to the investment portfolio and setting up your financial future.
While there is a small two-bedroom cottage currently on the block, the drawcard is the massive opportunity (STCA) for future development behind it. It's a promising investment with townhouse developments already occupying the surrounding area.
This property will cater for those looking to land bank and plan the next phase or development straight away.
A highlight of the property is the generous 6m x 12m three-phase powered and concreted shed with cool room inside, and is surrounded by secure colorbond fencing.
Another added bonus is the two access points, either enter via Strickland Road or around the back off the unsealed road into Riley Street through double gates, where the shed sits.
The location is idyllic; just 1.3km to Lake Weeroona, 2.2km to Bendigo Health and only 2.5km to the CBD.
You have to be quick, this investment potential won't last long. Currently leased with the tenant occupying the home for the last 12 years.
Property History for 45 Strickland Rd, East Bendigo, VIC 3550
- 10 Mar 2022Sold for $500,000
- 03 Mar 2022Listed for Sale $480,000 - $520,000
- 16 Jul 2020Sold for $362,500
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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 2,122 properties. Over the last 5 years, Houses in East Bendigo have seen a 39.50% increase in median value, while Units have seen a 44.86% increase. As at 31 October 2024:
- The median value for Houses in East Bendigo is $511,311 while the median value for Units is $378,566.
- Houses have a median rent of $450 while Units have a median rent of $420.
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