52 Murphy StreetEast Bendigo VIC 3550
Property Details for 52 Murphy St, East Bendigo
52 Murphy St, East Bendigo is a 4 bedroom, 2 bathroom House. The property has a land size of 1007m2 and floor size of 76m2.
Last Listing description (November 2024)
Discover a prime investment opportunity with these two semi-detached units located on a single title in the sought-after East Bendigo area. Generating a combined rental income of $700 per week, these units present a lucrative prospect for investors.
Each unit boasts two large bedrooms, offering ample space and comfort. The single bathroom per unit is designed for convenience and functionality, and separate laundry facilities enhance practicality for tenants. The spacious living areas provide a comfortable and inviting atmosphere, perfect for relaxation and entertaining.
Situated on a generous 1007m2 block, this property ensures plenty of space and potential for future development. The solid red brick construction guarantees durability and minimal maintenance, while climate control features such as split system heating and cooling ensure year-round comfort for residents. There is ample off-street parking available, accommodating multiple vehicles with ease. Additionally, the property includes a shed for extra storage needs and a neat and tidy yard, fully fenced to offer privacy and a secure environment for families.
The location of these units is another standout feature, being close to public transport for easy commuting, nearby shops and schools catering to all essential needs, and in proximity to parks and recreational facilities enhancing lifestyle appeal.
One unit is currently leased at $350 per week with the second unit currently vacant, freshly updated and ready for further tenancy or owner occupier, this property offers a strong rental yield with a consistent income stream. There is also potential for capital growth in this high-demand area, making it a versatile property with options for future enhancement or redevelopment.
Don't miss out on this outstanding investment opportunity in East Bendigo. Whether you?re an experienced investor or looking to start your property portfolio, Units 1 & 2 at 52 Murphy Street offer exceptional value and long-term benefits. Contact us today to arrange an inspection and secure your future in this prime real estate offering.
Disclaimer: All property measurements and information has been provided as honestly and accurately as possible by McKean McGregor Real Estate Pty Ltd. Some information is relied upon from third parties. Title information and further property details can be obtained from the Vendor Statement. We advise you to carry out your own due diligence to confirm the accuracy of the information provided in this advertisement and obtain professional advice if necessary. McKean McGregor Real Estate Pty Ltd do not accept responsibility or liability for any inaccuracies.
Property History for 52 Murphy St, East Bendigo, VIC 3550
- 12 Jun 2024Listed for Sale $690,000 - $730,000
- 05 Jun 2020Listed for Rent $280 / week
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About 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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