SOLD
Sold on 04 Mar 2024 for $430,000

138 Neale Street
Flora Hill VIC 3550

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 90m2
Land area: 573m2
Sold By
Andrew Murphy
Bendigo Ballarat Real Estate
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Property Details for 138 Neale St, Flora Hill

138 Neale St, Flora Hill is a 2 bedroom, 2 bathroom House and was built in 1960. The property has a land size of 573m2 and floor size of 90m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom House sold in Flora Hill in the last 12 months.

Building Type
House
Year Built
1960
Floor Size
90m2
Land Size
573m2
Local Government
Greater Bendigo
Lot/Plan
121/LP16994

Last Listing description (May 2024)

Conveniently positioned a mere five minutes from Bendigo's bustling CBD, this charming weatherboard home presents an enticing opportunity for both homeowners and investors alike. Featuring two bedrooms within the main residence and an additional one-bedroom unit at the rear, this property is currently occupied by reliable tenants, offering immediate rental income with the option for vacant possession. Generating a combined rental income of $465 per week, this property is a lucrative addition to any investment portfolio and warrants serious consideration. The home offers a light-filled lounge, where a gas heater and air conditioner provide year-round comfort, functional kitchen/dining area complete with gas cooking facilities, rear mud room that could be used as an office/study space, original bathroom includes a shower over the bath and vanity along with a laundry and separate toilet. The fully self-contained unit contains an open plan kitchenette/living space, spacious bedroom with ensuite plus an external laundry. The unit is serviced by a split system for heating and cooling. Externally, the property features a shared double carport and well-maintained gardens, adding to the overall appeal. Situated on the fringe of the city, residents of this property enjoy easy access to all that Bendigo has to offer, including shopping precincts, cafes, La Trobe University, medical facilities, sports venues, and educational institutions. With its prime location and solid rental returns, this property represents an outstanding investment opportunity in one of Bendigo's most desirable areas. Don't miss your chance to explore all that 138 Neale Street, Flora Hill has to offer.

Property History for 138 Neale St, Flora Hill, VIC 3550

A timeline of how this property has performed in the market
Last Sold
$430,000
04 Mar 2024
Listed for Rent
$245/w
27 Jul 2020
  • 04 Mar 2024
    Sold for $430,000
  • 07 Feb 2024
    Listed for Sale $400,000 - $430,000
  • 19 Jun 2020
    Listed for Rent $175 / week
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About Flora Hill 3550

The size of Flora Hill is approximately 2.9 square kilometres. It has 7 parks covering nearly 17.4% of total area. The population of Flora Hill in 2011 was 3,865 people. By 2016 the population was 3,948 showing a population growth of 2.1% in the area during that time. The predominant age group in Flora Hill is 20-29 years. Households in Flora Hill are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Flora Hill work in a professional occupation. In 2011, 50.7% of the homes in Flora Hill were owner-occupied compared with 44.1% in 2016.

Flora Hill has 2,204 properties. Over the last 5 years, Houses in Flora Hill have seen a 48.63% increase in median value, while Units have seen a 35.16% increase. As at 31 October 2024:

  • The median value for Houses in Flora Hill is $565,617 while the median value for Units is $358,888.
  • Houses have a median rent of $450 while Units have a median rent of $395.
There are currently 13 properties listed for sale, and 5 properties listed for rent in Flora hill on OnTheHouse. According to CoreLogic's data, 101 properties were sold in the past 12 months in Flora hill.

Suburb Insights for Flora Hill 3550

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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.