5 Retreat RoadFlora Hill VIC 3550
Property Details for 5 Retreat Rd, Flora Hill
5 Retreat Rd, Flora Hill is a 5 bedroom, 1 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 658m2 and floor size of 152m2. While the property is not currently for sale or for rent, it was last sold in April 2023.
Last Listing description (May 2023)
Flora Hill has long been regarded as a most appealing location, and this is a prime position, on the corner of Retreat Road, and Raymond Avenue. The property is within comfortable walking distance of central Bendigo, the railway station, and La Trobe University.
A proven performer, the property has been managed by our team, Elders PM, for around fourteen years. It is offered to the market with vacant possession, meaning you can owner occupy straight away.
Investors wishing to offer the property back to the rental market, will be pleased to know, that our team expect there would be a high level of interest from prospective renters, in the current market. The appraised rental value is available to you upon request.
The property measures approximately 622m2, and the home is deceptively bigger and more spacious than you might first expect. It offers five bedrooms, four of which have built in robes; a formal lounge, and an open plan meals, and living area. There is a rear balcony, a 6m x 5.5m double carport, and a 2.4m x 8.8m storage room.
You may wish to contact the City of Greater Bendigo to investigate the possibility of obtaining a planning permit to utilise the property for a non-residential use.
This is an exceptional location, with a medical centre, pharmacy, post office and general store within short walking distance. Here you will enjoy close proximity to schools, child care, Kennington Reservoir, supermarkets, specialty stores, gyms, cafes, playgrounds and bushland. Comfortably walk or catch the bus to Kennington Village, Strath Village, Strath Hill and the CBD.
A copy of the Due Diligence checklist can be found at https://www.consumer.vic.gov.au/duediligencechecklist
Property History for 5 Retreat Rd, Flora Hill, VIC 3550
- 21 Apr 2023Sold for $470,000
- 09 Mar 2023Listed for Sale Under Contract
- 21 May 2021Listed for Rent $380 / 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 49.78% increase in median value, while Units have seen a 39.38% increase. As at 30 September 2024:
- The median value for Houses in Flora Hill is $560,532 while the median value for Units is $367,739.
- Houses have a median rent of $440 while Units have a median rent of $400.
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