OFF MARKET

16 Rae Street
Ironbark VIC 3550

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 102m2
Land area: 585m2
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Property Details for 16 Rae St, Ironbark

16 Rae St, Ironbark is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1965. The property has a land size of 585m2 and floor size of 102m2. While the property is not currently for sale or for rent, it was last sold in August 2019.

Building Type
House
Year Built
1965
Floor Size
102m2
Land Size
585m2
Local Government
Greater Bendigo
Lot/Plan
179J~A/PP3473A

Last Listing description (August 2019)

Located on the fringe of Bendigo CBD, this cream brick home has views to the Sacred Heart Cathedral and beyond. The home is perfect for the owner occupier or a sound investment as a long-term rental property.
Other exciting propositions could include extending the current home or as a possible site for a new 2 storey townhouse (STCA) as the views over Bendigo would be amazing!
The home has seen some recent improvements including updated bathroom & laundry, fresh paint, tiling and new carpets, giving the home a new lease on life.


Comprising of two large bedrooms, one with built in robe, spacious kitchen with free standing gas stove, an IXL combustion stove, loads of cupboards & bench space, good fridge space, plus plenty room for the dining table. The adjoining lounge can be completely closed off by sliding doors and enjoys views over the surrounding neighbourhood. The updated bathroom features new tiling, vanity and original bath. There is a shower in the updated laundry along with a separate toilet. An air conditioner and panel heater control the climate throughout the year.

Stepping out the back door finds a lawn area, great for the kids or pets to play, secure off-street parking for one car in the garage plus additional car space in the driveway. The front porch is a relaxing spot to sit & watch the world go by. All on an easy to manage 589 Sqm block.
The property is vacant, so a quick settlement and possession are available.
Rental income is estimated to be $260 - $280 per week.

Some say that Ironbark is the next Bendigo suburb for prices to skyrocket with properties being so close to the CBD, so get in now and reap the rewards in the future.

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Property History for 16 Rae St, Ironbark, VIC 3550

A timeline of how this property has performed in the market
Last Sold
$275,000
15 Aug 2019
Listed for Rent
$250/w
09 Jul 2018
  • 15 Aug 2019
    Sold for $275,000
  • 08 Jul 2019
    Listed for Sale $275,000
  • 01 Jun 2018
    Listed for Rent $250 / week
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About Ironbark 3550

The size of Ironbark is approximately 0.9 square kilometres. It has 2 parks covering nearly 12% of total area. The population of Ironbark in 2011 was 1,080 people. By 2016 the population was 1,084 showing a population growth of 0.4% in the area during that time. The predominant age group in Ironbark is 20-29 years. Households in Ironbark are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ironbark work in a professional occupation. In 2011, 59% of the homes in Ironbark were owner-occupied compared with 57.2% in 2016.

Ironbark has 720 properties. Over the last 5 years, Houses in Ironbark have seen a 42.70% increase in median value, while Units have seen a 67.31% increase. As at 31 October 2024:

  • The median value for Houses in Ironbark is $527,064 while the median value for Units is $408,612.
  • Houses have a median rent of $435 while Units have a median rent of $380.
There are currently 7 properties listed for sale, and 1 property listed for rent in Ironbark on OnTheHouse. According to CoreLogic's data, 20 properties were sold in the past 12 months in Ironbark.

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