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Sold on 14 Mar 2024 for $558,000

22 Bank Street
Kangaroo Flat VIC 3555

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 579m2
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Property Details for 22 Bank St, Kangaroo Flat

22 Bank St, Kangaroo Flat is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 579m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are 391 other 3 bedroom Houses sold in Kangaroo Flat in the last 12 months.

Building Type
House
Land Size
579m2
Local Government
Greater Bendigo
Lot/Plan
1/LP92597

Last Listing description (May 2024)

This property presents a unique opportunity for buyers looking for a dual income or dual living arrangement. The main residence offers a spacious three-bedroom home with a light-filled lounge featuring timber flooring and large windows that provide a beautiful view of the street. The outdoor balcony area is perfect for enjoying the scenery and relaxing. On the same level as the lounge, you'll find the well-equipped kitchen, dining area and laundry. Upstairs, there are three generously sized bedrooms, each with built-in robes, as well as a bathroom.

In addition to the main residence, the property includes a separate one-bedroom unit with its own individually metered utilities. This unit has a bedroom with an adjoining ensuite, complete with a shower and basin. The living space features an all-electric kitchen, and there is a separate laundry for additional storage. The unit also offers a compact courtyard, measuring 6m x 5m, which includes a garden shed and an undercover area for a clothesline. This private space is an ideal spot for residents to enjoy some fresh air and cultivate a small garden.

From an investment perspective, this property has great potential. The rental income for both the main residence and the unit is appraised at $430 and $260 per week respectively so combined value is $690 per week, offering a solid return of over 6.5%.

Conveniently located within walking distance to the High Street shops, Homemaker Centre and train station in Kangaroo Flat, as well as being less than a kilometre away from Lansell Square Shopping Centre and Bunnings, this property is in a highly desirable location. Whether you're looking for a dual income opportunity, a separate living space for extended family or an investment with promising returns, 22 & 22A Bank Street is a rare find.

Property History for 22 Bank St, Kangaroo Flat, VIC 3555

A timeline of how this property has performed in the market
Last Sold
$558,000
14 Mar 2024
Listed for Rent
$250/w
27 Sep 2023
  • 14 Mar 2024
    Sold for $558,000
  • 22 Dec 2023
    Listed for Sale $500,000 - $550,000
  • 21 Aug 2023
    Listed for Rent $250 / week
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About Kangaroo Flat 3555

The size of Kangaroo Flat is approximately 18.4 square kilometres. It has 27 parks covering nearly 40.1% of total area. The population of Kangaroo Flat in 2011 was 9,492 people. By 2016 the population was 10,405 showing a population growth of 9.6% in the area during that time. The predominant age group in Kangaroo Flat is 20-29 years. Households in Kangaroo Flat are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kangaroo Flat work in a labourer occupation. In 2011, 67.3% of the homes in Kangaroo Flat were owner-occupied compared with 67.4% in 2016.

Kangaroo Flat has 6,234 properties.

    There are currently 46 properties listed for sale, and 11 properties listed for rent in Kangaroo flat on OnTheHouse. According to CoreLogic's data, 245 properties were sold in the past 12 months in Kangaroo flat.

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    Kaylene Disher
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    Nathan Diss
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