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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 other 3 bedroom House 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. Over the last 5 years, Houses in Kangaroo Flat have seen a 50.22% increase in median value, while Units have seen a 54.29% increase. As at 31 January 2025:

  • The median value for Houses in Kangaroo Flat is $521,434 while the median value for Units is $362,720.
  • Houses have a median rent of $460 while Units have a median rent of $395.
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.

What's around 22 Bank St, Kangaroo Flat

22 Bank St, Kangaroo Flat is in the school catchment zone for Crusoe 7-10 Secondary College and Kangaroo Flat Primary School.

Nearby Schools
Comparable Properties
Weeroona College Bendigo - Bendigo FLO
0.67km
Address not found
SecondaryNon-GovernmentCombined Enrolled
Bendigo Special Developmental School
0.77km
Kangaroo Flat 3555
SpecialGovernmentCombined130 Enrolled
Crusoe 7-10 Secondary College
1.52km
Kangaroo Flat 3555
IN CATCHMENTSecondaryGovernment7 - 10Combined571 Enrolled
Kangaroo Flat Primary School
1.73km
Kangaroo Flat 3555
IN CATCHMENTPrimaryGovernmentP - 6Combined285 Enrolled
OneSchool Global Vic - Bendigo Centre
2.63km
Kangaroo Flat 3555
CombinedNon-GovernmentCombined Enrolled
Big Hill Primary School
3.24km
Big Hill 3555
PrimaryGovernmentP - 6Combined286 Enrolled
Golden Square Primary School
3.58km
Golden Square 3555
PrimaryGovernmentP - 6Combined364 Enrolled
Spring Gully Primary School
3.7km
Spring Gully 3550
PrimaryGovernmentP - 6Combined378 Enrolled
Quarry Hill Primary School
4.35km
Quarry Hill 3550
PrimaryGovernmentP - 6Combined361 Enrolled
Specimen Hill Primary School
4.4km
Golden Square 3555
PrimaryGovernmentP - 6Combined296 Enrolled

Suburb Insights for Kangaroo Flat 3555

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Neighbourhood Insights
Age

Population 10,405

0-9

 

12%

10-19

 

10%

20-29

 

13%

30-39

 

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40-49

 

12%

50-59

 

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70-79

 

10%

80-89

 

6%

90-99

 

1%

Household Structure
Occupancy
Contact agent
Kaylene Disher
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Nathan Diss
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Property Plus Real Estate
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