OFF MARKET

17 Wood Street
Long Gully VIC 3550

Bedrooms: 2
Bathrooms: 1
Car spaces: 4
Floor area: 76m2
Land area: 1400m2
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Property Details for 17 Wood St, Long Gully

17 Wood St, Long Gully is a 2 bedroom, 1 bathroom House with 4 parking spaces and was built in 1910. The property has a land size of 1400m2 and floor size of 76m2. While the property is not currently for sale or for rent, it was last sold in October 2021.

Building Type
House
Year Built
1910
Floor Size
76m2
Land Size
1400m2
Local Government
Greater Bendigo
Lot/Plan
1/PS331180

Last Listing description (April 2024)

Situated on a sprawling block of 1400sqm, this property presents a plethora of opportunities for astute buyers. Whether you're seeking an investment venture or contemplating your first home purchase, this residence ticks all the boxes. Here's why:

MASSIVE SUBDIVISION OPPORTUNITY: With a block size of 1400sqm, this property offers ample space for subdivision, making it an ideal investment for developers or those looking to expand their portfolio. Proposed dwelling plans are already in place, streamlining the process for potential subdivision projects.

PERFECT INVESTMENT OPPORTUNITY OR FIRST HOME: Currently fetching a rental return of $360 per week, this 2-bedroom home boasts features that appeal to both investors and first-time buyers alike.

WELL-APPOINTED INTERIOR: Inside, the main bedroom offers ample storage, while the kitchen provides generous storage and preparation space, catering to modern living needs. The separate dining area and living space with a split system and electric wall heater ensure comfort year-round.

SPACIOUS OUTDOOR AREA: Outside, the property boasts a massive yard, further enhancing its subdivision potential. Additionally, large shedding is already in place, offering added convenience and storage options.

CONVENIENT LOCATION: Situated just a 6-minute drive from Bendigo CBD, and in close proximity to Bendigo Health and Lake Weeroona, residents will enjoy easy access to essential amenities and recreational facilities.

Don't miss out on this exceptional opportunity to secure a property with immense potential. Contact us today to arrange an inspection and explore the possibilities that await you.

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Property History for 17 Wood St, Long Gully, VIC 3550

A timeline of how this property has performed in the market
Last Sold
$555,000
25 Oct 2021
Listed for Rent
$360/w
15 Mar 2023
  • 19 Mar 2024
    Listed for Sale $620,000 - $670,000
  • 25 Oct 2021
    Sold for $555,000
  • 08 Oct 2021
    Listed for Sale $500,000 - $550,000
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About Long Gully 3550

The size of Long Gully is approximately 3.4 square kilometres. It has 3 parks covering nearly 2% of total area. The population of Long Gully in 2011 was 3,338 people. By 2016 the population was 3,369 showing a population growth of 0.9% in the area during that time. The predominant age group in Long Gully is 20-29 years. Households in Long Gully are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Long Gully work in a labourer occupation. In 2011, 56.7% of the homes in Long Gully were owner-occupied compared with 53.3% in 2016.

Long Gully has 1,923 properties. Over the last 5 years, Houses in Long Gully have seen a 48.63% increase in median value, while Units have seen a 53.49% increase. As at 30 November 2024:

  • The median value for Houses in Long Gully is $459,644 while the median value for Units is $391,847.
  • Houses have a median rent of $430 while Units have a median rent of $395.
There are currently 7 properties listed for sale, and no properties listed for rent in Long gully on OnTheHouse. According to CoreLogic's data, 75 properties were sold in the past 12 months in Long gully.

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