OFF MARKET

42 Derwent Drive
Long Gully VIC 3550

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Land area: 616m2
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Property Details for 42 Derwent Dr, Long Gully

42 Derwent Dr, Long Gully is a 3 bedroom, 1 bathroom House. The property has a land size of 616m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
House
Land Size
616m2
Local Government
Greater Bendigo
Lot/Plan
56/LP115995

Last Listing description (June 2023)

Are you looking for an opportunity to develop and grow your property investment portfolio? Considering doing a simple two lot subdivision (STCA) with some spec homes and retaining one for yourself and potentially holding or selling the other? Look no further, this property presents an exciting opportunity for those wanting to do just that. This property is not in livable condition, is completely burnt out on the inside and requires extensive works/knockdown.

You will notice that the original dwelling is quite depressed, so a development of a new dwelling (or two) would be beneficial for those in the market.


Situated within close proximity to local attractions and amenities such as Long Gully Reserve Playground, BMX Track, Community Garden, and primary schools it would be fair to say that this is an opportunity at an entry level price point that might be something you are interested in.

Current owner had intentions of completing this project themselves, however due to a change in circumstance, are now looking to offload for someone to reap the rewards.

That being said, if you are in the market for a titled block and looking to build a home for yourself, this also represents good value if looking to owner occupy.

Sound like something you might be interested in? Give the team a call today.

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Property History for 42 Derwent Dr, Long Gully, VIC 3550

A timeline of how this property has performed in the market
Last Sold
$165,000
03 May 2023
  • 03 May 2023
    Sold for $165,000
  • 09 Feb 2023
    Listed for Sale NEW PRICE!! $200,000 - $220,000
  • 30 May 2018
    Sold for $91,000
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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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