OFF MARKET

50 Derwent Drive
Long Gully VIC 3550

Bedrooms: 3
Bathrooms: -
Car spaces: -
Land area: 749m2
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Property Details for 50 Derwent Dr, Long Gully

50 Derwent Dr, Long Gully is a 3 bedroom, 0 bathroom House. The property has a land size of 749m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
House
Land Size
749m2
Local Government
Greater Bendigo
Lot/Plan
52/LP115995

Last Listing description (May 2023)

- Ideal development site of 719m2 overlooking reserve area

- All services are available to the titled block of 719m2 which is ready to build on and is zoned General residential

- Location of the block is very close to Bendigo CBD being 3.5km to the CBD

- A very affordable block of land in Bendigo that presents a good opportunity to consider a multi site development - there is a one metre easement along the rear boundary

- Very good opportunity to enter the property market or grow your investment port folio

- Development of two bedroom units on this block (STCA) would see very good demand for the units when built or hold them as rentals in the booming Bendigo rental market for yield and capital growth

- Adjoining Long Gully Reserve and close to the splash park, community garden, schools, shops and all amenities. A short drive to the Hospital and Bendigo Health services

This information has been provided to us by third parties and we do not accept any responsibility for its accuracy. You should make your own enquiries and check the information so as to determine whether or not this information is in fact accurate. You must make your own assessment and obtain professional advice if necessary.

Property Code: 776

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Property History for 50 Derwent Dr, Long Gully, VIC 3550

A timeline of how this property has performed in the market
Last Sold
$180,000
15 May 2023
  • 15 May 2023
    Sold for $180,000
  • 23 Mar 2023
    Listed for Sale $180,000

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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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