OFF MARKET

51 Torrens Street
Marong VIC 3515

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 131m2
Land area: 1521m2
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Property Details for 51 Torrens St, Marong

51 Torrens St, Marong is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1940. The property has a land size of 1521m2 and floor size of 131m2. While the property is not currently for sale or for rent, it was last sold in April 2022.

Building Type
House
Year Built
1940
Floor Size
131m2
Land Size
1521m2
Local Government
Greater Bendigo
Lot/Plan
S2/PS709868

Last Listing description (May 2022)

If you think a parcel of land this size doesn't come around very often then you would be correct.
A land allotment such as this offers a magnitude of options for the savvy purchaser. Subdivision (subject to council approval) into 3-4 lots, or simply build your dream home. With a block this size you could have your huge shed, a pool, gardens and still have room for the kids or grandkids to play!
Should you be a little handy on the tools and wish to make use of the current dwelling, then it has ample scope to restore and renovate. The current owner has already made several updates making the home comfortable and spacious, so you could move in and renovate at your leisure.

For the land banker in the marketplace, you can expect a tidy rental return from the home while the property continues to increase in value. This is a no brainer of an investment and brilliant little nest egg for retirement.
After a basic google search, we won't need to tell you how great this location is as you will clearly see everything you would want is within walking distance or a short drive. In real estate location is everything and this location ticks every box.
The property is being offered via Auction, as to put it simply the current owner wants it sold and is ready to move. The instruction to the agents is to present all offers.
Don't let this property be your "if only" property. Contact Matt Connolly and Rory Somerville today

Property History for 51 Torrens St, Marong, VIC 3515

A timeline of how this property has performed in the market
Last Sold
$450,000
13 Apr 2022
  • 13 Apr 2022
    Sold for $450,000
  • 26 Jan 2022
    Listed for Sale $450,000
  • 23 Aug 2018
    Sold for $218,000

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About Marong 3515

The size of Marong is approximately 76.1 square kilometres. It has 2 parks covering nearly 1.8% of total area. The population of Marong in 2011 was 901 people. By 2016 the population was 1,438 showing a population growth of 59.6% in the area during that time. The predominant age group in Marong is 0-9 years. Households in Marong are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Marong work in a trades occupation. In 2011, 83% of the homes in Marong were owner-occupied compared with 82.1% in 2016.

Marong has 1,167 properties. Over the last 5 years, Houses in Marong have seen a 54.71% increase in median value, while Units have seen a 69.69% increase. As at 31 October 2024:

  • The median value for Houses in Marong is $677,079 while the median value for Units is $470,909.
  • Houses have a median rent of $500.
There are currently 14 properties listed for sale, and 1 property listed for rent in Marong on OnTheHouse. According to CoreLogic's data, 73 properties were sold in the past 12 months in Marong.

Suburb Insights for Marong 3515

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.