SOLD
Sold on 10 Apr 2024 for $417,800

16 Spring Gully Road
Quarry Hill VIC 3550

Bedrooms: 4
Bathrooms: 2
Car spaces: -
Floor area: 89m2
Land area: 581m2
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Property Details for 16 Spring Gully Rd, Quarry Hill

16 Spring Gully Rd, Quarry Hill is a 4 bedroom, 2 bathroom Unit and was built in 1960. The property has a land size of 581m2 and floor size of 89m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 4 bedroom Unit sold in Quarry Hill in the last 12 months.

Building Type
Unit
Year Built
1960
Floor Size
89m2
Land Size
581m2
Local Government
Greater Bendigo
Lot/Plan
1/PS304122

Last Listing description (May 2024)

Conveniently positioned a mere five minutes from Bendigo's bustling CBD, this weatherboard home presents an enticing opportunity for both homeowners and investors alike. Featuring three bedrooms within the main residence and an additional attached one-bedroom unit, this property is currently occupied by reliable tenants, generating an immediate combined rental income of $450 per week, this property is a lucrative addition to any investment portfolio and warrants serious consideration. The home offers a light-filled lounge, where a gas heater and split system provide year-round comfort, functional kitchen with gas cooking facilities plus a separate dining room, original bathroom includes a shower over the bath, vanity and toilet along with an external laundry. The self-contained unit contains an open plan kitchenette/living space, spacious bedroom with ensuite. Externally, the property features a single carport and well-maintained gardens, adding to the overall appeal. Situated in a popular location, residents of this property enjoy easy access to all that Bendigo has to offer, including shopping precincts, cafes, La Trobe University, medical facilities, sports venues, and educational institutions. With its prime location and solid rental returns, this property represents an outstanding investment opportunity in one of Bendigo's most desirable areas. Don't miss your chance to explore all that this property has to offer.

Property History for 16 Spring Gully Rd, Quarry Hill, VIC 3550

A timeline of how this property has performed in the market
Last Sold
$417,800
10 Apr 2024
Listed for Rent
$280/w
31 Dec 2021
  • 10 Apr 2024
    Sold for $417,800
  • 04 Apr 2024
    Listed for Sale $380,000 - $410,000
  • 22 Dec 2021
    Listed for Rent $280 / week
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About Quarry Hill 3550

The size of Quarry Hill is approximately 2.4 square kilometres. It has 4 parks covering nearly 27.1% of total area. The population of Quarry Hill in 2011 was 2,339 people. By 2016 the population was 2,343 showing a population growth of 0.2% in the area during that time. The predominant age group in Quarry Hill is 20-29 years. Households in Quarry Hill are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Quarry Hill work in a professional occupation. In 2011, 61.9% of the homes in Quarry Hill were owner-occupied compared with 62.2% in 2016.

Quarry Hill has 1,297 properties. Over the last 5 years, Houses in Quarry Hill have seen a 48.44% increase in median value, while Units have seen a 46.04% increase. As at 30 November 2024:

  • The median value for Houses in Quarry Hill is $567,033 while the median value for Units is $366,108.
  • Houses have a median rent of $450 while Units have a median rent of $398.
There are currently 6 properties listed for sale, and 1 property listed for rent in Quarry hill on OnTheHouse. According to CoreLogic's data, 56 properties were sold in the past 12 months in Quarry hill.

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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.