SOLD
Sold on 21 Nov 2023 for $325,000

1/22 Spring Hill Drive
Spring Gully VIC 3550

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 76m2
Land area: 232m2
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Sold By
Matt Leonard
Tweed Sutherland First National
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Property Details for 1/22 Spring Hill Dr, Spring Gully

1/22 Spring Hill Dr, Spring Gully is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 232m2 and floor size of 76m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 1 bedroom Unit sold in Spring Gully in the last 12 months.

Building Type
Unit
Year Built
1980
Floor Size
76m2
Land Size
232m2
Local Government
Greater Bendigo
Lot/Plan
1/SP31877

Last Listing description (May 2024)

This 2-bedroom unit, positioned at the front of a set of two, is a solid choice. Whether you're starting up or winding down, it's just a short walk to Spring Gully Recreation Reserve and nearby the general store cafe and One Tree Hill Hotel. A simple, comfortable space in a handy spot.

Key Features:
? Bedrooms: Two rooms, both with built-in robes

? Living Area: Decent-sized lounge for your downtime.
? Kitchen Essentials: Comes with electric cooking.
? Outside Space: Private backyard - think BBQs or a small garden.
? Car Space: Single carport for parking.
? Climate Control: Gas heating for chilly nights and refrigerated cooling for summer days.

Currently leased to long-term tenant with expected rental return of $310-$310 PW or available with vacant possession for owner occupiers.

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Property History for 1/22 Spring Hill Dr, Spring Gully, VIC 3550

A timeline of how this property has performed in the market
Last Sold
$325,000
21 Nov 2023
  • 21 Nov 2023
    Sold for $325,000
  • 01 Sep 2023
    Listed for Sale $330,000 - $350,000
  • 22 Jul 2016
    Sold for $210,000
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About Spring Gully 3550

The size of Spring Gully is approximately 7.8 square kilometres. It has 17 parks covering nearly 38.7% of total area. The population of Spring Gully in 2011 was 2,983 people. By 2016 the population was 2,994 showing a population growth of 0.4% in the area during that time. The predominant age group in Spring Gully is 50-59 years. Households in Spring Gully are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Spring Gully work in a professional occupation. In 2011, 73.8% of the homes in Spring Gully were owner-occupied compared with 73% in 2016.

Spring Gully has 1,648 properties. Over the last 5 years, Houses in Spring Gully have seen a 44.68% increase in median value, while Units have seen a 41.00% increase. As at 30 September 2024:

  • The median value for Houses in Spring Gully is $600,721 while the median value for Units is $364,824.
  • Houses have a median rent of $480 while Units have a median rent of $425.
There are currently 9 properties listed for sale, and 2 properties listed for rent in Spring gully on OnTheHouse. According to CoreLogic's data, 60 properties were sold in the past 12 months in Spring gully.

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