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Sold on 04 Jun 2024 for $320,000

50 Keogh Drive
Spring Gully VIC 3550

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Property Details for 50 Keogh Dr, Spring Gully

Building Type
Land

Last Listing description (June 2024)

A truly exciting proposition, this magnificent allotment is positioned in one of Bendigo's most sought-after residential areas, 'Palm Springs.'

Keogh Drive brings to mind the traits of privacy, peace, quality, and prestige. The property is ideally located at the end of Keogh Drive, with immediate access to the Greater Bendigo National Park via a Reserve within the cul-de-sac.

Neighboured by a tasteful variety of prestigious homes and designs, this represents a unique opportunity to establish a family legacy of your own.

Measuring approximately 1,777sqm, you will be able to construct an open plan wonderland of modern Australian architecture. The end result will be a stunning family home for you to enjoy, and to share.

Given the generous proportions of the rectangular block, a lavish landscape design including a pool, sports court, shed, or outbuildings may be possible. Your new home and landscaped gardens will enjoy views of the surrounding attractive streetscape, and the leafy green environs beyond.

An abundance of adventure surrounds you here. Join sporting clubs, explore bike and walking trails, climb One Tree Hill, and delight in the natural surrounds and wildlife.

There is great access to shopping, education, child care and medical amenities in neighbouring Flora Hill, Strathdale and Kennington. There is also great access to the city bus network, and it is only a short drive to central Bendigo. You will enjoy strolling to the Retreat Road butcher, bakehouse, and takeaway; and visiting the very popular One Tree Hill Hotel, and Spring Gully General Store.

A copy of the Due Diligence checklist can be found at https://www.consumer.vic.gov.au/duediligencechecklist

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Property History for 50 Keogh Dr, Spring Gully, VIC 3550

A timeline of how this property has performed in the market
Last Sold
$320,000
04 Jun 2024
  • 28 May 2024
    Sold for $320,000
  • 30 Oct 2023
    Listed for Sale Not Disclosed
  • 05 Aug 2004
    Sold for $135,000
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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 1,653 properties. Over the last 5 years, Houses in Spring Gully have seen a 45.69% increase in median value, while Units have seen a 38.26% increase. As at 30 November 2024:

  • The median value for Houses in Spring Gully is $620,336 while the median value for Units is $379,388.
  • Houses have a median rent of $470 while Units have a median rent of $430.
There are currently 8 properties listed for sale, and no properties listed for rent in Spring gully on OnTheHouse. According to CoreLogic's data, 66 properties were sold in the past 12 months in Spring gully.

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Patrick Skahill
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Elders Real Estate Bendigo
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