343 Barnard Street
Bendigo, VIC 3550

Overview

Heritage Charm with Live/Work Potential (Formerly the Violet Street Hotel)

This property at 343 Barnard Street in Bendigo offers a unique blend of heritage charm and exceptional live/work potential, formerly known as the Violet Street Hotel. It presents a rare opportunity to own a beautifully styled residence that combines period character with modern functionality, situated on a spacious corner allotment of approximately 861 square meters within the renowned Violet Street precinct.

The home features four bedrooms, designed with flexibility in mind to accommodate living, working, or short-stay accommodation needs. There are two full bathrooms and three toilets, providing ample convenience for family and guests alike.

Kitchen and living spaces include two kitchens, with the potential for a third kitchenette, making it ideal for dual households, shared living arrangements, or separate live/work setups. The secure carport offers parking for up to four vehicles, complemented by a private garden, a generous shed, and solar installations that enhance lifestyle appeal and sustainability.

Historic features include the original cellar, which remains intact and adds unique character and versatility to the property. Zoned within the General Residential Zone (GRZ), the property allows for mixed use, supporting diverse residential and business activities subject to approvals.

The property stands out for its triple-income potential, with an estimated rental return of $1,625 per week, equating to an 8% plus return. Income streams include a studio rental at $400 per week, the main house at $550 per week, and a commercial shop at $675 per week.

Business opportunities abound, with the option to launch or continue a live-in commercial enterprise such as a salon, clinic, office, or studio, leveraging the mixed-use zoning. The self-contained studio with a secondary kitchen and multiple toilets is well suited for short-term rentals or Airbnb, providing a steady income stream.

For primary residence buyers and investors, the property offers the flexibility to occupy the main residence while generating income from separate zones. Alternatively, it can be configured as a rooming house or multi-tenancy setup to optimize returns while maintaining flexibility.

Architecturally rich and locally significant, the home retains its original cellar and storied past, exuding timeless character. It is nestled in the heart of the Violet Street precinct, a neighborhood celebrated for its gold-era buildings and historic charm.

With a strong market outlook, this property is not just a home but a versatile income-generating asset, strategically located and offering deep flexibility for modern living, business, or savvy investment. It is a true standout in Bendigo's property market.

Location