343 Barnard Street
Bendigo, VIC 3550

Overview

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

This property presents a rare opportunity to own a significant piece of Bendigo's heritage, formerly known as the Violet Street Hotel. It is a beautifully styled residence that combines period charm with exceptional live/work and income potential. Located at 343 Barnard Street, Bendigo, VIC, this home is situated on a wide corner allotment of approximately 861 square meters within the renowned Violet Street precinct, an area celebrated for its gold-era buildings and historic character.

The residence features four bedrooms, designed with flexibility in mind to accommodate living, working, or short-stay accommodation options. There are two full bathrooms and three toilets, providing ample convenience for family and guests alike. The property includes two kitchens, with the potential to add a third kitchenette, making it ideal for dual households, shared living arrangements, or separate live/work setups.

Parking is well catered for with a secure carport that can accommodate up to four vehicles. The outdoor area includes a private garden and a generous shed, complemented by solar installations that enhance lifestyle appeal and sustainability.

One of the standout heritage features is the original cellar, which remains intact and adds unique character and versatility to the property. The zoning is General Residential Zone (GRZ) with options for mixed use, allowing for diverse residential and business activities subject to approvals.

The property offers triple-income potential with an estimated rental return of $1,625 per week, equating to an 8% plus return. This includes rental income from a studio ($400 per week), the main house ($550 per week), and a commercial shop ($675 per week).

Business opportunities abound, with the ability 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 those seeking a primary residence combined with investment options, the property allows occupancy of 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.

The home exudes timeless character and local significance, retaining its original cellar and storied past. Nestled in the heart of the Violet Street precinct, it offers a strong market outlook and is a versatile income-generating asset rich with character. This property is strategically located and offers deep flexibility for modern living, business, or savvy investment, making it a true standout in Bendigo's market.

• 4 bedrooms with flexible living and working spaces
• 2 full bathrooms plus 3 toilets
• 2 kitchens with potential for a third kitchenette
• Secure carport for up to 4 vehicles
• Private garden and generous shed
• Solar installations for sustainability
• Original cellar intact, adding heritage value
• General Residential Zone with mixed-use options
• Triple-income potential with estimated $1,625 per week rental return
• Business opportunities including live-in commercial enterprise
• Self-contained studio suitable for Airbnb or short-term rental
• Flexible configurations for primary residence and investment
• Located in the historic Violet Street precinct

This property is not just a home but a versatile asset offering multiple income streams and exceptional live/work potential, ideal for those looking to invest in a unique and historically significant residence in Bendigo.

Location