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Overview
This property at 4 Ryan Street in North Bendigo offers a rare combination of substantial land, solid existing infrastructure, and promising development potential within one of Bendigo’s fastest-growing precincts. Spanning approximately 1,200 square meters, the gently sloping block with an expansive frontage exceeding 20 meters presents a flexible building envelope suitable for redevelopment, subject to council approval.
Currently positioned on the block is a charming weatherboard house from the 1950s, oriented towards the street to maintain side access—ideal for extending or capitalizing on the remaining land. The home’s warm character is highlighted by polished hardwood floors, large timber-framed windows, and classic French doors, underscoring its suitability for immediate comfortable living or rental income.
- The interior includes two spacious bedrooms equipped with ceiling fans and split-system heating and cooling, ensuring year-round comfort.
- The bathroom thoughtfully combines vintage charm and functionality with a clawfoot bath and separate shower.
- The kitchen, updated for practicality, flows into a generous open-plan living and dining space accentuated by exposed timber beams and a brick fireplace, fostering an inviting atmosphere enhanced by ceiling fans and french doors opening onto a veranda.
- Additional amenities consist of an outdoor laundry, a second toilet, and multiple large sheds in the rear yard, providing versatile storage and workshop possibilities.
The rear garden is predominantly lawn and established gardens, accessible via vehicle entry from the front to the back of the property, supporting various lifestyle needs. The elevated position of the allotment promises future double-storey developments with sweeping views across Bendigo, a feature likely to enhance appeal for both developers and homebuyers seeking context and lifestyle benefits.
Proximity to major conveniences such as Bendigo Hospital, Lake Weeroona, and the CBD cements this property's strategic location. This site is particularly attractive for those looking for a long-term investment, developers aiming to capitalize on the site's expansion potential, or owner-occupiers valuing both liveability and growth prospects.
Local Market Insights
In North Bendigo, Quiet Listings observed 72 new houses entering the market over the last 30 days, up from 64 during the previous 30-day period, with an average advertised asking price of $809,035. The property type mix of listed properties is predominantly Houses at 81%, followed by units (6%), and land (6%). PH Property was the most active agency in this area, representing 22.8% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
North Bendigo VIC 3550
Market Insights for North Bendigo VIC 3550
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