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Overview
Located in the highly sought-after suburb of Spring Gully, this three-bedroom, two-bathroom house offers a valuable investment opportunity with immediate rental income, as it is currently tenanted on a periodic lease. The property's design focuses on practicality and tenant appeal, with built-in robes in every bedroom and an ensuite to the main, supporting comfort and privacy.
The home embodies low-maintenance living on a substantial 757 square meter allotment, providing room for prospective enhancements like a granny flat or additional sheds, subject to council approval. This flexibility could further enhance rental returns and long-term value, making it attractive for investors looking for ongoing growth.
Spring Gully boasts a strong community vibe with its leafy environment and easy access to recreational facilities such as walking and cycling trails and nearby sporting complexes, appealing to long-term tenants. Quality education options, including La Trobe University Bendigo and Bendigo South East College, along with convenient public transport and proximity to the Bendigo CBD, add to the property's desirability.
This property is well suited to investors seeking a manageable, low-upkeep asset with potential for future development within a prestigious location, promising both stability and growth prospects in a flourishing market.
Local Market Insights
In Spring Gully, Quiet Listings observed 74 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 $802,304. The property type mix of listed properties is predominantly Houses at 81%, followed by units (6%), and land (5%). PH Property was the most active agency in this area, representing 22.3% 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
Spring Gully VIC 3550
Market Insights for Spring Gully VIC 3550
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