Back 48 Murphy Street
Off Market

48 Murphy Street

East Bendigo VIC 3550

4
2
2
1196 m²
House
Last sold for $710,000
Justin PellJustin Pell, last sold this property on 18 August 2025 after -31 days on market.

Overview

AMAZING OPPORTUNITY IN A BLUE CHIP LOCATION.

Dual-Income Corner Block with Approved Subdivision – 101 Casey Street & 48 Murphy Street A rare and versatile investment opportunity awaits with this dual-dwelling, duel income property on a spacious 1196m² corner allotment, offered on a single title. Comprising two separate 2-bedroom, 1-bathroom homes, this property delivers immediate rental income and future development upside - complete with an approved planning permit for subdivision. Both dwellings are in original condition with some updates already completed, and all compliances current. Currently tenanted, the property's return a combined rental income of $750 per week ($39,000 p.a.), making it ideal for investors, developers, or owner-occupiers seeking strong holding income. Located in a prime position close to the CBD, local schools, hospital, and university, this property combines convenience, income, and future growth in one outstanding package. Key Features: Large 1196m² corner allotment on a single title Two x 2-bedroom, 1-bathroom dwellings Planning permit approved for subdivision Combined rental income of $750. Dwellings in original condition with updates and full compliance Prime location near CBD, schools, hospital, university & transport Ideal for investors, developers, or multi-generational living Opportunities like this - with income, location, and approved potential - are extremely rare. Act now to secure this standout property with multiple pathways for return.

Features

4 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
1196 m² lot size
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in East Bendigo over the last 12 months, the estimated median property value of 48 Murphy Street is $780k.

Median value
$780k
Estimated value range
$630k - $1.5m
Median days on market
43
Estimated value trend
-12%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in East Bendigo. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 48 Murphy Street

2025
Sold
$710,000
18 Aug 2025 by Justin Pell, of Bendigo Real Estate

Happy sellers in East Bendigo

87%
87% of sellers in East Bendigo reported that their sale price either exceeded or met their price expectations.

East Bendigo stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in East Bendigo over the last 12 months.

Local market activity for 4 bedroom houses in East Bendigo

In the last 12 months, 10 four-bedroom houses similar to 48 Murphy Street, have been sold.

This represents a 22% decrease in four-bedroom houses sales when compared to the previous 12 months.

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