Positioned in one of Bendigo's most sought-after growth precincts, this substantial allotment of approximately 1,200m² presents an outstanding opportunity for developers, investors and homebuyers alike. Located just moments from the Bendigo Hospital, Lake Weeroona and the CBD, the property combines immediate liveability with exceptional future potential.
Boasting an impressive frontage of more than 20 meters to Ryan Street, the gently sloping block lends itself to redevelopment (STCA). The rear of the allotment levels out to provide an ideal building envelope, offering excellent scope for a quality townhouse development. With its elevated position, future double-storey residences could also enjoy sweeping views across Bendigo, adding significant appeal for owner-occupiers and investors.
The existing weatherboard home, built in the 1950s, sits comfortably toward the front of the block, allowing practical side access for future development. Comfortable as is, the home also offers scope to renovate or lease while planning your next project, making it an attractive holding investment.
Inside, the home features two generous bedrooms, each fitted with ceiling fans and split-system heating and cooling. Centrally positioned, the bathroom includes a shower, clawfoot bath and toilet. Character features such as polished hardwood floors, large timber-framed windows and classic French doors create warmth and charm throughout, while another split-system ensures year-round comfort.
The updated kitchen is neat and functional, adjoining a spacious open-plan living and dining area highlighted by exposed timber beams, ceiling fans and a striking brick fireplace. French doors lead onto the veranda overlooking the expansive backyard. An external laundry and second toilet complete the home's practical layout.
The generous rear yard is mostly established with lawn and gardens and provides vehicle access from the front right through to the back of the property. Several large sheds offer excellent storage or workshop space and would suit a tradesperson, while also leaving clear potential for future redevelopment when the time is right.
Rarely do properties offer this combination of location, land size and development potential. Whether you're looking to build, invest, renovate or landbank for the future, this is an exceptional opportunity in one of Bendigo's most tightly held precincts, only a short stroll from the hospital, Lake Weeroona and the heart of the city.
