Location - The Drawing Room Bendigo
Positioned in a rapidly growing pocket of California Gully, this solid three-bedroom residence presents an outstanding opportunity for investors, renovators, or developers seeking a genuine value-add project on a generous allotment.
Set on approximately 840sqm with wide frontage and clear side access, the property offers excellent scope for future subdivision into two or potentially three lots (STCA), making it a standout option for those looking to capitalise on land size and location.
The existing cement sheet clad home is in tidy, serviceable condition and has enjoyed a strong rental history, allowing buyers to lease as-is while planning future improvements or redevelopment. Internally, the functional floor plan comprises three bedrooms, a central bathroom, separate living and dining zones, and a practical kitchen, providing a solid foundation to renovate or modernise over time.
To the rear, a large covered alfresco and deck area creates an inviting outdoor space, overlooking the expansive backyard-ideal for families, tenants, or future development flexibility.
Conveniently located in a high-growth corridor, the property is just a 3-minute drive to Eaglehawk Township with its shops, schools, and amenities, and only approximately 10 minutes to the Bendigo CBD, ensuring strong ongoing demand from renters and buyers alike.
A rare entry-level opportunity offering land, location, and upside-whether you're looking to renovate, invest, or explore development potential (STCA), 196 Upper California Gully Road is not to be missed.
