38 Rowan Street, Bendigo, VIC 3550 | House for sale | OnTheHouse
 
FOR SALE
$1,195,000

38 Rowan Street
Bendigo VIC 3550

Bedrooms: 8
Bathrooms: 5
Car spaces: 5
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38 ROWAN STREET, BENDIGO - FIRST TIME OFFERED IN 50 YEARS!

A central Bendigo landholding with historic character, proven income, and multiple redevelopment options - now available after half a century.
Prime Inner-City Site with Flexible Potential
In one of Bendigo's most tightly held streets, 38 Rowan Street offers an exceptional opportunity for those with vision. Owned by the same family since the mid-1970s, this 500 m² (approx.) city-centre site combines heritage appeal with strong rental income and the flexibility to reimagine for residential, commercial, or mixed-use purposes (STCA).
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Current Configuration – Income from Day One
* Five self-contained apartments (mix of 1- and 2-bedroom).
* Each with split-system heating/cooling and dedicated car space.
* Current gross rental income: approx. $6,890 per month (6%+ gross yield).
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Multiple Future Pathways (STCA)
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Property Details for 38 Rowan St, Bendigo

38 Rowan St, Bendigo is a 8 bedroom, 5 bathroom House with 5 parking spaces. The place is currently for sale with Priority1 Property - Bendigo.

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About Bendigo 3550

The size of Bendigo is approximately 5.5 square kilometres. It has 8 parks covering nearly 8.8% of total area. The population of Bendigo in 2016 was 5512 people. By 2021 the population was 5652 showing a population growth of 2.5% in the area during that time. The predominant age group in Bendigo is 20-29 years. Households in Bendigo are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Bendigo work in a professional occupation.In 2021, 53.30% of the homes in Bendigo were owner-occupied compared with 53.70% in 2016.

Bendigo has 5,220 properties. Over the last 5 years, Houses in Bendigo have seen a 43.65% increase in median value, while Units have seen a 64.57% increase. As at 31 October 2025:

  • The median value for Houses in Bendigo is $612,219 while the median value for Units is $472,408.
  • Houses have a median rent of $500 while Units have a median rent of $450.
There are currently 30 properties listed for sale, and 8 properties listed for rent in Bendigo on OnTheHouse. According to Cotality's data, 237 properties were sold in the past 12 months in Bendigo.

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Chris Bone
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