316 Russell Street, Buninyong, VIC 3357 | House for sale | OnTheHouse
 
FOR SALE
$500,000 - $550,000

316 Russell Street
Buninyong VIC 3357

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 893m2
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"Position & Potential"

Set on a generous approximately 893sqm block with the added convenience of dual access from both Russell and Elizabeth Streets, this brick veneer home presents a genuine opportunity for buyers looking for a project with real potential. The land size also favours potential dual development subject to council approval.
Behind the covered front verandah, the home unfolds into a light-filled living room, with a seperate doorways opening out to the wraparound patio and established gardens beyond. A separate dining area and adjoining kitchen with breakfast nook form the heart of the home, retaining original cabinetry, gas cooktop and freestanding oven, ready for a future refresh.
Two well-proportioned bedrooms are serviced by a single bathroom featuring a full-length bathtub, seperate shower and vanity, along with a functional laundry positioned conveniently between the kitchen and bedroom areas. Character details throughout, including timber skirting boards, ornate cornices and ceiling fans, hint at the home's easy-care bones beneath the finishes.
Outside, a single carport and additional storage shed sit alongside a sprawling, low-maintenance lawn, offering plenty of room to garden, extend or simply enjoy the space this elevated Buninyong block provides.
The options here are plentiful. Restore this home to its former mid century glory, renovate and extend for a growing family, modernise and rent out or knock it down and build your dream forever home complete with shed with it's own access (STA) or subdivide the block into 2 or 3 (STA) and resell to the popular downsizer market.
Key Features
* Generous 893sqm block (approx) with dual street access from both Russell and Elizabeth Streets, offering potential for dual occupancy or development (STCAl)
* Light-filled living room with separate doorway opening to a wraparound patio and established gardens
* Original kitchen and dining area with breakfast nook, retaining character cabinetry, gas cooktop and freestanding oven
* Two well-proportioned bedrooms serviced by a single bathroom with full-length bathtub, separate shower and vanity, plus a conveniently positioned laundry
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Property Details for 316 Russell St, Buninyong

316 Russell St, Buninyong is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 893m2. The place is currently for sale with Stone Real Estate Ballarat.

Building Type
House
Land Size
893m2
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About Buninyong 3357

The size of Buninyong is approximately 26.0 square kilometres. There are 15 parks, covering nearly 3.6% of the total area. The population of Buninyong in 2016 was 3714 people. By 2021 the population was 3797 showing a population growth of 2.2% in the area during that time. The predominant age group in Buninyong is 10-19 years. Households in Buninyong are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Buninyong work in a professional occupation.In 2021, 85.00% of the homes in Buninyong were owner-occupied compared with 82.90% in 2016.

Buninyong has 1,865 properties. Over the last 5 years, Houses in Buninyong have seen a 18.56% increase in median value, while Units have seen a 8.99% increase. As at 31 August 2026:

  • The median value for Houses in Buninyong is $823,163 while the median value for Units is $428,077.
  • Houses have a median rent of $450 while Units have a median rent of $370.
There are currently 24 properties listed for sale, and 2 properties listed for rent in Buninyong on OnTheHouse. According to Cotality's data, 73 properties were sold in the past 12 months in Buninyong.

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Stu Brien
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Leanne Madigan
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Stone Real Estate Ballarat
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