38 Rowan StreetBendigo VIC 3550
Property Details for 38 Rowan St, Bendigo
38 Rowan St, Bendigo is a 8 bedroom, 5 bathroom House. The property has a land size of 493m2. While the property is not currently for sale or for rent, it was last sold in April 2026. There are other 8 bedroom House sold in Bendigo in the last 12 months.
Last Listing description (September 2026)
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 PotentialIn 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 m (approx.) city-centre site combines heritage appeal with strong rental income and the flexibility to reimagine for residential, commercial, or mixed-use purposes (STCA)._____________________________________________________________________________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)._____________________________________________________________________________Multiple Future Pathways (STCA)* Full restoration to a single grand residence.* Hybrid model retain some apartments, occupy the rest.* Commercial conversion ideal for medical, dental, or consulting suites. given proximity to Bendigo Health and allied health providers. Re-develop for premium multi-residential or short-stay accommodation to capitalise on the CBD location._____________________________________________________________________________Location Advantages 350 m to Bendigo's arts precinct and View Street cafs. Easy walk to shops, gardens, restaurants, and transport. Within minutes of Bendigo Health and professional services._____________________________________________________________________________Why 38 Rowan Street? First time offered in 50 years rare chance to secure a tightly held address. Flexible zoning potential (STCA). Established rental return during planning and approvals phase. Strong capital growth prospects in a proven blue-chip pocket.Opportunities in Bendigo's CBD are limited. Opportunities with income, location, and multiple redevelopment outcomes are even rarer. 38 Rowan Street delivers all three.
Property History for 38 Rowan St, Bendigo, VIC 3550
- 22 Apr 2026Sold
- 18 Feb 2026Listed for Sale $1,150,000
- 06 Mar 2025Listed for Sale $1,195,000
Recent sales nearby
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About Bendigo 3550
The size of Bendigo is approximately 5.5 square kilometres. There are 8 parks, covering nearly 8.8% of the 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 5,293 properties. Over the last 5 years, Houses in Bendigo have seen a 13.03% increase in median value, while Units have seen a 20.80% increase. As at 31 August 2026:
- The median value for Houses in Bendigo is $650,335 while the median value for Units is $475,987.
- Houses have a median rent of $518 while Units have a median rent of $480.
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