14-16 Rowena StreetEast Bendigo VIC 3550
Property Details for 14-16 Rowena St, East Bendigo
14-16 Rowena St, East Bendigo is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 9235m2 and floor size of 97m2.
Last Listing description (December 2023)
Discover the ultimate investment and development opportunity (STCA) with this exceptional property! Boasting a generous 9326m2 allotment zoned Low Density, the potential is boundless. With a concept plan for 4 lots already drafted, the possibilities are enticing.
Currently, the property is leased by B&B Basil, a thriving micro herb growing and distribution business, earning an impressive approximate $45,760 p.a. (Ex. GST). The current lease is 4 year term ending in September 2026 but provides the tenant with an option of another 2 x 4 year term leases. The package includes a charming 3-bedroom house, included as part of the lease, adding value and versatility. A fantastic opportunity to generate immediate income while you plan your grand venture.
Located just a 10-minute drive from Central Bendigo, convenience meets potential in this prime location. Don't miss out on this rare opportunity that promises a rewarding future. Seize the chance to capitalise on this remarkable investment today!
Property History for 14-16 Rowena St, East Bendigo, VIC 3550
- 02 Aug 2023Listed for Sale $675,000 - $695,000
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About East Bendigo 3550
The size of East Bendigo is approximately 11.2 square kilometres. There are 2 parks, covering nearly 4.9% of the total area. The population of East Bendigo in 2016 was 2092 people. By 2021 the population was 2246 showing a population growth of 7.4% in the area during that time. The predominant age group in East Bendigo is 30-39 years. Households in East Bendigo are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in East Bendigo work in a professional occupation.In 2021, 60.50% of the homes in East Bendigo were owner-occupied compared with 61.20% in 2016.
East Bendigo has 2,233 properties. Over the last 5 years, Houses in East Bendigo have seen a 42.48% increase in median value, while Units have seen a 30.71% increase. As at 31 July 2026:
- The median value for Houses in East Bendigo is $659,199 while the median value for Units is $456,650.
- Houses have a median rent of $540 while Units have a median rent of $450.
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