3/16 Young StreetGolden Square VIC 3555
Property Details for 3/16 Young St, Golden Square
3/16 Young St, Golden Square is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1960. The property has a land size of 328m2 and floor size of 60m2. While the property is not currently for sale or for rent, it was last sold in June 2020.
Last Listing description (June 2020)
The Bendigo property market has been on fire in recent times, particularly the investment sector. Properties that are yielding a decent return are at a premium, and this 3-unit complex in popular Golden Square presents a fabulous opportunity for the savvy investor to take advantage of the current climate
Being sold as a whole, two of the units are leased to long term tenants (12 & 6 years respectively) whilst the newly renovated Unit 1 is available with vacant possession as a live in investment or rental (appraised at approx $240 per week). There is scope to cosmetically improve and increase the return on units 2&3, which are currently leased at $205 per week on a month by month basis (appraised at $220 per week as is in the current market). This brings the overall potential yield to be approx. $680 per week, or $35,360 per annum.
Units comprise of
2 bedrooms (one with built in robes)
Open plan kitchen, dining and living (polished floor boards in unit 1)
Renovated kitchen in unit 1, the other two serviceable
Renovated bathroom and laundry in unit 1, the other two serviceable
Heating and cooling
Single carport for unit 1, single lock up garage for units 2 & 3
Fenced yard for each unit
Sited across 5 separate titles (3 for the units and 2 for the garages), this excellent opportunity to invest in to one of Bendigo's most popular suburbs will not last long. Close to local amenities and only 5 mins from the city centre, call now to arrange an inspection
** Please note: photos depict units 1 & 3. Please allow 48 hours notice for tenants to inspect
Property History for 3/16 Young St, Golden Square, VIC 3555
- 15 Jun 2020Sold for $605,000
- 11 Mar 2020Listed for Sale $595,000 - $620,000
- 21 Oct 2014Listed for Rent $175 / week
Recent sales nearby
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0About Golden Square 3555
The size of Golden Square is approximately 8.5 square kilometres. It has 13 parks covering nearly 2.3% of total area. The population of Golden Square in 2016 was 8820 people. By 2021 the population was 9220 showing a population growth of 4.5% in the area during that time. The predominant age group in Golden Square is 30-39 years. Households in Golden Square are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Golden Square work in a professional occupation.In 2021, 62.80% of the homes in Golden Square were owner-occupied compared with 63.30% in 2016.
Golden Square has 5,431 properties. Over the last 5 years, Houses in Golden Square have seen a 39.26% increase in median value, while Units have seen a 50.20% increase. As at 30 April 2026:
- The median value for Houses in Golden Square is $618,925 while the median value for Units is $482,757.
- Houses have a median rent of $500 while Units have a median rent of $460.
Suburb Insights for Golden Square 3555
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