508 High Street, Golden Square, VIC 3555 | Property Value & History | OnTheHouse
OFF MARKET

508 High Street
Golden Square VIC 3555

Bedrooms: -
Bathrooms: -
Car spaces: 30
Land area: 3205m2
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Property Details for 508 High St, Golden Square

Building Type
Commercial
Land Size
3205m2
Local Government
Greater Bendigo
Lot/Plan
3~39A/PP3473A

Last Listing description (October 2018)

Bendigo Homestead Motor Inn provides 24 comfortable motel rooms with a swimming pool (salt water) and BBQ facilities. All air-conditioners have been replaced with split system units and upkeep has been maintained. The rooms have a great mix to cater for domestic, corporate and trade clientele, providing 27 car parks. - Freehold and business to be purchased (13%)- Strong and maintained income and profit over the tenure- Held with the same owner for the last 25 years and the same couple managing for the last 9 years- Currently under management for the last 9 years there is further growth for an owner operator thus in return increased profits- Solid motel business that hosts 24 rooms (good mix), guest laundry, carparks, salt water pool and BBQ facilities- New roof and 72 solar panels which supports low running costs- Great owners/managers residence of three-bedrooms, commercial kitchen, dining and living spaces- Reception and office space- Currently under management for the last 9 years there is further growth for an owner operator thus in return increased profits NB: Property inspections are by appointment only

Property History for 508 High St, Golden Square, VIC 3555

A timeline of how this property has performed in the market
Last Sold
$1,850,000
09 Aug 2021
  • 09 Aug 2021
    Sold for $1,850,000
  • 26 Apr 2021
    Listed for Sale $3,500,000 WIWO
  • 24 Jan 2019
    Sold for $1,735,000
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About Golden Square 3555

The size of Golden Square is approximately 8.5 square kilometres. There are 13 parks, covering nearly 2.3% of the 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 5,446 properties. Over the last 5 years, Houses in Golden Square have seen a 37.73% increase in median value, while Units have seen a 42.78% increase. As at 30 June 2026:

  • The median value for Houses in Golden Square is $629,151 while the median value for Units is $491,866.
  • Houses have a median rent of $510 while Units have a median rent of $475.
There are currently 27 properties listed for sale, and 11 properties listed for rent in Golden square on OnTheHouse. According to Cotality's data, 293 properties were sold in the past 12 months in Golden square.

Suburb Insights for Golden Square 3555

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.