12 Rae Street, Ironbark, VIC 3550 | Property Value & History | OnTheHouse
OFF MARKET

12 Rae Street
Ironbark VIC 3550

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Land area: 512m2
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Property Details for 12 Rae St, Ironbark

12 Rae St, Ironbark is a 2 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 512m2. While the property is not currently for sale or for rent, it was last sold in February 2016.

Building Type
House
Land Size
512m2
Local Government
Greater Bendigo
Lot/Plan
1/PS403384

Last Listing description (April 2016)

Situated a short distance to the thriving CBD precinct is this affordable opportunity to take full advantage of the buzz surrounding Ironbark. Tipped as the next best thing in real estate, this is your chance to buy in at a little over land value, and secure your future now! Options are a plenty with this versatile little gem, and your hardest decision will be weather to owner occupy, lease or redevelop the property down the track.
Ready to live or lease immediately, the home sits on the high side of the road in a lovely elevated position, and is comfortable and in good order throughout. The floor coverings are as good as new, the paintwork is all done for a few years both inside and out, and there has been some improvements to the bathroom and laundry. In its current form, it offers two large carpeted bedrooms (both with BIR's), separate study, renovated bathroom, good sized central lounge, functional kitchen and meals area, renovated laundry, and split system heating and cooling. Outside is a double carport and a fully fenced, 513m2 (approx.) secure yard.
All in all, a very affordable opportunity for the medium to long term investor or home occupier such as a first home buyer. And for those with an eye to the future, the position makes it an attractive development proposition for an upmarket townhouse for you to downsize into in the future.

Property History for 12 Rae St, Ironbark, VIC 3550

A timeline of how this property has performed in the market
Last Sold
$230,000
08 Feb 2016
Listed for Rent
$260/w
27 May 2014
  • 08 Feb 2016
    Sold for $230,000
  • 16 Sep 2015
    Listed for Sale $249,000 - $269,000
  • 08 May 2014
    Listed for Rent $260 / week
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About Ironbark 3550

The size of Ironbark is approximately 0.9 square kilometres. It has 2 parks covering nearly 12.0% of total area. The population of Ironbark in 2016 was 1095 people. By 2021 the population was 1163 showing a population growth of 6.2% in the area during that time. The predominant age group in Ironbark is 20-29 years. Households in Ironbark are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ironbark work in a professional occupation.In 2021, 54.80% of the homes in Ironbark were owner-occupied compared with 57.20% in 2016.

Ironbark has 730 properties. Over the last 5 years, Houses in Ironbark have seen a 41.26% increase in median value, while Units have seen a 56.32% increase. As at 30 November 2025:

  • The median value for Houses in Ironbark is $581,317 while the median value for Units is $459,546.
  • Houses have a median rent of $475 while Units have a median rent of $425.
There are currently 6 properties listed for sale, and 1 property listed for rent in Ironbark on OnTheHouse. According to Cotality's data, 47 properties were sold in the past 12 months in Ironbark.

Suburb Insights for Ironbark 3550

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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.