1 Springvale RoadLockwood South VIC 3551
Property Details for 1 Springvale Rd, Lockwood South
1 Springvale Rd, Lockwood South is a 6 bedroom, 3 bathroom House with 4 parking spaces. The property has a land size of 84984m2.This Property is currently listed for sale with Elders Real Estate Bendigo
Last Listing description (July 2026)
Wrapped in wide, shady verandahs and thoughtfully linked by a clever central breezeway, these two adjoining Western Red Cedar homes sit peacefully among beautiful established gardens, on sought after lifestyle acreage close to urban convenience.
Just 15 minutes from Kangaroo Flat's shopping, services and transport, the location allows you to dip in and out of city life with ease - and enjoy the privacy, tranquillity and space that only an acreage property can provide. This is a truly unique opportunity to secure a lifestyle that blends independence, flexibility and income potential in a picturesque setting.
Both homes reflect pride of ownership and have been meticulously cared for by the same family since construction. Both offer three bedrooms, excellent storage, and beautiful outlooks to the gardens and versatile property beyond.
There is a cost reducing solar system, 66,000L of rainwater storage, fruit trees, a 5.2m x 8.6m caravan port, spacious entertaining deck, large dam, and a 9m x 18.4m shed with concrete floor and power.
This dual occupancy configuration is perfect for families seeking multi generational living or two households wanting independence without distance. It's a future proofing proposition allowing owners to age in place while keeping loved ones close.
For buyers who may not have considered dual occupancy, the second residence presents outstanding potential for guest accommodation or fixed term rental to supplement your income or enhance the funds at your disposal in retirement.
Positioned between Maldon and Bendigo - both strong tourist destinations, the property is exceptionally well placed to capture guest accommodation demand. It also represents a compelling opportunity for shared ownership between siblings, relatives, friends or joint venture partners, with legal frameworks available to support co ownership arrangements.
This is a remarkable property boasting 21 acres with two quality homes and a wealth of possibilities for living, sharing and earning.
A copy of the Due Diligence checklist can be found at https://www.consumer.vic.gov.au/duediligencechecklist
Property History for 1 Springvale Rd, Lockwood South, VIC 3551
- 27 Apr 2026Listed for Sale $1M - $1.1M
- 12 Feb 1993Sold for $42,500
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About Lockwood South 3551
The size of Lockwood South is approximately 50.8 square kilometres. There is 1 park, covering nearly 28.4% of the total area. The population of Lockwood South in 2016 was 961 people. By 2021 the population was 1052 showing a population growth of 9.5% in the area during that time. The predominant age group in Lockwood South is 50-59 years. Households in Lockwood South are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lockwood South work in a trades occupation.In 2021, 95.10% of the homes in Lockwood South were owner-occupied compared with 92.40% in 2016.
Lockwood South has 477 properties. Over the last 5 years, Houses in Lockwood South have seen a -1.60% decrease in median value, while Units have seen a 40.13% increase. As at 30 June 2026:
- The median value for Houses in Lockwood South is $774,753 while the median value for Units is $505,767.
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