26 Prouses RoadNorth Bendigo VIC 3550
Property Details for 26 Prouses Rd, North Bendigo
26 Prouses Rd, North Bendigo is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 876m2. While the property is not currently for sale or for rent, it was last sold in March 2013.
Last Listing description (August 2022)
Our incredible regional city continues to attract attention from far and wide. Properties located in the inner areas of Bendigo are especially attractive. The inner suburb of North Bendigo is favoured for its proximity to the Hospital Precinct, Lake Weeroona and its easy access to the central business district.
If we were playing a word association game and I said Prouses Road, chances are you'd answer "Milk Bar". That's because the street is synonymous with the Prouses Road Milk Bar. What you will likely not associate the property with is also having a three-bedroom residence - because it's very much "behind the scenes". Until now you also may not have stopped to think about the large 19.96m frontage of the property and the ample access to the rear of the generous 876m2 block. I invite you to "peek behind the curtain" and see not only the current value on offer here, but also, the great potential for future rewards.
With a long-term commercial lease in place, as the new owner of this property, you will become the new Landlord. The property is zoned General Residential. There is a vehicle entry and exit point at the front and provision for car parking for visiting customers. The fa?ade has a welcoming front verandah and signage entices passers-by in to make a purchase from the friendly team within.
Indoors the shop comprises two large display areas and front service counter. There is also a cool room and storage facilities. The residence behind offers three bedrooms, a kitchen, lounge, laundry and main bathroom.
There is a Metropolitan Melbourne ambience and charisma about this area which is certain to appeal to the young and the young at heart. But you don't need to venture far to be reminded of the regional city values and community that we hold dear.
At a future point in time, you may wish to seek council approval to develop the property. You may focus on the values of the local market and community to direct your efforts, and create a property - or properties, that are highly desirable to future renters and buyers. Buyers and renters will no doubt keenly seek the immediate access that the property offers. Including access to the arts, theatres, sports, restaurants, cafes, gyms, medical services, transport, shops, parks, public spaces and more.
The big question will be, is the property best left as is with mixed use and simply updated? Or should it seek to become a two-lot subdivision? Perhaps the property may pique the interest of a childcare centre, allied health services or other permitted uses with the approval of Council.
Securing this brilliant property will be securing a solid lease agreement and a current value. But it will also be securing the prospect of development and the realisation of likely future rewards.
A copy of the Due Diligence checklist can be found at https://www.consumer.vic.gov.au/duediligencechecklist
Property History for 26 Prouses Rd, North Bendigo, VIC 3550
- 28 Oct 2021Listed for Sale For Sale: $500,000 - $550,000
- 18 Nov 2015Listed for Sale $150,000
- 24 Aug 2015Listed for Sale $150,000
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0About North Bendigo 3550
The size of North Bendigo is approximately 4.2 square kilometres. It has 6 parks covering nearly 8.5% of total area. The population of North Bendigo in 2016 was 4059 people. By 2021 the population was 4277 showing a population growth of 5.4% in the area during that time. The predominant age group in North Bendigo is 20-29 years. Households in North Bendigo are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in North Bendigo work in a professional occupation.In 2021, 52.20% of the homes in North Bendigo were owner-occupied compared with 51.50% in 2016.
North Bendigo has 2,470 properties. Over the last 5 years, Houses in North Bendigo have seen a 43.99% increase in median value, while Units have seen a 64.68% increase. As at 31 December 2025:
- The median value for Houses in North Bendigo is $563,199 while the median value for Units is $454,242.
- Houses have a median rent of $500 while Units have a median rent of $470.
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