362 Napier StreetWhite Hills VIC 3550
Property Details for 362 Napier St, White Hills
362 Napier St, White Hills is a 3 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 731m2. While the property is not currently for sale or for rent, it was last sold in June 2023.
Last Listing description (July 2023)
This property boasts location as it is located 4 minutes' drive to Bendigo City Center. Within 10 minutes' walk and you can enjoy all that Lake Weeroona Park has to offer. A short 2 minutes' stroll to O'keefe rail trail and Weeroona Oval. Those with kids will appreciate the great location of Weeroona College and childcare center. This property is situated in the Midland highway with heaps of traffic passing by. It is in a residential zone, and it has council approval to run certain businesses.
Great income:
Currently, the property is leasing to an excellent tenant at a great rental of $28,171.2 including GST per annum. The tenant is also paying the outgoings including the city council rate and building insurance. The tenant is living in the property and running a home based business (massage shop) under city council permit.
Potentials and opportunities:
This property is sitting in an approx. 720 m2 corner block, which offers the investor or developer the profitable opportunity to subdivide the land into half (STCA). The rear block of land will have its own access from Baden St. You can keep the current tenants in the existing house for receiving the rent and then sell the rear block. You can also build a house on it or build 2 townhouses. You can find the sale history online that a block of 720m2 land in 284 Napier St. was sold for approx. $770,000, and a 300m2 vacant land in 318 Napier St was sold for $320,000. The property offers 6 rooms, kitchen, shower, and toilet facilities. The inside has been nicely upgraded like the wall painting, flooring, etc. The gas hot water was recently replaced, it also has a new electric cook burner, and an oven was installed. It is also ideal for a buyer who is thinking of setting up a beauty, medical, viet, office business or even home business etc. in the future. You can also turn it into a residential living or change it as a short-term rooming house. The opportunity is endless.
Please contact Jacky Zheng 0468 870 611 for a private inspection.
Property History for 362 Napier St, White Hills, VIC 3550
- 14 Jun 2023Sold for $515,000
- 05 Dec 2022Listed for Sale NEW PRICE!! $500,000 - $550,000
- 11 Mar 2021Sold for $485,000
Recent sales nearby
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About White Hills 3550
The size of White Hills is approximately 4.9 square kilometres. It has 8 parks covering nearly 5.2% of total area. The population of White Hills in 2016 was 3219 people. By 2021 the population was 3620 showing a population growth of 12.5% in the area during that time. The predominant age group in White Hills is 20-29 years. Households in White Hills are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in White Hills work in a professional occupation.In 2021, 64.60% of the homes in White Hills were owner-occupied compared with 62.90% in 2016.
White Hills has 2,035 properties. Over the last 5 years, Houses in White Hills have seen a 44.91% increase in median value, while Units have seen a 47.04% increase. As at 30 April 2026:
- The median value for Houses in White Hills is $644,038 while the median value for Units is $486,642.
- Houses have a median rent of $505 while Units have a median rent of $460.
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