55 Weeroona AvenueWhite Hills VIC 3550
Property Details for 55 Weeroona Ave, White Hills
55 Weeroona Ave, White Hills is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 738m2. While the property is not currently for sale or for rent, it was last sold in May 2015.
Last Listing description (March 2023)
Set on a sizeable parcel of land measuring approximately 1094m2 comes this genuine opportunity to invest, develop and profit in a prime central location. Situated a stones throw from popular Lake Weeroona and short walking distance to the Bendigo Hospital and the thriving CBD, the blue chip position and "ready to go" nature of this project ensures this is about as straight forward as it gets for a development site!
The existing double fronted weatherboard home has been beautifully renovated and is in superb order throughout, meaning you can live in or lease out immediately (expected return $495 per week) whilst you consider your options. In addition and adding considerable value to a discerning buyer is the fact that the property comes with an existing Planning Permit for a 3-lot subdivision plus bonus approved plans for a dual townhouse development at the rear.
The two-storey, high end townhouses are each configured with three bedrooms, two bathrooms, two living spaces and a double garage each, and take in views of the reserve that borders the property at the rear. The plans are stamped and ready for you to find a builder. Once complete, sell off for immediate profit or add to the rental income stream you already have from the existing house at the front.
Having undergone a total renovation, the existing home is a fantastic place to live, both for its modern aesthetics and its convenience to all major amenities. Live comfortably here if you are just looking for a central property with a large allotment to spread your wings, and bank the development for a later date. Or rent out and gain an income whilst you build your nest egg. Featuring three bedrooms with built in robes, master bedroom with ensuite, main bathroom with separate toilet, good sized laundry, gorgeous central lounge room, separate dining room, and updated kitchen with modern appliances inc. 900mm free standing oven, stone bench tops, dishwasher and plenty of cupboard storage. Other features include new carpets throughout, freshly painted interior, lovely timber floors, modern fixtures and fittings, and split system heating & cooling.
Outside, a stunning new front fence secures and encloses the property. A carport provides sheltered parking, with room off street for loads of vehicles and drive through access to the rear yard. A veranda spans the length of the rear of the home, which provides a great space for alfresco entertaining or relaxing outdoors. The rest is a blank canvass for your ideas!
A once in a blue moon opportunity is a highly desirable location, this property is clearly for the astute minded with an eye for future gain. Do the sums, add them up and call now to take the first step in securing this fantastic opportunity!
** Please contact agent to receive a copy of Planning Permit and approved townhouse plans **
Property History for 55 Weeroona Ave, White Hills, VIC 3550
- 06 Jun 2022Listed for Sale $750,000
- 29 May 2015Sold for $315,000
- 20 Mar 2011Listed for Sale $315,000 EACH
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 2,039 properties. Over the last 5 years, Houses in White Hills have seen a 52.57% increase in median value, while Units have seen a 59.56% increase. As at 31 January 2026:
- The median value for Houses in White Hills is $627,504 while the median value for Units is $467,374.
- Houses have a median rent of $490 while Units have a median rent of $425.
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