Indicative Sale Price: $610,000 - $650,000.
Elders Easy Sale Closes Thursday 8 July, 11:00am at 46 Queen Street, Bendigo.
Measuring 4,961m2, this property is a touch over 1.2 acres and is zoned General Residential. It faces across to Neangar Park Golf Club, and has a view of the reflections of green trees, and blue sky, on the glistening surface of the golf course dam.
The appeal of the property is as broad as its frontage! The couple of aerial photographs ought to emphasise the generous amount of land surrounding the existing 4-bedroom home and two sheds. Both photos should also point out the precedent for subdivision and development immediately neighbouring the property; and the availability of services (which includes 3 phase power). What an exciting and increasingly scarce opportunity to create a subdivision (subject to Council approval).
I also intend for the photographs to clearly show you that the house and front shed represent a renovation project. In order to move in and enjoy the property, or to have it meet standards for the rental market; the home and front shed will require your investment in some repairs and updates.
It's exciting to think what this property will become. You may wish to restore the existing buildings and "land bank" and enjoy the space now; and realise its potential development value in the future. Alternatively, you may see this as a great opportunity to undertake a joint venture with family, to subdivide and create adjoining properties between two generations. Or you may wish to create a gated community of multiple properties. Alternatively, you might wish to capitalise on the increasing demand for vacant building allotments, by creating new lots to sell for profit as soon as you can.
It is common for me to hear people describe with great pride, their sense of belonging to the Eaglehawk community. There is an undeniable romance about the town and its local community. Often buyers express their desire to "return home" to Eaglehawk. Whether that is to take up employment opportunities in Bendigo, to invest in real estate, to raise a family or to enjoy retirement. Don't be fooled by the historic architecture however; this is a modern and thriving point on the map!
This richness of community and belonging is key to the richness of the modern amenities, public spaces, trade and services. When you visit the property allow time to also inspect the bustling suburb, and note the immediate access to all the modern necessities and comforts you could desire.
What Eaglehawk offers includes: the picturesque shores of Lake Neangar, boasting space and equipment for adventure and movement play, as well as picnic and BBQ facilities. Peter Krenz Leisure Centre, including gym and heated pool. Canterbury Park Oval, sports precinct and Botanical Gardens. McKern Skate Park and Mulga Bill Bike Trail. Aldi and IGA supermarkets, shopping village, Star Cinema, restaurants, cafes, bakery and banks. It also offers primary schools, a secondary college, public bus system and train station.
A copy of the Due Diligence checklist can be found at https://www.consumer.vic.gov.au/duediligencechecklist
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