52 Bannister Street, North Bendigo VIC 3550

With all the hard work already done here is your opportunity to purchase a fantastic property with approved planning for a 2 lot subdivision. With rental returns on the existing dwelling up to $380 per week this one will be hard to go past.

Defined by enticing period charm paired with a modern edge and generous proportions, this stunning weatherboard residence's irresistible appeal is matched by an enviable location with Lake Weeroona a short stroll away, the new Bendigo hospital also walking distance plus the CBD just a 4-min drive.

Sitting on a whopping 1,209m² allotment this is a brilliant development opportunity and a proposed 'Plan of Subdivision' has been produced which would enable a 2-lot subdivision with enough room to build 2 townhouses at the rear. Both the townhouses and the existing home would have the added bonus of having separate driveways as the proposed second driveway on the other side has already been cleared for access.

Accommodation includes three generous sized bedrooms, two of which have built-in robes plus further storage outside the third bedroom. The bedrooms share a central light-filled bathroom.

Beautifully preserved period proportions with high ceilings, decorative cornices, original decorative mantlepiece plus original light fittings enhance its character further. The lounge, bedrooms and hallways have been fitted with brand new high-quality carpets and an added split systems unit keeps the home toasty in winter and cool in summer.

The lounge leads to the spacious kitchen and dining zone which is flooded with light and features an electric cooktop, oven, pull-out range hood, pantry and lots of cupboard space.

Step past the full-sized laundry and out to the expansive concreted alfresco area where you can enjoy dining outside surrounded by the beautifully landscaped lush green gardens.

You can rest assured the existing dwelling has just been completely re-stumped, fresh paint job and restoration, ready for you to move into straight away.