7/16 Stevenson Street, Bendigo VIC 3550

Whether you are looking to invest or to escape the rental merry-go-round, this unit is the perfect set and forget investment for the savvy investor or as an owner occupier for first home buyers, singles or couples. Investors will particularly be interested in the yield of approximately 5% with the unit currently returning $280pw and scope to increase this yield with an adjustment to the weekly rental amount.

The unit consists of kitchen with electric stove, a good amount of cupboards, bench space & pantry. The combined bathroom/laundry is equipped with shower vanity, trough, room for a washing machine & there is a separate toilet. The kitchen and bathroom are both serviceable as is, however do offer an opportunity for adding value through some basic cosmetic upgrades if you desire. The lounge is carpeted and has a door leading to the compact rear yard. Both bedrooms are generous in size, each with a 2 door built in robe. There are exposed beams throughout and a split system controls the comfort levels. A single carport provides undercover parking for 1 car.
The unit is set in a quiet, well-established area close to schools, public transport and only a short walk of just over a Kilometre into Bendigo CBD or 800m the Bendigo Hospital. It’s also less than 200m to the very popular Corner Store Café for the morning coffee or a lunch date.

Purchasing property at this price point is becoming harder and harder to find and with a location that is tough to beat, this unit presents a great opportunity. Be quick, as it’s certain that this property will not be available for long!