North Bendigo at a glance
4,167
People
$557,000
Median sale
$444/wk
Median rent
4.15%
Suburb gross yield
Median sale from 42 recorded sales (last 12 months) — a Districts calculation.
VIC › North Bendigo › Michelsen St
3
Bedrooms
1
Bathrooms
2
Car spaces
834 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
No recorded sale price for this property yet.
Local land rate: recorded House sales in North Bendigo (last 5 years) with land size have a median of $869/m² of land (n=97). Districts calculation from recorded sales — not a valuation.
North Bendigo at a glance
4,167
People
$557,000
Median sale
$444/wk
Median rent
4.15%
Suburb gross yield
Median sale from 42 recorded sales (last 12 months) — a Districts calculation.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $444/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
North Bendigo at a glance
4,167
People
$557,000
Median sale
$444/wk
Median rent
4.15%
Suburb gross yield
Median sale from 42 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by McKean McGregor McKean McGregorWith a hotel, post office and bus stop a stone’s throw away, this weatherboard cottage is ideally positioned: a short stroll to the Bendigo hospital and the North Bendigo Sporting Reserve. Sitting towards the front of a sizeable allotment, the property offers plenty of possibility with the chance to renovate, or completely redevelop (STCA) – perfect for an investor, or a buyer looking for a project with ample scope.
- Practical, convenient locale: walk to bus stops, hotel, post office, sporting reserve and Bendigo Health precinct; just minutes to Lake Weeroona, Bendigo Showgrounds, and the CBD
- Large allotment
- Potential to renovate or develop (STCA)
- Shed accessible via secure double gates at driveway (6m x 6m, tilt panel door and pedestrian door, concrete flooring, power, lights)
A decked front porch extends off the front of the home, and to one side is a single carport and double gates providing secure vehicle access to the back yard. A gate at the other side of the home offers pedestrian access. Indoors, the three bedrooms are positioned at the front of the property, one with ample built-in storage. A large lounge is also located off this entry hall. Steps lead down to the kitchen-dining room and vintage cabinetry ensure there is ample cupboard space. Off this room is a bathroom/laundry, with the toilet just out the rear door, off the back porch.
The spacious back garden is mainly set to lawn and offers fantastic potential to extend the home, or a develop with a variety of living options (STCA). A shed, with storage/workshop space, is accessible via the gates at the rear of the carport and provide extra undercover vehicle storage.
Additional features:
- Gas heating in lounge
- Stove with separate grill and four-burner gas cooktop in kitchen
- Ample built-in storage to main bedroom
- Decked veranda at entry
- Porch at rear
- Pedestrian gate at side of home providing access to rear
- Good off-street parking including carport
Disclaimer: All property measurements and information has been provided as honestly and accurately as possible by McKean McGregor Real Estate Pty Ltd. Some information is relied upon from third parties. Title information and further property details can be obtained from the Vendor Statement. We advise you to carry out your own due diligence to confirm the accuracy of the information provided in this advertisement and obtain professional advice if necessary. McKean McGregor Real Estate Pty Ltd do not accept responsibility or liability for any inaccuracies.
Listing description written by Adam Hutton, McKean McGregor McKean McGregor — reproduced as published, not verified by Districts.