33 Lethebys Rd, Sailors Gully VIC 3556

The kitchen and dining area continue the home's practical family-focused layout, delivering excellent bench space, substantial cabinetry, quality appliances and room for casual meals or larger gatherings. Large surrounding windows frame leafy outlooks and flood the space with sunlight throughout the day, while the direct connection to the outdoor entertaining area enhances the home's indoor-outdoor flow. Whether hosting family celebrations or enjoying a quiet morning coffee overlooking the property, the setting feels peaceful, private and wonderfully connected to the outdoors.

Accommodation within the main residence is equally impressive, comprising three generously sized bedrooms, all positioned separately from the main living zones for privacy and comfort. The spacious main bedroom includes its own ensuite and built-in robe, while the additional bedrooms also offer built-in storage and excellent proportions for growing families or guests. The central bathroom is well-appointed with a separate bath, shower and vanity, while the practical laundry provides additional storage and external access for everyday convenience.

Covered outdoor entertaining areas further enhance the lifestyle appeal of the home, creating the perfect place to gather with family and friends while overlooking the expansive backyard and surrounding open space. The substantial allotment provides endless room for children to explore, gardening enthusiasts to create, or buyers seeking additional shedding, hobby space or room for animals in a peaceful semi-rural environment.

What truly sets this property apart is the inclusion of the fully self-contained second dwelling at 33A. Thoughtfully positioned for privacy and independence, the secondary residence provides outstanding flexibility for extended family members, adult children, guests, or rental accommodation potential. Complete with its own entrance, separate metering and accessible ramp entry, the dwelling offers comfortable low-maintenance living with two bedrooms, an open-plan kitchen, dining and living area, split system heating and cooling, bathroom facilities and a private deck overlooking the surrounding greenery. The layout creates a warm and welcoming environment while maintaining excellent separation from the main residence.

Then there's the land itself. At 4,122 square metres, this is no ordinary allotment. The sheer size of the block opens the door to future subdivision and development, giving the next owner the ability to unlock even greater long-term value. Land of this scale with income already flowing and development upside still on the table is something that simply does not come around very often.

Beyond the lifestyle on offer, the investment credentials here are seriously impressive and genuinely hard to find in today's market. With two separate dwellings on the one title, this property delivers a combined rental income of $960 per week and a yield of 5.8%, a figure savvy investor will immediately recognise as exceptional. Whether you lease both and enjoy a strong return from day one, or occupy one and let the other offset your mortgage, the flexibility here is a genuine point of difference.

Despite its peaceful setting, the location remains exceptionally convenient, just moments from Eaglehawk North Primary School and minutes from Lake Neangar, walking tracks, playgrounds and sporting facilities. Eaglehawk's shopping precinct, supermarkets, cafes and everyday amenities are all close by, while Bendigo Health and the Bendigo CBD are only a short drive away. Combining dual occupancy flexibility, substantial land size and lifestyle appeal on one title, this is a rare and highly versatile opportunity.

For the investor looking to strengthen their portfolio, the owner occupier wanting to make their money work harder, or the developer with an eye for opportunity, this property ticks every box and then some.