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VIC › North Bendigo › Smith St

81 Smith St, North Bendigo VIC 3550

For saleHouse

$580,000–$630,000

For sale

Asking range

$480,000

Last sold

3 Apr 2025

3

Bedrooms

1

Bathrooms

4

Car spaces

961 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $580,000–$630,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $580,000–$630,000(Listing record · 10 July 2026)
  • CalculationLand 961 m² against a 107 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationRecorded House sales in North Bendigo (last 5 years) with land size: median $870/m² of land (n=96). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 5% above the North Bendigo median recorded sale ($554,000, n=43, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at North Bendigo's advertised median rent ($444/wk), implied gross yield would be 3.98% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$580,000–$630,000

Asking range · $604/m² of land

Last recorded sale $480,000 (3 Apr 2025).

Local land rate: recorded House sales in North Bendigo (last 5 years) with land size have a median of $870/m² of land (n=96). Districts calculation from recorded sales — not a valuation.

North Bendigo at a glance

4,167

People

$554,000

Median sale

$444/wk

Median rent

4.17%

Suburb gross yield

Median sale from 43 recorded sales (last 12 months) — a Districts calculation.

See the full North Bendigo report →

Vs North Bendigo

+4.7%

Median sale

Suburb $554,000

-0.19 pp

Gross yield

Suburb 4.17%

Suburb median $554,000 from 43 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$580,000
Stamp Duty (Victoria)
$29,870
Transfer/Registration Fee
$1,461
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$615,031

$35,031 on top of the price (6.0% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with North Bendigo's advertised median rent — not a rent for this listing.

Net yield
2.48%
Annual cashflow (pre-tax)
$-15,772
Interest cover (DSCR)
0.48
Annual rent
$23,088
Operating expenses
$8,700
Loan amount
$464,000
Annual interest
$30,160
Gross yield
3.98%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

20252026$480k$580k
  • Sold (recorded)
  • Asking price (not a sale)
  1. Listed$580,000–$630,000available10 July 2026
  2. Sold$480,0003 Apr 2025
  3. Listedprice unknowncompleted11 Mar 2025

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

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.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 4.0%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

North Bendigo in one glance

North Bendigo at a glance

4,167

People

$554,000

Median sale

$444/wk

Median rent

4.17%

Suburb gross yield

Median sale from 43 recorded sales (last 12 months) — a Districts calculation.

See the full North Bendigo report →

Keep researching

  • Why North Bendigo? Read the area thesis →
  • What else is on the market in North Bendigo →
  • Other records on Smith St →

Listing material

Listed by Gavin Butler Real Estate

Prime Position, Endless Potential on 961m2

Perfectly positioned in one of North Bendigo's most tightly held and highly regarded pockets, this immaculately maintained family home presents a rare opportunity to secure an outstanding property with immediate comfort and exciting future potential.

Lovingly built and proudly owned previously by the one family since new, this charming residence has been beautifully cared for throughout its lifetime. Filled with warmth, character and nostalgic retro charm, it offers the perfect blend of comfortable living today and the opportunity to modernise or further enhance over time.

Set on a substantial 961m² allotment zoned General Residential, the property also offers outstanding subdivision potential (STCA), making it equally appealing to families, first home buyers, retirees, investors and developers looking to capitalise on its exceptional location.

Read the full description

Inside, the home offers three generous bedrooms, two with built-in robes and dressers, while all bedrooms feature ceiling fans for year-round comfort. The spacious lounge is light-filled and inviting, complete with an attractive mantelpiece, feature brick fireplace with electric heating and air conditioning, creating a cosy living space for every season.

The generous kitchen and meals area is exceptionally functional, offering all-electric cooking, excellent bench space and an abundance of storage. Polished hardwood flooring enhances the kitchen, with additional hardwood timber floors lying beneath sections of the existing floor coverings, providing an exciting opportunity to further showcase the home's timeless appeal.

A central bathroom, separate toilet, practical laundry and mudroom complete a floorplan designed for everyday family living.

Step outside and you'll discover one of the property's standout features. The rustic workshop, complete with concrete floor, service pit, power and extensive shelving, was the long-time workshop of the late local electrician Normie "Snapper" Simpson, who operated his successful business from the property for many years. Whether you're a tradesperson, car enthusiast, hobbyist or simply require outstanding storage, this space offers enormous versatility.

Vehicle accommodation is exceptional, featuring a single garage, large workshop, three-car carport and excellent side access to the expansive rear yard. With ample space for caravans, trailers, boats or additional shedding, the property caters perfectly to those wanting room to move while also providing exciting development possibilities for the future (STCA).

Beautifully established gardens frame the home, creating a peaceful setting while still leaving plenty of room for future plans. The generous allotment offers the rare opportunity to retain the existing residence while exploring subdivision options, subject to council approval.

Location is another outstanding feature. Just minutes from the Bendigo CBD, you'll enjoy easy access to Bendigo Health, Lake Weeroona, quality schools, supermarkets, public transport, cafés and every convenience that makes North Bendigo one of the city's most desirable addresses.

Whether you're searching for a beautifully maintained family home, your first step into the market, the perfect retirement property, an investment with strong future upside or an outstanding development opportunity, 81 Smith Street delivers on every level.

Properties on allotments of this size and in locations this desirable, are becoming increasingly difficult to secure. This is a rare opportunity to enjoy today while planning for tomorrow.

This information has been provided to us by third parties and we do not accept any responsibility for its accuracy. You should make your own enquiries and check the information so as to determine whether or not this information is in fact accurate. You must make your own assessment and obtain professional advice if necessary.

Property Code: 1118

Listing description written by Gavin Butler, Gavin Butler Real Estate — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Floorboards
  • Fully Fenced
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.