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212 Queen Street,
Bendigo 3550, Victoria

7 bedrooms
5 bathrooms
2 car spaces
603m² land size
House

$920,000

Property details

Rare high yield CBD property, potential return as rooming house in excess of $100,000 P/A!

212 Queen Street, Bendigo presents an exciting and unique opportunity for investors, business owners, or those with an entrepreneurial mindset looking for a high-yield property. This double-storey, seven-bedroom, five plus bathroom Victorian weatherboard home is currently operating as a successful short-stay accommodation property, offering the flexibility to rent out individual rooms or the entire house.

Currently already setup with an actively approved council permit to operate as a rooming house the property boasts potential in the current market to secure a great return, with current demand and market conditions suggesting a rental appraisal of approximately $280 P/w per room this is an unmissable opportunity for investors to buy a high cashflow property with potential to return over $100,000 in rental income per annum.

The home itself is well-maintained and presents in neat, updated condition throughout. Each of the seven bedrooms is generously sized and includes built-in robes and great natural light. Three of the bedrooms boast private ensuites, while two upstairs rooms enjoy direct balcony access with views over the established backyard.

The open-plan kitchen, living, and dining area is spacious and well-suited to accommodating groups, featuring ample storage, bench space, and stainless steel appliances. The property is also wheelchair-friendly, ensuring accessibility for all.

The property is also wheelchair-friendly, with a bedroom with full DDA compliant ensuite, ensuring accessibility for all.

The property is also equipped with eco-conscious features to keep running costs low, including solar panels, reverse cycle air conditioning, roof space heat recovery system, rain water tanks and sensor / timer lighting.

With its prime location, versatile layout, and strong potential for high returns, this Class 1b property is an excellent opportunity for investors seeking a profitable short-stay or rooming house venture.

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

Due diligence checklist for home and residential property buyers.

Explore the area

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School catchments

  • Creek Street Christian College Combined Prep-12 Independent 0.22km
  • Girton Grammar School Combined Prep-12 Independent 0.48km
  • Girton Grammar School - Junior School Combined Independent 0.59km
  • St Joseph's School Primary Prep-6 Catholic 0.62km
  • Quarry Hill Primary School Primary Prep-6 Government 1.2km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

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Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.

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