In Room - The Drawing Room Bendigo

Heritage Charm with Exceptional Live/Work & Income Potential

343 Barnard Street, Bendigo VIC
(Formerly the Violet Street Hotel)

A rare opportunity to own a piece of Bendigo's history: a beautifully styled four-bedroom, two-bathroom residence imbued with period character and extraordinary scope for multiple income streams and flexible usage. Positioned on a wide corner allotment (~861m²) within the renowned Violet Street precinct, this home offers a seamless blend of architectural heritage and contemporary functionality.

Key Features

Bedrooms & Bathrooms

4 bedrooms, including flexible spaces ideally suited for living, working, or short-stay accommodation.

2 full bathrooms + 3 toilets, ensuring comfort and convenience across family and guest usage.

Kitchen & Living

2 kitchens, with scope for a third kitchenette-perfect for dual households, shared living, or separate live/work arrangements.

Parking & Outdoor

Secure carport accommodates up to 4 vehicles.

Private garden, generous shed, solar installations-offering lifestyle appeal and sustainability.

Historic Features & Zoning

Original cellar remains intact, a standout heritage detail offering unique character and versatility.

Situated within General Residential Zone (GRZ) with options for mixed use -allowing for diverse residential use and business activity (subject to approvals).

Triple-Income Potential - Why This Property Stands Out

Rental potential $1,625 per week = 8% plus return!
Studio $400 per week
House $550 per week
Commercial shop $675 per week

Business Opportunity

Launch or continue a live-in commercial enterprise-whether a salon (already installed and functional), clinic, office, or studio-leveraging the mixed use opportunities


Self-Contained Studio / Airbnb
With a secondary kitchen and multiple toilets, the property lends itself easily to a self-contained studio or short-term rental-providing a steady rental or Airbnb income stream.

Primary Residence + Investment Options
Occupy the main residence and generate income by renting out separate zones. Alternatively, consider a rooming house configuration or multi-tenancy setup-optimizing returns while retaining flexibility.

Heritage, Location & Market Appeal

Rich Architecture & Local Significance
Retaining its original cellar and storied past, the home exudes timeless character. Nestled in the heart of the Violet Street precinct-a neighborhood celebrated for its gold-era buildings and historic charm.

Strong Market Outlook

Land size: 861m²

Highlights Snapshot
Feature Description
Bedrooms 4
Bathrooms 2
Toilets 3
Kitchens 2 (plus scope for 3rd kitchenette)
Parking Up to 6 vehicles
Heritage Elements Original cellar intact
Zoning RGZ with mixed use
Income Streams Salon/ business, self-contained rental (Airbnb/studio), primary residence + rental/rooming house

In Summary: This property isn't just a home-it's a versatile income-generating asset rich with character, strategically located, and offering deep flexibility for modern living, business, or savvy investment. A true standout in Bendigo's market.

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.