Endless Potential on a Sizable 840sqm Block - Renovate, Invest or Develop (STCA)

Location - The Drawing Room Bendigo

Positioned in a rapidly growing pocket of California Gully, this solid three-bedroom residence presents an outstanding opportunity for investors, renovators, or developers seeking a genuine value-add project on a generous allotment.

Set on approximately 840sqm with wide frontage and clear side access, the property offers excellent scope for future subdivision into two or potentially three lots (STCA), making it a standout option for those looking to capitalise on land size and location.

The existing cement sheet clad home is in tidy, serviceable condition and has enjoyed a strong rental history, allowing buyers to lease as-is while planning future improvements or redevelopment. Internally, the functional floor plan comprises three bedrooms, a central bathroom, separate living and dining zones, and a practical kitchen, providing a solid foundation to renovate or modernise over time.

To the rear, a large covered alfresco and deck area creates an inviting outdoor space, overlooking the expansive backyard-ideal for families, tenants, or future development flexibility.

Conveniently located in a high-growth corridor, the property is just a 3-minute drive to Eaglehawk Township with its shops, schools, and amenities, and only approximately 10 minutes to the Bendigo CBD, ensuring strong ongoing demand from renters and buyers alike.

A rare entry-level opportunity offering land, location, and upside-whether you're looking to renovate, invest, or explore development potential (STCA), 196 Upper California Gully Road is not to be missed.

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.

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School catchments

California Gully Primary School Primary Prep-6 Government 0.63km
St Liborius' School Primary Prep-6 Catholic 1.0km
Eaglehawk Primary School Primary Prep-6 Government 1.0km
Eaglehawk Secondary College Secondary 7-10 Government 1.6km
Lightning Reef Primary School Primary Prep-6 Government 2.2km
Marist College Bendigo Combined Prep-12 Catholic 2.3km
Eaglehawk North Primary School Primary Prep-6 Government 2.5km
St Peter's School Primary Prep-6 Catholic 2.9km
Bendigo Primary School Primary Prep-6 Government 3.6km
Catherine McAuley College Secondary 7-12 Catholic 3.7km
Maiden Gully Primary School Primary Prep-6 Government 3.8km
Specimen Hill Primary School Primary Prep-6 Government 3.8km
Camp Hill Primary School Primary Prep-6 Government 4.1km
Bendigo Senior Secondary College Secondary 10-12 Government 4.2km
Girton Grammar School - Junior School Combined Independent 4.3km
St Kilian's School Primary Prep-6 Catholic 4.4km
Girton Grammar School Combined Prep-12 Independent 4.5km
Bendigo Senior Secondary College-Netschool Campus Secondary Government 4.6km
Creek Street Christian College Combined Prep-12 Independent 4.7km
Weeroona College Bendigo Secondary 7-12 Government 4.7km
Crusoe 7-10 Secondary College Bendigo Teaching Unit Secondary Government 5.7km
SEDA College (Victoria) - Multi Bendigo Secondary Independent 5.8km
OneSchool Global Vic - Bendigo Centre Combined Independent 6.2km
Crusoe 7-10 Secondary College Secondary 7-10 Government 7.1km
Bendigo South East 7-10 Secondary College Secondary 7-10 Government 7.1km
Weeroona College Bendigo - Bendigo FLO Secondary Government 7.5km

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.

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