2,538m² Dual-Frontage Allotment with Original Dwelling - Prime Renovator or Development Opportunity

In-Room Auction, at The Drawing Room -79 Olinda Street, Quarry Hill

Set on an expansive 2,538m² (approx.) allotment with valuable dual street frontage, this rare West Bendigo holding presents a standout opportunity for renovators, developers, builders, or buyers wanting space, flexibility and future potential-all less than 7 minutes from the Bendigo CBD.

Positioned on a prominent corner and surrounded by established gums, the property includes an original-condition two-bedroom home offering a footprint ready for renewal. Whether you choose to restore and modernise the current dwelling, extend, rebuild, or pursue broader development possibilities (STCA), the scope here is significant.

The existing home features a functional layout with a large open-plan living and dining area, retro kitchen, two bedrooms (master with BIRs), central bathroom and laundry. While the dwelling is in need of substantial work, it provides a solid base for those with vision.

Outside, the generous land size, shape and dual access points enhance the property's appeal-ideal for:

Renovators wanting to transform the home and create a lifestyle property

Developers/builders exploring subdivision or multi-dwelling redevelopment (STCA)

Investors seeking a strategic landbank close to the city

Owner-occupiers wanting a large parcel for shedding, vehicles, hobbies or future plans

The lifestyle and convenience on offer further elevate the opportunity-walking distance to Red Energy Arena, Specimen Hill Primary School, Community Kids ELC, nearby reserves and walking tracks, and quick access to local shops and transport.

Key Features

Large 2,538m² (approx.) allotment with dual street frontage

Original-condition home requiring renovation

2 bedrooms, central bathroom, open-plan living/dining, functional kitchen

Excellent development or subdivision potential (STCA)

Corner position with multiple access options

Walking distance to Red Energy Arena and nearby schools

Under 7 minutes to Bendigo CBD and close to local amenities

Ideal for renovators, developers, investors or landbank buyers

Opportunities with this level of flexibility and location advantage are exceedingly rare. Whether you're seeking a renovation project, a redevelopment site, or a long-term landbank investment, 120-122 Inglis Street, West Bendigo is an exceptional prospect.

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

School catchments

Specimen Hill Primary School Primary Prep-6 Government 0.46km
Golden Square Primary School Primary Prep-6 Government 1.7km
Bendigo Primary School Primary Prep-6 Government 1.8km
Girton Grammar School - Junior School Combined Independent 2.2km
Creek Street Christian College Combined Prep-12 Independent 2.4km
Girton Grammar School Combined Prep-12 Independent 2.5km
Catherine McAuley College Secondary 7-12 Catholic 2.6km
California Gully Primary School Primary Prep-6 Government 2.9km
OneSchool Global Vic - Bendigo Centre Combined Independent 2.9km
St Peter's School Primary Prep-6 Catholic 2.9km
Camp Hill Primary School Primary Prep-6 Government 3.0km
Bendigo Senior Secondary College Secondary 10-12 Government 3.1km
Bendigo Senior Secondary College-Netschool Campus Secondary Government 3.1km
St Joseph's School Primary Prep-6 Catholic 3.2km
Lightning Reef Primary School Primary Prep-6 Government 3.2km
Kangaroo Flat Primary School Primary Prep-6 Government 3.4km
Maiden Gully Primary School Primary Prep-6 Government 3.5km
St Kilian's School Primary Prep-6 Catholic 3.5km
Crusoe 7-10 Secondary College Secondary 7-10 Government 3.7km
Marist College Bendigo Combined Prep-12 Catholic 3.7km
Weeroona College Bendigo - Bendigo FLO Secondary Government 4.1km
Crusoe 7-10 Secondary College Bendigo Teaching Unit Secondary Government 4.1km
SEDA College (Victoria) - Multi Bendigo Secondary Independent 4.5km
Eaglehawk Secondary College Secondary 7-10 Government 4.6km
Bendigo South East 7-10 Secondary College Secondary 7-10 Government 5.2km
Weeroona College Bendigo Secondary 7-12 Government 5.2km

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

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

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