4 Ellis Street, Flora Hill VIC 3550
4 Ellis Street, Flora Hill VIC 3550
3-bedroom house | 557m² block | 26% building coverage | near university and schools
This property offers a rare combination of a generous land holding with a modest building footprint, giving a buyer positional flexibility. The 26% building coverage allows for extension or redevelopment without compromising outdoor space, while the proximity to Quarry Hill Primary and Bendigo South East Secondary College adds tenant and resale appeal. It suits an owner-occupier seeking future expansion or an investor targeting the university-linked rental market, where the estimated $475 weekly rent supports a solid yield against the current valuation band.
The primary risk is the dated single-bathroom configuration, which may limit appeal to families and requires a renovation budget to unlock full market value. The absence of bushfire, flood, or heritage overlays reduces holding risk, and the 5G connectivity supports modern tenant expectations. A buyer should plan for a bathroom upgrade within five years and hold for capital growth driven by Bendigo’s steady demand and land scarcity.
Detailed Independent Property Report prepared by PropCred Analyst team for 4 Ellis Street, Flora Hill VIC 3550
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Flora Hill is positioned as an affordable residential suburb within Greater Bendigo, offering proximity to the city’s amenities and employment hubs. Demand is driven by families and first-home buyers seeking value, alongside investors attracted by solid rental yields. The market is characterised by strong price momentum and low days on market, reflecting high buyer competition. Future growth is underpinned by regional expansion and university presence, though risks include tightening affordability and supply constraints in a rate-sensitive environment.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
557m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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