114 Neale Street, Flora Hill VIC 3550

2-bed house | 936 m² block | periodic lease in place | subdivision potential noted This property is competitively positioned through its unusually large block in an established Bendigo suburb, where the combination of a modest two-bedroom house on nearly a quarter-acre allotment is increasingly rare. The existing periodic lease provides immediate rental income, while the subdivision potential, subject to council approval, may attract buyers seeking land-banking or development upside. This house best serves investors or owner-occupiers who value land content over internal finish and are prepared to hold for longer-term capital growth. The value of this property may be influenced by its inconsistent land size across sources, which could affect perceived price per square metre and financing. The older building era, while unconfirmed, might suggest renovation requirements that should be factored into any offer. Periodic leases offer flexibility but may limit immediate vacancy or redevelopment timelines. The subdivision opportunity, though promising, depends entirely on council consent and local planning constraints, which a buyer would need to verify independently before forming a view on price.