5 Christian Street, California Gully VIC 3556
5 Christian Street, California Gully VIC 3556
5-bed family footprint | 670m² block | 1950s build with modern ducted systems | workshop and dual car spaces | strong rental upside
This house carries a genuinely uncommon configuration for its price point—five bedrooms, two living areas, and a workshop on a 670m² block. That combination serves a specific buyer: growing families who need room to spread out, or investors chasing tenant demand for larger homes. The 1950s shell has been brought forward with ducted heating, ducted cooling, and air conditioning throughout, which removes the usual compromise of older homes feeling dated or draughty. The dual car accommodation and balcony add practical everyday value, and the 176m² building area means the interior is generous without being wasteful. For a family buyer in the Bendigo region, this house offers the rare blend of space, storage, and climate comfort that most comparable listings simply do not match.
The 1950 build year may carry maintenance considerations that a newer property would not, and the floor plan’s age could mean less efficient use of space than a modern layout. The property’s value might be shaped by how well the original structure has been maintained, particularly the roof and foundations, as these are the areas where older homes typically reveal their true condition. The 670m² lot offers room for future extension or landscaping, but any buyer should weigh whether the existing layout meets their needs without significant alteration. Rental income potential near $620 per week suggests strong investor interest, though this may depend on the condition of the kitchen and bathrooms, which are not detailed in the available information.
|| Comparable Sales: 4 Christian Street sold for $532,000; 18 Christian Street marketed near $540,000–$570,000 | Property Price Band: $500,000–$600,000 | Value Drivers: five-bedroom layout, 670m² land size, workshop and dual car spaces
Detailed Independent Property Report prepared by PropCred Analyst team for 5 Christian Street, California Gully VIC 3556
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
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Market Insight
This suburb, straddling two arterial roads, offers an eclectic mix of well-established homes and small businesses that is hard to replicate. Demand is driven by buyers seeking that established character, with 28.9% of residents renting and a 0.66% vacancy rate. Median house prices sit near $525,000, though estimates range from $462,000 to $535,000; annual growth varies from 0.2% to 15.4%, with REIV at 4.3% quarterly. Units median $395,000, rising 12.9% annually. Houses sell in 24 days on average, or 20 for three-bedrooms, confirming tight conditions. Gross rental yields are 4.5–5.04% for houses and 5.87% for units; median rents are $470–$480 and $430 respectively. Annual sales volume is 60–86. The arterial road access and unique housing patchwork support future demand, while affordability and rate sensitivity are the key constraints.
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PropCred Estimated Value
Comparable Sales: 4 Christian Street sold for $532,000; 18 Christian Street marketed near $540,000–$570,000 | Property Price Band: $500,000–$600,000 | Value Drivers: five-bedroom layout, 670m² land size, workshop and dual car spaces
Bedrooms
5
Bathroom
2
Parking
4
Land
683m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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