24 Ophir Street, Golden Square VIC 3555
24 Ophir Street, Golden Square VIC 3555
Attached-style configuration on a multi-dwelling parcel | Mixed street with older houses and new infill | Steady rental interest near Bendigo services | Compact, low-maintenance living for first-timers or downsizers | Verification needed on title and internal layout
The property sits within a pocket of Ophir Street that blends established detached houses on larger blocks with newer attached units and townhouses. This particular dwelling likely belongs to the attached segment, offering a more compact footprint than the older weatherboard homes nearby. For a first-home buyer or downsizer, that translates into lower upkeep and a more manageable price point than the street’s larger houses. The location works well for those wanting proximity to the CBD, hospital, and schools without being in the thick of it. Rental demand appears consistent, supported by the area’s service access and mixed housing stock. The configuration edge here is the balance between a quiet suburban street and the convenience of central Bendigo’s fringe.
What may materially affect value is the uncertainty around the exact title type, land size, and internal condition. If this unit or townhouse holds a strata or community title, ongoing fees could influence affordability. The age and finish of the dwelling might vary significantly from the newer infill units on the same street, which could widen or narrow the price gap. Parking provision and outdoor space, typical constraints of attached housing, should be weighed against the lower entry cost. The mixed character of the street means value will hinge on how this property compares to both the older houses and the newer units in condition and presentation.
Detailed Independent Property Report prepared by PropCred Analyst team for 24 Ophir Street, Golden Square VIC 3555
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Golden Square, a mature Bendigo suburb, is seeing demand driven by professionals aged 30–39, mostly childless couples; owner-occupation is high at 62.8%. Houses hold a median of $575,000, up 5.5% quarterly, though annual growth varies sharply by source—from 7.6% to a 0.9% decline. Units are stronger: $464,000, up 13% quarterly and 11.8–15.6% annually. Five-year gains are solid: houses +54.3%, units +60.0%. Houses sell in 25–38 days, units in 24–31 days. Gross yields are moderate: houses 4.3–4.6%, units 4.7–5.1%. Rents sit at $460–$500 for houses, $400–$460 for units. Key risk is market volatility and interest-rate sensitivity across the Bendigo region.
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PropCred Estimated Value
Comparable Sales: 1/38-40 Ophir Street sold $385,000; 29 Ophir Street sold $617,000 | Property Price Band: $400,000–$500,000 | Value Drivers: Condition, layout, title type, parking provision
Bedrooms
3
Bathroom
1
Parking
2
Land
290m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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