226 King Street, Bendigo VIC 3550

Renovated California Bungalow | 3 Beds | Walk to CBD | Dual Street Access | 3 Car Spaces This property presents a competitively strong proposition due to its rare configuration in a central location. A fully renovated period home with three car spaces and dual access is an uncommon find within walking distance of the Bendigo CBD. The recent high-quality updates to the kitchen and bathrooms modernize the house without erasing its character, positioning it for immediate occupancy with minimal capital outlay. It serves owner-occupiers seeking a low-maintenance, central lifestyle and investors targeting professionals who value walkability and multiple vehicles. The primary decision rests on the premium for its lot size, which is below the suburb average, and the compressed yield against the estimated value. The commercial logic is in holding for land value in a tightly held locale, where the dual access and parking surplus offer future subdivision or development optionality. The judgment call is to acquire for land utility and scarcity of amenities, not for yield, as a hold in a growth corridor. Comparable sales indicate a active market for three-bedroom homes in the area. Specific nearby sales include 2/185A King Street, 2 Boyd Street Quarry Hill, and 27 Baxter Street Bendigo. This activity supports the valuation range and confirms demand for the configuration, though the subject property’s extensive renovation and superior parking provision likely command a premium above unrenovated comparables.