10B Strickland Road, East Bendigo VIC 3550
10B Strickland Road, East Bendigo VIC 3550
3/2/1 on 265m² | compact infill, mixed corridor | near CBD and Lake Weeroona | suits low-maintenance and investor buyers | land size is the key constraint
Efficiency is competed on by this property rather than scale. A three-bedroom, two-bathroom layout with single-car parking on 265 square metres is provided, making it a compact product that is rarely seen in a corridor dominated by older houses on larger blocks. Walking distance to Bendigo’s CBD and the Lake Weeroona precinct is offered, giving genuine convenience appeal. A lock-and-leave option is well suited to a first home buyer, or a low-maintenance holding is provided for an investor with strong rental demand potential. The small footprint is considered both its charm and its boundary, making it a straightforward choice for those who value location and practicality over extensive outdoor space.
The small 265 square metre land size may be seen as limiting future subdivision or extension work, so the fixed envelope should be weighed carefully by buyers. The mixed-use nature of the corridor might be perceived as affecting amenity, although it also supports everyday convenience. Internal condition and presentation are likely to be the strongest value drivers, as layout and location are fixed. Rental yield potential may also be considered, given the compact design and central position.
Detailed Independent Property Report prepared by PropCred Analyst team for 10B Strickland Road, East Bendigo VIC 3550
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
East Bendigo’s median house price is $530,000, with annual growth of -7.91% and houses selling in as few as 16 days, signalling a sharp repricing but resilient turnover. Units show a wide spread, from $485,000 to $405,000, with quarterly moves of -5.8% for houses and +0.6% for units. Demand is led by investors and owner-occupiers seeking three- and four-bedroom homes under $650,000, underpinned by population shifts from Melbourne and gross rental yields of 4.58% for houses and 5.11% for units. The wider Bendigo region has tight vacancies and about $1.2 billion of projects commencing in 2026, though planned supply of 196 dwellings, 213 units and 28 townhouses appears modest against quarterly sales volumes of 412 houses and 79 units. Negative annual house growth remains the key constraint, with unit yields providing a relative counterpoint.
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PropCred Estimated Value
Comparable Sales: a 3-bed house on 512m² sold for $625,100; a renovated 3-bed home on 545m² sold for $500,000 | Property Price Band: $500,000–$600,000 | Value Drivers: internal condition, compact land, three-bed layout
Bedrooms
3
Bathroom
2
Parking
1
Land
265m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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