2 Longmore Street, Kangaroo Flat VIC 3555
2 Longmore Street, Kangaroo Flat VIC 3555
Detached house on a large block | established street with mixed original and updated homes | strong rental demand | land value likely a key driver | suited to families and investors
This property sits in a pocket where the land itself carries much of the value, and that is its quiet strength. The surrounding houses are predominantly single-level detached homes on generous allotments, many with sheds, established gardens, and room for extension or redevelopment. Some have been modernised with updated kitchens, timber flooring, and new bathrooms, while others retain an original 1960s character that offers scope for a buyer to add value over time. For a family wanting space and the option to renovate gradually, or an investor seeking reliable rental income from a well-located house, this type of property serves both needs without the premium attached to newer builds. The location near retail centres and public transport adds everyday convenience, and the street itself feels settled rather than transient, which tends to support steady demand.
What may materially affect the price here is the condition and presentation of the house itself, since the range across the street is wide. A well-maintained or updated interior could push the value toward the higher end of the local band, while an original interior might require a discount to account for updating costs. The land size and the presence of a shed or workshop also matter, as buyers in this area often weigh the potential for future extension against the immediate liveability of the home. Rental return is another factor to consider, as the area shows consistent tenant demand for three-bedroom houses with parking, which may support the price if you plan to hold and lease rather than occupy.
|| Comparable Sales: 4 Longmore Street sold around $401k; 13 Longmore Street listed near $600k | Property Price Band: $400k–$600k | Value Drivers: land size, condition and renovation level, rental income potential
Detailed Independent Property Report prepared by PropCred Analyst team for 2 Longmore Street, Kangaroo Flat VIC 3555
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
2
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Market Insight
Kangaroo Flat, in greater Bendigo, is a stable family and retiree market where detached homes dominate and outright ownership is common. Demand is driven by singles aged 60-plus and higher-income labourers, supported by Calder Highway access, V/Line rail, and local schools. House prices rose 9.74% annually to a $574,500 median, with 262 sales and a 26-day typical listing; units grew faster at 14.3% to $467,500. Gross yields are modest at 4.63% for houses and 5.15% for units. The broader Bendigo region’s $573.5M residential development pipeline and 14.1% rise in sales underpin future growth. However, affordability is stretched against local earnings, unit supply is tightening after a 19.4% sales drop, and a 0.4% house price dip in another dataset signals interest-rate sensitivity.
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PropCred Estimated Value
Comparable Sales: 4 Longmore Street sold around $401k; 13 Longmore Street listed near $600k | Property Price Band: $400k–$600k | Value Drivers: land size, condition and renovation level, rental income potential
Bedrooms
4
Bathroom
2
Parking
2
Land
844m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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