22 Moray Cres, North Bendigo VIC 3550

22 Moray Cres, North Bendigo VIC 3550
Renovated 1960s house | 3-bed, 1-bath | 524mยฒ lot | standout kitchen | no overlays The propertyโ€™s strongest buying case rests on its recently completed renovation, particularly the kitchen, which sets it apart from most stock on Moray Crescent. With no bushfire, flood, or heritage overlays and a 524mยฒ lot, the house offers a clean, low-risk entry into a residential zone where comparable properties lack similar finish. Ducted heating and cooling, plus the carport, make it functional for a family or investor seeking a turnkey holding. It serves best a buyer who values immediate move-in condition over land banking or further development potential. The primary risk is the single bathroom and toilet configuration, which may limit appeal to families or tenants expecting a second bathroom. Lot size is modest for the street, and building coverage at 25% leaves limited room for extension without planning. The estimated value sits below the current asking range, so negotiating toward the lower end is commercially sensible. For an investor, the $495 per week rental estimate yields a reasonable return if purchased near the valuation line. Hold as a low-maintenance residential property, or exit within five years as the renovation premium holds.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 22 Moray Cres, North Bendigo VIC 3550
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Market Insight:

North Bendigo presents a compelling entry point into the Bendigo market, attracting a mix of young professionals, owner-occupiers, and investors. Demand is strongest for family-oriented houses, driven by a significant regional undersupply and substantial planned infrastructure investment. This has fueled robust capital growth, with houses transacting efficiently. Future price momentum is supported by the acute housing shortage, though the unit market shows more constrained activity.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

1

Land

524mยฒ

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