25 Webster Street, Ironbark VIC 3550
25 Webster Street, Ironbark VIC 3550
Large 1910 character home on 779m² | Elevated views over Bendigo | Five bedrooms, four living zones | Premium period stock in a modest suburb
This house holds genuine rarity for Ironbark. A 1910-built residence with 293m² of internal space, five bedrooms, and four distinct living areas is not typical suburban stock—it is character-led housing that would sit comfortably in inner Bendigo’s prestige market. The elevated position with south-facing views, combined with original details like pressed metal ceilings, polished timber floors, and open fireplaces, gives it a presence that standard family homes in the area lack. The fully fenced 779m² block with pool and secure parking adds practical family appeal. This property best suits buyers seeking a large period home with immediate move-in quality, proximity to schools and the CBD, and the space to accommodate extended family or home-based work.
The asking price sits well above what most Ironbark houses achieve, which may narrow the buyer pool to those specifically seeking this scale and character rather than general suburb demand. The 1910 construction means ongoing maintenance of heritage elements like sash windows and original fireplaces should be anticipated. Rental estimates vary widely, suggesting the market is uncertain about achievable income, so an investor would need to weigh the premium price against potentially softer yield than standard stock. The large internal footprint and multiple living zones may appeal more to owner-occupiers than tenants. Planning checks show no overlays, which keeps future flexibility open, but the house’s character status likely limits major alterations without council consideration.
Detailed Independent Property Report prepared by PropCred Analyst team for 25 Webster Street, Ironbark VIC 3550
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Ironbark, in Victoria’s Bendigo region, is a low-activity market shaped by oversupply. Demand is driven mainly by a young professional demographic seeking affordable entry. House prices range broadly: medians from $368,333 to $500,000, with annual growth of 4.0–5.2%. Aggregate median is far below the state average, and sales volume is thin at around 35 per year. Days on market split sharply, from 23 days average to 150 days for three-bedroom houses, signalling a two-speed market. Unit growth is inconsistent, with one compound measure down 21.6%. Gross yields of 5.3% and median house rents of about $475 per week support investor interest, yet demand–supply ratios indicate supply outweighs demand, limiting organic capital growth. Rental return and affordability are the only supports; no near-term growth driver is apparent, and stock overhang remains the key constraint.
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PropCred Estimated Value
Comparable Sales: 25 Victoria St sold at $1.52M; 35 Webster St sold at $810K | Property Price Band: $1.4M–$1.5M | Value Drivers: period condition, land size, elevated views, multiple living zones
Bedrooms
5
Bathroom
2
Parking
2
Land
779m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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