253 Mulberry Lane, Lockwood South VIC 3551
253 Mulberry Lane, Lockwood South VIC 3551
4 bedrooms, 2 bathrooms, 2-car garage. 46,208 m² land. Built 2007. Two living areas. Single-story detached house.
This property is exceptionally rare for Lockwood South, combining a modern family home with a substantial 4.6-hectare landholding. The 2007 build offers spacious interiors and wide hallways, a significant advantage over older rural stock. It is best suited for buyers seeking a rural-lifestyle property with genuine space, privacy, and potential for agriculture or future subdivision, all without being isolated from Bendigo. The unique configuration positions it as a standout offering in a suburb with very limited listings.
The large land size may limit the pool of buyers compared to standard residential lots, which could affect how quickly it sells. Its value is heavily influenced by the land’s zoning and development potential, which should be verified with the local council. The property’s semi-rural location might be a consideration for those prioritising proximity to urban amenities. Pricing will likely be supported by the land’s scarcity rather than direct comparables.
Detailed Independent Property Report prepared by PropCred Analyst team for 253 Mulberry Lane, Lockwood South VIC 3551
Checks found:
Value Risk
✕
2
Liquidity Risk
✓
Planning Risk
!
1
Income Risk
!
1
Execution Risk
✓
Market Insight
Lockwood South leverages its proximity to historic goldfields architecture, offering residents a highly targeted lifestyle and infrastructure advantage. First-home buyers priced out of metropolitan centers are aggressively driving the housing demand here to secure a foothold in this specific postcode. Capital growth has normalized after recent peaks, but exceptional rental yields make it a prime target for cash-flow investors.
PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
4.62 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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