27 Magazine Boulevard, Golden Square VIC 3555
27 Magazine Boulevard, Golden Square VIC 3555
Detached house on a generous block | Established Golden Square street | Mid-1980s build character | Strong investor and first-home buyer appeal | Residential zoning with modern telecoms
This property sits within a well-established pocket of Golden Square where detached housing on substantial lots is the norm, not the exception. The mid-1980s construction places it in a sweet spot for buyers wanting solid brick-and-tile build quality without the maintenance burden of period homes. Its configuration suits first-home buyers seeking a foothold near Bendigo, downsizers wanting single-level practicality, and investors chasing the suburb’s steady rental demand. The land component is the real edge here—816 square metres gives future flexibility for extensions, a shed, or landscaping, which newer infill stock rarely offers. Street appeal is typical for the area, but the residential zoning and quiet street character make it a dependable, low-risk purchase that holds its value through market cycles.
The property’s value may be shaped by how its interior condition compares to similar stock in the suburb, as buyers here respond strongly to updated kitchens and bathrooms. Its age might mean older wiring, plumbing, or insulation, which could factor into renovation budgets. The land size may support subdivision potential, though that depends on council regulations and access. Presentation at inspection will likely influence final price more than any single feature, given the area’s established housing stock. Buyers should weigh the cost of any modernisation against the benefit of securing a large block in a location that rarely sees new land releases.
|| Comparable Sales: 43 Magazine Boulevard sold at $607,000 for a 3-bed, 2-bath on 816m²; 2/277 King Street sold at $300,000 six years ago for a 4-bed unit | Property Price Band: $580,000–$680,000 | Value Drivers: land size, interior condition, street position
Detailed Independent Property Report prepared by PropCred Analyst team for 27 Magazine Boulevard, Golden Square VIC 3555
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
1
URL has been copied successfully!
Market Insight
Golden Square, a mature Bendigo suburb, is seeing demand driven by professionals aged 30–39, mostly childless couples; owner-occupation is high at 62.8%. Houses hold a median of $575,000, up 5.5% quarterly, though annual growth varies sharply by source—from 7.6% to a 0.9% decline. Units are stronger: $464,000, up 13% quarterly and 11.8–15.6% annually. Five-year gains are solid: houses +54.3%, units +60.0%. Houses sell in 25–38 days, units in 24–31 days. Gross yields are moderate: houses 4.3–4.6%, units 4.7–5.1%. Rents sit at $460–$500 for houses, $400–$460 for units. Key risk is market volatility and interest-rate sensitivity across the Bendigo region.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 43 Magazine Boulevard sold at $607,000 for a 3-bed, 2-bath on 816m²; 2/277 King Street sold at $300,000 six years ago for a 4-bed unit | Property Price Band: $580,000–$680,000 | Value Drivers: land size, interior condition, street position
Bedrooms
3
Bathroom
2
Parking
2
Land
425m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!