29 Bowen Street, Kyneton VIC 3444

Character Victorian with rear renovation | 392sqm manageable block | Bowen Street lifestyle location | Recently resold and repositioned. The buying case rests on the combination of period character at the front and a functional modern extension at the rear, which is rare in Kyneton’s tightly held inner streets. The 392sqm land size is practical, not speculative, and the renovated kitchen, bathroom, and laundry mean no immediate capital outlay. This property suits an owner-occupier seeking a lock-and-leave lifestyle home with heritage appeal near town amenities, rather than a renovator or land banker. The main risk is the price step: last sold in June 2024 for $790,000, now guided $840,000–$895,000, a 6–13% increase within months. That compression leaves limited short-term equity growth and exposes the buyer to a flat or correcting market. The single bathroom and one car space restrict appeal to families or investors. The opportunity is that a clean, period-updated home on a low-maintenance block in a premium lifestyle town holds value steadily over a five-year hold. Use this property as a long-term residence, not a flip.