5/4 Delbridge Street, Golden Square VIC 3555
5/4 Delbridge Street, Golden Square VIC 3555
3-bed 2-bath 2-car | compact 186 sqm | low-maintenance unit | close to hospital and CBD | quiet private complex
The three-bedroom, two-bathroom layout with two car spaces is rarely offered in this pocket, where most surrounding stock is built as two-bedroom units. That extra bedroom and bathroom open the buyer pool to young families and owner-occupiers who have outgrown entry-level product. The compact 186 square metre parcel keeps maintenance low and places the property moments from St John of God Hospital and roughly five minutes from the Bendigo CBD. The complex is marketed as quiet and private, which strengthens appeal to downsizers and investors. Overall, this is a convenience-driven, low-maintenance purchase.
The compact land size may limit price growth relative to detached houses, so the disclosure documents and building inspection should be reviewed closely. Shared amenities might add lifestyle value, but only if well managed and genuinely available to this unit. Internal finishes and overall presentation will likely weigh most on the final outcome.
>> Comparable Sales: 5/18 Delbridge St sold $395,000; 4/18 Delbridge Street sold $329,000 | Property Price Band: $500K-$600K | Value Drivers: three-bed layout, condition and presentation, location
Detailed Independent Property Report prepared by PropCred Analyst team for 5/4 Delbridge Street, Golden Square VIC 3555
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
1
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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.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
186m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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