66 Raglan Street, White Hills VIC 3550

Large block in White Hills | older home with renovation scope | flexible floorplan | land value outweighs dwelling | suited to value-add buyers This property offers a rare combination of a 1,033-square-metre block in an established Bendigo suburb with a modest older home that does not command a premium for its finishes. For a buyer willing to invest in upgrades, the house provides a functional three-bedroom layout with a large enclosed rear verandah, and the land itself carries the bulk of the value. It is best suited to renovators, first-home buyers seeking to build equity through improvement, or investors looking for a holding with future subdivision potential, subject to council approval. The large block and older construction mean the property is priced for its land, not its presentation, which gives a buyer negotiating leverage. The main risk is the condition of the 1940s–1950s weatherboard home, which likely requires significant updating to electrical, plumbing, and insulation standards, and the bathroom count may be inconsistent across records, so a building inspection is essential. Renovation costs could run high, but the opportunity lies in adding value through a kitchen and bathroom refresh, reconfiguring the dining room as a third bedroom, or extending into the rear verandah. The property should be held as a long-term land bank, with the dwelling providing rental income or owner-occupier accommodation while the site appreciates.