89 Short Street Bendigo VIC 3550

Heritage-listed 1870 residence | 1441m² land in Cathedral Precinct | 4-5 bedrooms | General Residential Zone | Restoration opportunity This property presents a rare, character-rich holding on a substantial block within Bendigo’s established arts precinct, zoned for residential density. Its heritage status and scale cater specifically to a buyer seeking a long-term restoration project or a family compound, offering a tangible point of difference from typical suburban stock. The absence of bushfire or flood overlays removes significant development constraints. The primary decision hinges on committing capital to heritage restoration against a backdrop of limited recent comparable sales data. The commercial logic involves enhancing the property’s value through sympathetic renovation while benefiting from its intrinsic scarcity. Proceed with a clear budget for certified heritage works and hold for the long term to realise its unique potential. Our tailored report would verify its real market valuation against precise precinct sales and detail heritage compliance costs. *Comparable sales median: $682,500 (Bendigo, Jan 2026)* This indicates the subject property’s estimated value sits above the general suburb median, reflecting its larger land component and heritage premium.