3 Campaspe Drive
141 days on Market

3 Campaspe Drive,
Axedale, Vic

house
First listed on 19/09/2024
Property Overview
Bedrooms4
Bathrooms2
Car Spaces3
Current Asking Price

$720K

Cash Required (10% Deposit)

$134,465

Agent
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Original Listing

About the property

Discover a spacious and versatile property at 3 Campaspe Drive, Axedale. This expansive home sits on a massive 3953m block, with an additional 4000m under long-term lease. Ideal for families and entertaining, it features 4 bedrooms, 2 bathrooms, multiple living areas, and a screened alfresco space. Energy-efficient with ceiling fans, split systems, and a 2kW solar system, it's all about comfort year-round. With subdivision potential (STCA) and convenient access to Bendigo and local amenities, this property offers future growth opportunities.

  • Check the condition and quality of the master suite, especially the walk-in robe and ensuite spa.
  • Verify the functionality of built-in robes in additional bedrooms.
  • Inspect the flexibility and layout of the fourth bedroom/rumpus room.
  • Evaluate the condition of the alfresco area for year-round use.
  • Ensure ceiling fans and split systems function correctly.
  • Confirm the functionality of the wood heater.
  • Examine the solar system setup and check energy output.
  • Review the layout and space of formal and informal living areas.
  • Assess the 3-car carport for space and storage utility.
  • Verify subdivision potential and understand which approvals are needed (STCA).
  • Explore the surrounding neighborhood for access to shops, schools, and public transport.
  • Check access to recreational areas like Campaspe River and OKeefe Rail Trail.

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Location Opportunity

City of Greater Bendigo statistics

Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.

121,470

2021 Population

73

Suburbs

Demand

Employment

Em

New project

Pr

lifestyle

Li

population

Po

Supply

New Supply

Su

Opportunity

Opportunity

Op

Em

Employment Industries
Average

Health Care and Social Assistance - 18.0%

Retail Trade - 12.0%

Education and Training - 9.0%

Manufacturing - 8.0%

Others - 53.0%

income growth
High

Average Income

COMMUTE TIME

25mins

13kms

Good

Pr

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Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.

Spent Per Capita

$33K
1

Thales Australia

Thales Australias new manufacturing facility in Bendigo will produce advanced munitions and precisionguided weapons

ManufacturingUnder construction
$30M
2

McCain Foods

McCain Foods new facility in Bendigo will produce frozen food products including french fries and vegetables

ManufacturingConfirmed
$40M
3

Downer Group

Downer Group is considering a new engineering and manufacturing facility in Bendigo to support its rail and infrastructure projects

ManufacturingUnder consideration
$25M
4

Coliban Water

Upgrade of the Bendigo Water Treatment Plant to improve water quality and increase capacity

Energy, Electricity, Gas & WaterUnder construction
$30M
5

Pacific Hydro

Construction of a 50MW solar farm in Kangaroo Flat Victoria

Energy, Electricity, Gas & WaterConfirmed
$50M
6

Australian Gas Networks

Upgrade of the gas network in Bendigo to improve reliability and capacity

Energy, Electricity, Gas & WaterUnder consideration
$25M
7

Kirkland Lake Gold

The Woodcutters Mine is a gold mine located near Bendigo Victoria The mine is expected to produce 50000 ounces of gold per annum

MiningConfirmed
$30M
8

Bendigo Mining

The Bendigo Gold Mine is a gold mine located near Bendigo Victoria The mine is expected to produce 70000 ounces of gold per annum

MiningUnder Construction
$50M
9

Maldon Resources

The Maldon Gold Mine is a gold mine located near Maldon Victoria The mine is expected to produce 20000 ounces of gold per annum

MiningUnder consideration
$20M
10

Victorian Government

A major redevelopment of the Bendigo Hospital including a new hospital building and upgraded facilities

Community & Other servicesComplete
$630M
11

City of Greater Bendigo

An expansion of the Bendigo Stadium including new sports facilities and amenities

Community & Other servicesUnder Construction
$25M
12

City of Greater Bendigo

A new community centre for Kangaroo Flat including meeting rooms sports facilities and amenities

Community & Other servicesConfirmed
$10M
13

Bendigo Kangan Institute

A major redevelopment of the Bendigo TAFE campus including new educational facilities and amenities

Community & Other servicesUnder Consideration
$50M
14

Bendigo Health

The Mental Health and Rehabilitation Facility will provide a range of services including inpatient and outpatient care as well as rehabilitation programs The facility will be designed to provide a safe and supportive environment for patients

HealthUnder Construction
$30M
15

St John of God Health Care

The St John of God Bendigo Hospital Expansion will increase the hospitals capacity to provide highquality care to the community The expansion will include the construction of new operating theatres as well as the refurbishment of existing facilities

HealthConfirmed
$25M
16

City of Greater Bendigo

Upgrade of the Bendigo Airport to improve safety and efficiency

Transport & StorageUnder construction
$30M
17

Public Transport Victoria

Upgrade of the Bendigo Railway Station to improve accessibility and amenities

Transport & StorageConfirmed
$25M
18

Private Developer

Proposed freight logistics centre to improve supply chain efficiency

Transport & StorageUnder consideration
$50M
19

ISPT

A major redevelopment of the Bendigo Marketplace featuring new retail spaces dining precincts and entertainment areas

Mixed useUnder construction
$100M
20

The Bendigo Pty Ltd

A mixeduse development featuring residential apartments retail spaces and a hotel

Mixed useConfirmed
$50M
21

City of Greater Bendigo

A proposed arts precinct featuring a new art gallery performance spaces and retail areas

Mixed useUnder consideration
$30M
22

Private Developer

The Bendigo Business Park is a 50 million development that will provide a range of commercial and industrial spaces supporting the growth of local businesses

Finance, Property & Business servicesConfirmed
$50M
23

La Trobe University

The La Trobe University Bendigo Campus Redevelopment is a proposed 100 million project that will upgrade the universitys facilities and support the growth of higher education in the region

Finance, Property & Business servicesUnder Consideration
$100M
24

Bendigo Stadium

A 4star hotel with 100 rooms conference facilities and a restaurant located adjacent to the Bendigo Stadium

AccommodationUnder construction
$25M
25

All Seasons Resorts

A 45star resort with 150 rooms a restaurant bar and conference facilities located in the heart of Bendigo

AccommodationConfirmed
$30M
26

Quest Apartment Hotels

A 4star apartment hotel with 80 rooms located in the heart of Bendigos CBD

AccommodationComplete
$22M
27

Victorian Government

A major hospital redevelopment project that included the construction of a new hospital building and the refurbishment of existing facilities

TradeComplete
$630M
28

Private Developer

A new industrial estate development in Kangaroo Flat featuring a range of warehouses and office spaces

TradeConfirmed
$50M
29

Victorian Government

A proposed education precinct in Bendigo featuring a range of educational facilities and institutions

TradeUnder Consideration
$100M
30

Bendigo Health

A telecommunications upgrade for the Bendigo Hospital including a new phone system and network infrastructure

CommunicationComplete
$25M
31

Telstra

An upgrade to the Telstra exchange in Bendigo including new network infrastructure and equipment

CommunicationUnder Construction
$30M
32

NBN Co

The rollout of the NBN fibre network in Bendigo including the installation of new fibre optic cables and network infrastructure

CommunicationConfirmed
$50M
33

Bendigo Regional Livestock Exchange

Upgrade of the Bendigo Sheep and Cattle Market to improve facilities and increase efficiency

Agriculture, Forestry & FishingUnder construction
$25M
34

Goulburn-Murray Water

Development of a new irrigation scheme to support agricultural growth in the Kangaroo Flat area

Agriculture, Forestry & FishingConfirmed
$30M
35

City of Greater Bendigo

Development of a new food and fibre precinct to support the growth of the agricultural sector in the region

Agriculture, Forestry & FishingUnder consideration
$40M
36

Public Transport Victoria

An upgrade to the Kangaroo Flat rail line including new tracks and improved signalling

GovernmentConfirmed
$50M
37

Victorian Government

A plan to upgrade and expand education facilities in Bendigo including new schools and improved infrastructure

GovernmentUnder Consideration
$100M

Li

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Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.

Local Services

Very Good

1

Longlea/McIvor Hwy

Bus Stop

4km
2

Woolworths

Supermarket

10km
3

Woolworths

Supermarket

11km
4

Bunnings

Shopping Centre

10km
5

Bunnings

Shopping Centre

18km
6

Bendigo Airport

Airport

9km
7

Shepparton Airport

Airport

93km
8

Bendigo Hospital, The

Hospital

13km
9

Bendigo Health (Anne Caudle)

Hospital

13km
10

Axedale Primary School

School

9km
11

St Francis of the Fields School

School

10km
12

Strathfieldsaye Primary School

School

10km
13

La Trobe University Bendigo Campus

University

12km
14

Bendigo TAFE

University

13km

Po

Population Growth

Average Population

SUPPLY vs POPULATION
Under Supply

Projected Population Growth

5.8%

projected

for 2025 to 2027

Very High

Su

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Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.

Recent New Home Construction

3.8%

High
SALES PRICE GROWTH

Monthly % Change in Median House Prices (Prev. Quarter)

RENTAL YIELD
Very Good

Average Rental Yield

VACANCY RATE
Very Good

Average Vacancy Rate

Days of Supply
Poor

Average Days of Supply

Owner Occupier Level

No data available

VENDOR DISCOUNTING
Poor

Average Population

Pricing

Sold Price

Asking Price

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