54 Park Road
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About this property
Looking for your next renovation project with the opportunity to create something special? Positioned on a prominent main road in the heart of Maryborough, this former corner milk bar with attached four-bedroom residence presents a rare opportunity for renovators, builders, investors and developers seeking a property with genuine upside. Set on residentially zoned land and packed with original character, the property offers the foundations for a substantial restoration, renovation or redevelopment project (STCA). Opportunities to secure a property of this scale and position are becoming increasingly difficult to find within one of regional Victoria's most affordable and well-connected communities. Conveniently located opposite Lake Victoria and nearby sporting facilities, the property is within walking distance of schools, the new Maryborough Hospital, shopping precincts, cafés, public transport and the town centre. Inside, many original features remain, including Baltic pine floorboards, high ceilings, generous room proportions and the original milk bar shopfront complete with shelving and refrigeration units that reflect the property's history. The residence offers four bedrooms, a large country-style kitchen with a wood stove and excellent storage, a formal dining room, bathroom facilities and multiple sheds and outbuildings positioned at the rear of the property. Property Features Residential zoning Former milk bar with attached residence Four-bedroom home Original Baltic pine flooring High ceilings and spacious rooms Large kitchen with wood stove Formal dining room Original shopfront with shelving and refrigeration units Multiple sheds and storage structures Prominent main road location Walking distance to schools, sporting facilities and town amenities Significant renovation, restoration or redevelopment potential (STCA) Important Information This property has been vacant for many years and is being offered with complete transparency regarding its condition. The home requires extensive renovation and repair works, including but not limited to: Restumping Termite (white ant) repairs Roof and guttering attention Reconnection of power, water and gas services Internal refurbishment throughout General repairs associated with long-term vacancy Buyers should anticipate additional work and conduct their own due diligence and inspections. The property may contain asbestos materials consistent with homes of this era. Please note that power, water and gas are available to the property but are not currently connected, and no appliances are operational. Why This Property Stands Out Prime central Maryborough location Excellent exposure on a main road Residential zoning with future potential Character features ready for restoration Strong opportunity to add value Walkable access to major amenities Ideal for experienced renovators, builders and developers For buyers with vision, determination and realistic expectations, this property represents an exciting opportunity to breathe new life into a well-positioned Maryborough landmark. Bring your imagination, your plans and your toolbox. Contact Real Estate Kate today to arrange your inspection.
Property Details
- Property Type
- house
- Listing Type
- For Sale
- Bedrooms
- 4
- Bathrooms
- 1
- Parking
- 2
- Land Area
- 700 m²
- Listed
- 3 months ago
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Neighbourhood
Living in Maryborough
This 4-bedroom house in Maryborough, VIC 3465 sits within reach of public transport, local shops and nearby schools. It is listed 0% above the $399,000 median of 67 comparable houseswithin 5 km.
Schools near Maryborough
- Maryborough Education Centrecombined · U, Prep-12 · CoEd
- Highview Collegesecondary · 7-12 · CoEd
What's nearby
- Nightingale St/Park Rd (bus) — 485 m away
- GFC Wood Oven Bakery — 560 m away
- Unnamed — 456 m away
- Unnamed — 624 m away
- Unnamed — 829 m away
Maryborough at a glance
Full suburb profile- Population
- 8,160
- Median age
- 51
- Household income
- $876/wk
- Median rent
- $240/wk
- Median mortgage
- $1,000/mo
Source: ABS Census.
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Suburb market
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Maryborough price trend
Median sold · House 4 bed
Compound growth +8.2% / yr over 4 yrs
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1 price change recorded for this property
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