316 Russell Street, Buninyong, Vic 3357

$500,000 - $550,000

House
Type
2
Bedrooms
1
Bathrooms
1
Parkings
893 mΒ²
Area

Published on Thursday, September 10, 2026 ( See property details for 316 Russell Street, Buninyong, Vic 3357)

$500,000 - $550,000

Stu Brien Principal / Licenced Real Estate Agent
  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile character-filled home on a large dual-access block in Buninyong, offering numerous development and renovation opportunities.

🏑 Property Highlights

  • Generous 893sqm block with dual street access offering development potential
  • Light-filled living room opening to a wraparound patio and established gardens
  • Original kitchen with character cabinetry, gas cooktop, and freestanding oven
  • Two spacious bedrooms serviced by a full bathroom with bathtub and separate shower
  • Period features including timber skirting boards and ornate cornices
  • Flexible options to restore, renovate, extend, rebuild, or subdivide (STCA)

✨ Key Features

  • Outdoor Area
  • Built-in Robes
  • Ceiling Fans
  • Open-Plan Living
  • Water tank
  • Shed
  • Garage
  • Fully fenced
  • Waterfront / Views
  • Pet-Friendly
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316 Russell Street
Buninyong, VIC 3357
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Vertical aerial view β€” 316 Russell Street
316 Russell Street — Vertical Aerial  •  Buninyong, VIC 3357  •  Nearmap © 2026

Buninyong is a charming historic town renowned for its community spirit, scenic surroundings, and convenient access to Ballarat. It offers a peaceful lifestyle with excellent local amenities, parks, and schools, making it ideal for families and investors seeking growth potential. The area’s heritage charm combined with future development prospects makes it a highly desirable location for a variety of buyers.

What are the potential uses for this large dual-access block?
The property offers options to renovate the existing home, extend, build a new residence, or subdivide the land into two or three lots, subject to council approval (STCA).
Is the property suitable for development or subdivision?
Yes, the generous land size and dual street access provide potential for development or subdivision, pending council approval (STCA).
What condition is the home currently in?
The home is in original condition with character features, offering a solid foundation for renovation or restoration to its former glory.
Are there any restrictions or approvals needed for subdivision or development?
Yes, any subdivision or development would require approval from the local council and must comply with zoning regulations and planning schemes.
What are the key features of the home’s interior?
The home features two bedrooms, a full bathroom with bathtub and shower, a character-filled kitchen, and period details such as timber skirting boards and ornate cornices.
Are there any existing planning restrictions or easements on the property that could affect development or subdivision plans? What are the potential costs involved in renovating or extending the home? Has the property been affected by any flooding or bushfire risks in the past? Are there any upcoming council or community plans that could impact the property or its value? Is there any existing pest or building inspection report available for review?

316 Russell Street, Buninyong, Vic 3357 - More Details

$500,000 - $550,000

Set on a generous approximately 893sqm block with the added convenience of dual access from both Russell and Elizabeth Streets, this brick veneer home presents a genuine opportunity for buyers looking for a project with real potential. The land size also favours potential dual development subject to council approval.

Behind the covered front verandah, the home unfolds into a light-filled living room, with a seperate doorways opening out to the wraparound patio and established gardens beyond. A separate dining area and adjoining kitchen with breakfast nook form the heart of the home, retaining original cabinetry, gas cooktop and freestanding oven, ready for a future refresh.

Two well-proportioned bedrooms are serviced by a single bathroom featuring a full-length bathtub, seperate shower and vanity, along with a functional laundry positioned conveniently between the kitchen and bedroom areas. Character details throughout, including timber skirting boards, ornate cornices and ceiling fans, hint at the home's easy-care bones beneath the finishes.

Outside, a single carport and additional storage shed sit alongside a sprawling, low-maintenance lawn, offering plenty of room to garden, extend or simply enjoy the space this elevated Buninyong block provides.

The options here are plentiful. Restore this home to its former mid century glory, renovate and extend for a growing family, modernise and rent out or knock it down and build your dream forever home complete with shed with it's own access (STA) or subdivide the block into 2 or 3 (STA) and resell to the popular downsizer market.

Key Features
* Generous 893sqm block (approx) with dual street access from both Russell and Elizabeth Streets, offering potential for dual occupancy or development (STCAl)
* Light-filled living room with separate doorway opening to a wraparound patio and established gardens
* Original kitchen and dining area with breakfast nook, retaining character cabinetry, gas cooktop and freestanding oven
* Two well-proportioned bedrooms serviced by a single bathroom with full-length bathtub, separate shower and vanity, plus a conveniently positioned laundry
* Period character details throughout, including timber skirting boards, ornate cornices and ceiling fans
* Single carport, storage shed and sprawling low-maintenance lawn, with multiple future options - renovate, extend, rent, rebuild or subdivide (STA)
Type
House
Bedrooms
2
Bathrooms
1
Parkings
1
Area
893 mΒ²

Price guide

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