Positioned on an expansive allotment of approximately 4,122sqm in the peaceful and increasingly sought-after pocket of Sailors Gully, this unique property presents an incredibly rare opportunity to secure two separately metred dwellings on one title, delivering exceptional flexibility for extended families, investors, multigenerational living or buyers seeking additional income potential. Tucked away within a quiet semi-rural setting surrounded by established trees and open space, 33 & 33A Lethebys Road offers the kind of versatility and lifestyle opportunity that is becoming increasingly difficult to find.

From the moment you arrive, the property immediately creates a sense of space and privacy. The sweeping driveway, substantial landholding and wide-open surrounds establish a relaxed country atmosphere while still remaining conveniently connected to Bendigo and surrounding amenities. The main residence sits proudly toward the front of the allotment, complemented by extensive shedding, car accommodation and a fully self-contained secondary dwelling positioned privately toward the rear of the property.

The primary home offers generous proportions and comfortable family living throughout, with a floorplan designed to maximise both natural light and functionality. Polished timber flooring, oversized windows and high ceilings create a warm and welcoming atmosphere from the moment you step inside, while the expansive living room provides an impressive central gathering space for everyday family life. Filled with natural light and enjoying beautiful outlooks across the surrounding greenery, this oversized living zone offers more than enough room for multiple living arrangements while maintaining a relaxed and inviting feel.

The kitchen and dining area continue the home's practical family-focused layout, delivering excellent bench space, substantial cabinetry, quality appliances and room for casual meals or larger gatherings. Large surrounding windows frame leafy outlooks and flood the space with sunlight throughout the day, while the direct connection to the outdoor entertaining area enhances the home's indoor-outdoor flow. Whether hosting family celebrations or enjoying a quiet morning coffee overlooking the property, the setting feels peaceful, private and wonderfully connected to the outdoors.

Accommodation within the main residence is equally impressive, comprising three generously sized bedrooms, all positioned separately from the main living zones for privacy and comfort. The spacious main bedroom includes its own ensuite and built-in robe, while the additional bedrooms also offer built-in storage and excellent proportions for growing families or guests. The central bathroom is well-appointed with a separate bath, shower and vanity, while the practical laundry provides additional storage and external access for everyday convenience.

Covered outdoor entertaining areas further enhance the lifestyle appeal of the home, creating the perfect place to gather with family and friends while overlooking the expansive backyard and surrounding open space. The substantial allotment provides endless room for children to explore, gardening enthusiasts to create, or buyers seeking additional shedding, hobby space or room for animals in a peaceful semi-rural environment.

What truly sets this property apart is the inclusion of the fully self-contained second dwelling at 33A. Thoughtfully positioned for privacy and independence, the secondary residence provides outstanding flexibility for extended family members, adult children, guests, or rental accommodation potential. Complete with its own entrance, separate metering and accessible ramp entry, the dwelling offers comfortable low-maintenance living with two bedrooms, an open-plan kitchen, dining and living area, split system heating and cooling, bathroom facilities and a private deck overlooking the surrounding greenery. The layout creates a warm and welcoming environment while maintaining excellent separation from the main residence.

Then there's the land itself. At 4,122 square metres, this is no ordinary allotment. The sheer size of the block opens the door to future subdivision and development, giving the next owner the ability to unlock even greater long-term value. Land of this scale with income already flowing and development upside still on the table is something that simply does not come around very often.

Beyond the lifestyle on offer, the investment credentials here are seriously impressive and genuinely hard to find in today's market. With two separate dwellings on the one title, this property delivers a combined rental income of $960 per week and a yield of 5.8%, a figure savvy investor will immediately recognise as exceptional. Whether you lease both and enjoy a strong return from day one, or occupy one and let the other offset your mortgage, the flexibility here is a genuine point of difference.

Despite its peaceful setting, the location remains exceptionally convenient, just moments from Eaglehawk North Primary School and minutes from Lake Neangar, walking tracks, playgrounds and sporting facilities. Eaglehawk's shopping precinct, supermarkets, cafes and everyday amenities are all close by, while Bendigo Health and the Bendigo CBD are only a short drive away. Combining dual occupancy flexibility, substantial land size and lifestyle appeal on one title, this is a rare and highly versatile opportunity.

For the investor looking to strengthen their portfolio, the owner occupier wanting to make their money work harder, or the developer with an eye for opportunity, this property ticks every box and then some.