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Overview
Situated in the heart of Bayswater on a substantial approximately 976 square metre rectangular block, this classic home offers a rare opportunity to renovate, redevelop or reimagine the site with potential for a multi-dwelling project, subject to council approval.
The existing residence combines timeless character with practical living, featuring three bedrooms with built-in robes and a modernised bathroom complemented by a separate toilet, making it suitable for rental income while planning for future development.
The home enjoys a well-considered layout with a lounge room opening onto the front porch, and a combined kitchen and meals area flowing through to the family room, which extends via sliding doors to an alfresco zone and a lush backyard. This setup promotes indoor-outdoor connectivity and enhances family gathering spaces.
- New flooring throughout enhances the interiors with a fresh and inviting ambiance.
- Comfort is ensured with a split system for heating and air conditioning, high ceilings that contribute to a spacious feel, and functional additions such as a side driveway and a single garage.
- Its location promotes convenience, within walking distance of multiple schools including Bayswater Primary and Secondary, shopping and transport hubs like Bayswater Village and Station, as well as recreational reserves and parks. Easy access to major roads like EastLink and Westfield Knox broadens lifestyle and commuting options.
This property is well suited to buyers seeking a strategic and versatile opportunity in a desirable suburb—ideal for families, investors, or developers aiming to capitalize on the size and location to tailor the site to their needs.
Local Market Insights
In Bayswater, Quiet Listings observed 6 new houses entering the market over the last 30 days, down from 15 during the previous 30-day period, with an average advertised asking price of $1,055,833. The property type mix of listed properties is predominantly Units at 37%, followed by houses (32%), and townhouses (26%). The most active agency for houses in the Bayswater area is currently Barry Plant, representing 50% of new listings, followed by Ray White with 33%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Market Insights for Bayswater VIC 3153
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