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Overview
Occupying an expansive approximately 1,203 square metre allotment in the established suburb of Bayswater, this property stands out as a highly versatile opportunity for families, developers, and investors alike. The generous land size not only provides immediate space and privacy but also holds encouraging development potential, previously evidenced by planning approvals for two additional dwellings to the rear of the existing residence. Although these approvals have now expired, the comprehensive documentation including town planning, landscape, drainage, engineering, and relevant utility applications present a valuable foundation for future redevelopment, potentially improved by recent planning changes subject to council consent.
The existing home is a substantial and thoughtfully updated family residence designed to maximize natural light and comfortable living. Noteworthy features include freshly installed wideboard flooring and a fully renovated kitchen distinguished by a skylight, stone benchtops, stainless steel appliances, and ample peninsula seating seamlessly connected to the dining area.
The home’s adaptable floorplan enhances lifestyle flexibility with two sizable living zones on the lower level, linked by elegant French doors. The main lounge extends into a spacious rumpus room equipped with a built-in bar, which opens onto a covered outdoor entertaining area and a large deck, overlooking a leafy rear garden that invites relaxation and outdoor enjoyment.
Bedrooms are generously proportioned across both floors, and paired with renovated bathrooms offering excellent accommodation for evolving families, guests, or multigenerational living arrangements. Conveniently, the property falls within the sought-after Bayswater West Primary School and Bayswater Secondary College zones, and benefits from easy access to transport links such as Bayswater Station and shopping amenities including Mountain High Shopping Centre and Westfield Knox, as well as local parks.
This property will appeal to purchasers seeking either an immediate family home with substantial living and recreational areas, or those interested in securing an extensive landholding in a well-established locale with promising redevelopment potential.
Local Market Insights
In Bayswater, Quiet Listings observed 7 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 $1,033,571. The property type mix of listed properties is predominantly Units at 38%, followed by houses (33%), and townhouses (24%). The most active agency for houses in the Bayswater area is currently Barry Plant, representing 57% of new listings, followed by Ray White with 29%. 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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