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8 Surrey Court, Bayswater VIC 3153

AUCTION

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$750k - $825k Low Confidence Calculated based on limited search observations.

House 2 Beds 1 Bath 2 Cars 782 m²

Listed: 2 days ago

Overview

Situated at 8 Surrey Court, Bayswater, this property offers a rare chance to acquire a substantial 782 square meter parcel of flat, rectangular land in a peaceful court setting. The home currently comprises two bedrooms, a single bathroom, and a carport with space for two vehicles, making it ideal for those seeking a modest residence with room for expansion.

The property's standout feature is its development potential. Subject to council approval, buyers can retain the existing home at the front and construct an additional dwelling at the rear, presenting a unique opportunity for investors, developers, or families looking to accommodate extended living needs. The generous land size also offers possibilities for redesign or landscaping, tailored to the owner's preferences.

Conveniently positioned close to local amenities, the home benefits from easy access to shops, hospital facilities, and the Bayswater train station, enabling comfortable day-to-day living and connectivity to the wider Melbourne area. This advantageous location, combined with the tranquil court environment, enhances the appeal for a broad range of buyers.

Two-bedroom home with one bathroom and a double carport
Approximately 782sqm of flat land offering development and investment potential
Opportunity to build a second residence while retaining the existing home (STCA)
Quiet, peaceful court location well suited for families, investors, or developers
Close proximity to essential amenities including shops, hospital, and public transport

Prospective buyers should consider the possibilities for value addition and lifestyle enhancement that this property presents. With the flexibility to live in, invest or develop, it stands as a flexible option in a highly regarded suburb.

Local Market Insights

In Bayswater, Quiet Listings observed 8 new houses entering the market over the last 30 days, down from 12 during the previous 30-day period, with an average advertised asking price of $959,375. The property type mix of listed properties is predominantly Units at 45%, followed by houses (28%), and townhouses (17%). The most active agency for houses in the Bayswater area is currently Ray White, representing 25% of new listings, followed by LJ Hooker with 13%. 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.