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47 Bayswater Road, Croydon VIC 3136

$1,150,000

Search Band Search Visibility Band

$1.1M - $1.2M High Confidence Calculated based on strong search observations.

Land 1054 m²

Listed: 14 days ago

Overview

This vacant 1,054 square metre block at 47 Bayswater Road, Croydon, represents a compelling opportunity for residential developers seeking land near the heart of Croydon. With no existing structures to demolish, investors and builders gain a clean canvas that simplifies project planning and minimizes initial preparation time.

The generous 19.39-metre street frontage combined with General Residential Zone – Schedule 1 (GRZ1) zoning supports potential subdivision into a cluster of four or five townhouses, subject to council approval (STCA). This zoning is well-suited to medium-density residential developments, allowing for an efficient use of the land while respecting the suburban context of Croydon.

Location is another standout feature, positioning future residents close to Croydon's amenities and transport links. Proximity to Croydon train station, shopping areas on Main Street, local educational institutions, and recreational facilities add value to potential developments, offering convenience and lifestyle appeal to prospective buyers or renters. This makes the site particularly attractive for developers focusing on projects aimed at young families, professionals, or downsizers seeking quality townhouses near urban conveniences.

Overall, the property’s blend of land size, zoning, and location provides a solid foundation for a well-considered development that could bring contemporary housing choice to the Croydon market.

Local Market Insights

In Croydon, Quiet Listings observed 4 new parcels of land entering the market over the last 30 days, up from 2 during the previous 30-day period, with an average advertised asking price of $870,000. The property type mix of listed properties is predominantly Houses at 58%, followed by units (17%), and townhouses (17%). The most active agency for land in the Croydon area is currently Jellis Craig, representing 50% of new listings, followed by Barry Plant with 25%. 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.