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Bayswater, Bayswater VIC 3153

Price: $990,000 - $1,089,000

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$990k - $1.04M Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 5 Cars 725 m²

Listed: 3 days ago

Updated: 16 hours ago

Overview

This attractive Bayswater corner property occupies a substantial 725 square metre allotment, offering a rare blend of immediate residential living and promising development prospects subject to council approval.

The existing three-bedroom home is well-maintained and habitable, allowing buyers the flexibility to occupy or lease while exploring the potential for a four-dwelling development. The thoughtfully prepared plans envisage four two-bedroom units, providing a solid foundation for investors or developers to build upon, with the alternative option to re-design for townhouses with three or four bedrooms each, reflecting potential accommodating a diverse range of lifestyles and family sizes.

Noteworthy is the council’s endorsement to remove existing easements and two nature-strip trees, effectively clearing the way for vehicular crossovers and enhancing ease of development access. The land is consequently offered free of encumbrances, which increases its appeal for future projects.

Premium corner allotment of approximately 725 square metres in the sought-after Bayswater suburb.
Existing residence of three bedrooms in good condition provides a stable living or rental income option.
Development potential for four dwellings, with council approval for easement removal enhancing the site’s appeal.
Plans are available and can be used directly or adapted subject to council endorsement, providing versatility in development approach.
Strategic location and land size ideal for homebuyers, developers, investors, and builders targeting growth areas.

This property represents a unique opportunity to secure versatile land with a functional home, combining lifestyle benefits with investment potential. Its corner location maximizes site exposure and access, key components in residential development and real estate value creation.

Prospective purchasers are encouraged to engage early to benefit from its multiple possibilities while enjoying the comfort of immediate occupancy or rental benefits. Further discussions and inspections can be arranged to explore this exciting opportunity in detail.

Local Market Insights

In Bayswater, Quiet Listings observed 13 new houses entering the market over the last 30 days, up from 8 during the previous 30-day period, with an average advertised asking price of $910,385. The property type mix of listed properties is predominantly Houses at 50%, followed by townhouses (27%), and units (15%). The most active agency for houses in the Bayswater area is currently Ray White, representing 38% of new listings, followed by Jellis Craig with 15%. 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.