35 King Street, Bayswater, VIC 3153 | House for sale | OnTheHouse
FOR SALE
$1,320,000 - $1,450,000

35 King Street
Bayswater VIC 3153

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 985m2
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The Brief: Prime Bayswater Development 5 to 6( TownhousesSTCA), Land Bank Opportunity, or Use the Existing 13 Apartment Plan & Permit

An incredibly rare and versatile opportunity in the heart of Bayswater! This premium site offers multiple pathways to profit: build 5 to 6 contemporary townhouses (STCA), proceed with the existing approved plans for 13 modern apartments, or land bank and watch your investment grow in one of Melbourne’s fastest rising suburbs.
Opposite Bayswater Park Picturesque green space right at your doorstep Walking distance to train stations, shops & cafes High lifestyle appeal for buyers and tenants Quick access to Eastlink Easy commute to Melbourne CBD and beyond With approved architectural plans already in place, you can start the apartment project immediately, or redesign to suit a townhouse configuration. The existing location ensures strong buyer and rental demand, making it equally attractive as a long-term hold.
* Multiple development options - choose your path
* High-demand area with low vacancy rates
* Significant capital growth potential in a booming precinct
*The property already has an existing decent-sized, solid brick veneer house.
Opportunities with this level of flexibility and prime positioning are extremely rare.
For more Real Estate in Bayswater contact your Area Specialist.
Note: Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves with any pertinent matters.
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Property Details for 35 King St, Bayswater

35 King St, Bayswater is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 985m2. The place is currently for sale with AREA SPECIALIST KEYSBOROUGH.

Building Type
House
Land Size
985m2
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About Bayswater 3153

The size of Bayswater is approximately 7.9 square kilometres. It has 17 parks covering nearly 4.5% of total area. The population of Bayswater in 2016 was 11758 people. By 2021 the population was 12262 showing a population growth of 4.3% in the area during that time. The predominant age group in Bayswater is 30-39 years. Households in Bayswater are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bayswater work in a professional occupation.In 2021, 63.40% of the homes in Bayswater were owner-occupied compared with 65.30% in 2016.

Bayswater has 9,110 properties. Over the last 5 years, Houses in Bayswater have seen a 33.37% increase in median value, while Units have seen a 23.74% increase. As at 31 October 2025:

  • The median value for Houses in Bayswater is $942,217 while the median value for Units is $694,379.
  • Houses have a median rent of $585 while Units have a median rent of $550.
There are currently 32 properties listed for sale, and 13 properties listed for rent in Bayswater on OnTheHouse. According to Cotality's data, 376 properties were sold in the past 12 months in Bayswater.

Suburb Insights for Bayswater 3153

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Philip Chacko
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AREA SPECIALIST KEYSBOROUGH
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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.