This prime 1/4 acre / 1000m2 approx. allotment offers a chance for the astute buyer to secure this rare offering with a number of exciting options in this outstanding location.
Whether you are looking to find somewhere to live and enjoy, to secure an excellent investment property to perhaps develop later or seize an opportunity to develop further into a dual occupancy or even a 3 dwelling site (STCA), this wonderful property offers something for everyone. Developers especially will see exceptional value in this expansive parcel of land to capitalise on the very high demand for units and townhouses in the immediate area.
The site is currently occupied by a very nice 3 bedroom home with a spacious lounge room, kitchen and family meals area, generous bedrooms, gas heating, air-conditioning, a double garage and even a separate studio office for anyone wanting to work from home. The property is leased for $1608 per month and is currently on a month to month lease to ensure your investment or development opportunity can secure an income for you immediately.
In the heart of Bayswater the convenience of this location is absolutely perfect. The property is just a walk to all that Bayswater has to offer including the train station, bus services, shopping, cafes and restaurants, extensive parkland, private hospital, schools and only a short commute to Westfield Knox or the Eastlink gateway to the City or Coast.
Be quick to be the lucky one that decides the future of this exceptional property.
Proudly marketed by Barry Plant Rowville - 9753 2828
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:
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