33 King StreetBayswater VIC 3153
Property Details for 33 King St, Bayswater
Last Listing description (July 2026)
Opportunities of this calibre are increasingly rare. Occupying an impressive 995sqm (approx.) in the highly sought-after Residential Growth Zone (RGZ2), this outstanding development site presents an exceptional opportunity for astute developers to capitalise on one of Bayswater's most desirable growth locations.
Surrounded by quality townhouse and apartment developments, the property offers outstanding scope for a substantial residential project (STCA), with the potential to create an apartment development of up to approximately 14 residences or a boutique townhouse project of up to five dwellings, reflecting the successful developments already established along this tightly held streetscape.
Demand for quality new homes in Bayswater continues to strengthen, with both townhouses and apartments proving exceptionally popular thanks to the area's outstanding lifestyle, transport connectivity and everyday convenience. This is an opportunity to secure a premium landholding in a location where future growth is supported by strong buyer demand and ongoing urban renewal.
Perfectly positioned for future residents, the property is within easy walking distance of Bayswater Train Station, Mountain High Shopping Centre, popular cafés, restaurants and Bayswater Secondary College. Just across the road expansive parkland, Bayswater Park Playground and sporting reserves provide an enviable recreational setting that further enhances the appeal of any future development.
Adding even greater convenience, Westfield Knox, EastLink and major arterial roads are all just a short commute away, providing effortless access to Melbourne's CBD, Dandenong ranges and the Yarra Valley.
This is a rare opportunity to secure a premium development site in an outstanding location, offering the scope to create an exceptional residential project and prosper in one of Knox City's most sought-after growth precincts.
Proudly marketed by Barry Plant Rowville-Lysterfield - 9753 2828
Photo I.D Required at all inspections
Property History for 33 King St, Bayswater, VIC 3153
- 18 Jul 2026Sold for $1,050,000
- 02 Jul 2026Listed for Sale $1,050,000
- 24 Jun 2010Listed for Rent - Price not available
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0About Bayswater 3153
The size of Bayswater is approximately 7.9 square kilometres. There are 17 parks, covering nearly 4.5% of the 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 9,150 properties. Over the last 5 years, Houses in Bayswater have seen a -0.64% decrease in median value, while Units have seen a 9.12% increase. As at 31 July 2026:
- The median value for Houses in Bayswater is $859,409 while the median value for Units is $674,341.
- Houses have a median rent of $650 while Units have a median rent of $580.
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