A house located in 16/LP16466 Bayswater VIC. Similar properties have sold for approximately $885,000. Built in 1970, featuring 3 bedrooms, 2 bathrooms.
Prime Res 1 Development Opportunity, Incredible Location It's not every day that a huge 978.30sqm (approx.) block of land with Residential Zone 1 planning potential hits the Bayswater real estate market - so this property is certain to create a buzz. Set in the attractive and highly sought after King Street precinct which is within walking distance to Bayswater shops and train station, this site is impeccably located and is already surrounded by quality new homes and sub-divisions which are bringing a high-class edge to the area. Positioned opposite the lovely Marie Wallace park, the site is just a short stroll from Bayswater central, giving its lucky new residents easy access to public transport and shopping options but still being far enough away to escape the crowds and enjoy the tranquility this lovely part of the world is famous for. From down-sizers, to commuters to investors, this unique site could offer housing to suit a wide variety of buyers and also present optimal rental yield.The existing brick home on the site, with 3 bedrooms and 2 bathrooms, is well rentable in its current state.An incredible opportunity for astute developers or investors to set their sights on an exciting new project - inquire today!