FOR SALE
$750,000 - $810,000

568 Mountain Highway
Bayswater VIC 3153

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 741m2
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Prime Dual Allotments with Endless Potential

Presenting a rare opportunity to acquire two premium land parcels situated at 568 and 570 Mountain Highway, offering a combined land size of approximately 1480sqm. Whether you're looking to purchase one or both, these expansive blocks provide endless potential for developers, investors, or those seeking a substantial landholding in a highly desirable location.
With impressive frontages, these rectangular allotments, measuring approximately 741sqm (approx.) and 739sqm (approx.) respectively, are nestled on the Mountain Highway Service Road, ensuring easy access while maintaining a quiet, residential feel. Both homes are securely leased out and already generating a steady income, providing an added advantage for investors looking to arrange plans or permits while capitalising on the existing returns.
The generous proportions and dimensions of these blocks offer multiple possibilities for redevelopment (STCA), such as multi-unit projects or grand family homes with ample space for outdoor living.
Situated within proximity to local amenities, the properties are surrounded by key conveniences, including Mountain High Shopping Centre, Westfield Knox, Bayswater Station, and Guy Turner Reserve. Knox Private Hospital, Eastlink, and Melbourne CBD are easily accessible, making this an ideal location for future residents seeking connectivity and convenience.
Take advantage of this unique chance to secure prime real estate in a flourishing community. Don't miss your opportunity to explore the potential of these impressive blocks - perfect for those with a vision.
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Property Details for 568 Mountain Hwy, Bayswater

568 Mountain Hwy, Bayswater is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 741m2. The place is currently for sale with Harcourts Manningham.

Building Type
House
Land Size
741m2

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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 2011 was 11,240 people. By 2016 the population was 11,749 showing a population growth of 4.5% 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 2011, 69% of the homes in Bayswater were owner-occupied compared with 65.3% in 2016.

Bayswater has 8,937 properties. Over the last 5 years, Houses in Bayswater have seen a 18.62% increase in median value, while Units have seen a 22.16% increase. As at 30 September 2024:

  • The median value for Houses in Bayswater is $851,213 while the median value for Units is $656,106.
  • Houses have a median rent of $550 while Units have a median rent of $510.
There are currently 40 properties listed for sale, and 16 properties listed for rent in Bayswater on OnTheHouse. According to CoreLogic's data, 298 properties were sold in the past 12 months in Bayswater.

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Nima Goharpey
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Mohi Gholamy
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Harcourts Manningham
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