16 Bayswater Tce, Hyde Park is a 6 bedroom, 3 bathroom Unit with 3 parking spaces and was built in 1960. The property has a land size of 810m2 and floor size of 61m2. While the property is not currently for sale or for rent, it was last sold in November 2020.
The astute buyer will quickly see the potential this complex of 3 highset units has to offer - live in one and enjoy an income or utilise this opportunity as a good solid investment. Not affected by the 2019 February Floods.
Each unit offers good kitchens which flow into the light filled and airy living area, two air-conditioned bedrooms with built-in robes, practical bathroom with separate toilet, linen storage, a secure space underneath with car accommodation and an individual clothesline.
At present, all units are tenanted. The great central inner-city location means these units are always in demand. Set only a short walk away from the Hermit Park Shopping Precinct, RSL, St. Margaret Mary's school and just a short drive from the CBD.
3 Highset Units - each one offering:
Two bedrooms with air conditioning and built-in cupboards
Good kitchen flowing onto living space
Bright and airy open plan living and dining area
Practical bathroom with separate toilet
Timber floor boards throughout
Linen cupboard for extra storage
Fully enclosed and secure underneath
Secure carparking
Rear yard with individual clotheslines
Central location - close to everything our city has to offer
All current tenanted - the great location means these units are always in demand!
Small complexes don't often come on the market, secure this rare investment opportunity while it's available!
The size of Hyde Park is approximately 1.2 square kilometres. It has 4 parks covering nearly 6.3% of total area. The population of Hyde Park in 2011 was 1,425 people. By 2016 the population was 1,374 showing a population decline of 3.6% in the area during that time. The predominant age group in Hyde Park is 30-39 years. Households in Hyde Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Hyde Park work in a professional occupation. In 2011, 47.9% of the homes in Hyde Park were owner-occupied compared with 49.3% in 2016.
Hyde Park has 934 properties. Over the last 5 years, Houses in Hyde Park have seen a 61.34% increase in median value, while Units have seen a 78.54% increase. As at 31 October 2024:
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