OFF MARKET

15 Ernest Street
Bayswater VIC 3153

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 130m2
Land area: 919m2
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Property Details for 15 Ernest St, Bayswater

15 Ernest St, Bayswater is a 3 bedroom, 2 bathroom House with 1 parking spaces and was built in 1965. The property has a land size of 919m2 and floor size of 130m2. While the property is not currently for sale or for rent, it was last sold in October 2021.

Building Type
House
Year Built
1965
Floor Size
130m2
Land Size
919m2
Local Government
Knox
Lot/Plan
52/LP52579

Last Listing description (December 2021)

THE PROPERTY
Privately positioned within a leafy cul-de-sac and resting beyond picturesque gardens, this large 919sqm (approx.) allotment presents limitless opportunities within a first-class location. Whether you're a first home buyer wanting to renovate or a developer wanting to capitalize with lucrative multi-unit development (STCA), this offers potential to any buyer looking to secure a prized investment. The home itself offers an open plan main living with the kitchen flaunting ample bench space that doubles as a breakfast buffet. Three charming bedrooms are accompanied by the main bathroom, with the master bedroom enjoying an en-suite and private decking access. Growing families are certain to enjoy the sprawling yard space which offers plenty of room to run & play or establish your dream outdoor entertaining format. Other features of the home include ducted heating and cooling, large workshop/garage and large carport.

THE OPPORTUNITIES
Live in, renovate & extend the existing dwelling and keep the large gardens
Retain the existing dwelling and build a second dwelling behind (STCA)
Knockdown and build the dream home you have always desired
Knockdown and build 2 street front facing townhouses (STCA)
Demolish and develop 3 units/townhouses taking advantage of the full 919sqm (STCA)

THE LOCATION
This remarkable residence is enhanced by a quiet & private court position just minutes from the heart of Bayswater. You'll be certain to love the short trip to Mountain High Shops (Woolworths, Coles & Aldi), Bayswater Station, Marie Wallace Park, Bayswater Primary, Bayswater West Primary and Bayswater Secondary College.

Property History for 15 Ernest St, Bayswater, VIC 3153

A timeline of how this property has performed in the market
Last Sold
$990,000
23 Oct 2021
  • 23 Oct 2021
    Sold for $990,000
  • 07 Oct 2021
    Listed for Sale Auction (850,000 - $935,000)
  • 07 Apr 2010
    Sold for $490,000
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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 8,935 properties. Over the last 5 years, Houses in Bayswater have seen a 16.13% increase in median value, while Units have seen a 18.85% increase. As at 31 October 2024:

  • The median value for Houses in Bayswater is $859,109 while the median value for Units is $657,475.
  • Houses have a median rent of $560 while Units have a median rent of $510.
There are currently 43 properties listed for sale, and 17 properties listed for rent in Bayswater on OnTheHouse. According to CoreLogic's data, 301 properties were sold in the past 12 months in Bayswater.

Suburb Insights for Bayswater 3153

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.