20 Victoria RoadBayswater VIC 3153
Property Details for 20 Victoria Rd, Bayswater
20 Victoria Rd, Bayswater is a 4 bedroom, 3 bathroom House with 2 parking spaces and was built in 1970. The property has a land size of 971m2 and floor size of 75m2. While the property is not currently for sale or for rent, it was last sold in February 2022.
Last Listing description (January 2023)
An all round property awaits for the astute owner occupier or builder/developer willing to invest some time and effort in bringing this corner block back to its former glory or demolish and build three separately titled homes on a corner block in a fabulous convenient location.
Existing two self-contained units which require some attention to bring up to today's standard will potential yield approximately $700 per week.
An astute owner occupier may live in one and rent the other with the goal of future development of the block being the main goal in mind.
Whether you are an owner occupier or Builder/Developer it is well known that corner blocks/home sites are much desired in the real estate industry.
Take advantage to potentially develop 3 separately titled homes on this approximately 971m2 block of land (STCA) and enjoy the benefits.
More and more owner occupiers are looking at land that they can subdivide, with the option to build their own dream home for themselves and develop the rest of the block as either a future investment or sell the remaining two to pay for the project, either way this is a win - win strategy.
Sale by set date 9/12/2021 @5pm
For further information please call Don on 0407 687 652!!!!!!!!!!!!!!!!
Property History for 20 Victoria Rd, Bayswater, VIC 3153
- 03 Feb 2022Sold for $1,070,000
- 09 Jul 2021Listed for Sale Sale by set date 9/12/2021 @5pm
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0About 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 9,050 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.
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