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Sold on 03 Aug 2024 for $833,000

45 Kumala Road
Bayswater VIC 3153

Bedrooms: 4
Bathrooms: 1
Car spaces: 2
Floor area: 157m2
Land area: 975m2
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Property Details for 45 Kumala Rd, Bayswater

45 Kumala Rd, Bayswater is a 4 bedroom, 1 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 975m2 and floor size of 157m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 4 bedroom House sold in Bayswater in the last 12 months.

Building Type
House
Year Built
1950
Floor Size
157m2
Land Size
975m2
Local Government
Knox
Lot/Plan
42/LP50900

Last Listing description (August 2024)

This 4-bedroom weatherboard home, accompanied by a spacious parcel of land measuring approximately 975sqm, presents an array of enticing prospects for future profitability and rewards. With an impressive frontage spanning 21.3m, the property offers immense potential for innovative design concepts, allowing for the creation of a luxurious new residence or multiple townhouses (subject to council approval).

Situated in a highly desirable location within walking distance of Mountain Highway Shops, Bayswater Station, Marie Wallace Park, and several esteemed schools including Bayswater Primary, Bayswater West Primary, and Bayswater Secondary College, the property enjoys convenient proximity to major transport routes, facilitating easy access to the city and surrounding areas.

Whether you are a developer seeking a lucrative venture or an individual aspiring to construct their dream home, this site's adaptability and prime position ensure a wonderful investment opportunity.

Envision contemporary living spaces, verdant gardens, and custom architectural designs that complement the vibrant community and picturesque environment. This rare chance to secure a prime real estate holding offering expansive land, ideal location, and endless potential for growth and prosperity is not to be missed.

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Property History for 45 Kumala Rd, Bayswater, VIC 3153

A timeline of how this property has performed in the market
Last Sold
$833,000
03 Aug 2024
  • 03 Aug 2024
    Sold for $833,000
  • 20 Jun 2024
    Listed for Sale $770,000 - $830,000
  • 15 Jun 1998
    Sold for $130,000
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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 8,937 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, 300 properties were sold in the past 12 months in Bayswater.

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