3 Bungalook Road EBayswater North VIC 3153
Property Details for 3 Bungalook Rd E, Bayswater North
3 Bungalook Rd E, Bayswater North is a 5 bedroom, 2 bathroom House with 2 parking spaces and was built in 1975. The property has a land size of 1097m2 and floor size of 197m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 5 bedroom House sold in Bayswater North in the last 12 months.
Last Listing description (August 2024)
Seize this rare chance to acquire a prime piece of real estate with immense development potential (STCA) or knock down and rebuild your dream home. This expansive property with a large land size of 1100sqm (approx.) offers endless possibilities for savvy investors, developers, and visionaries looking to make their mark in a thriving neighborhood.
The property currently features a charming five-bedrooms home with ample natural light, spacious living areas, and a well layout kitchen and bathroom. Perfect for immediate rental income or renovate as a comfortable family residence for owner occupied or simply just knock down and rebuild your dream home.
Situated on a substantial 1,100 sqm (approx.) block, this property provides a blank canvas for a wide range of development options. Whether you're considering subdivision, townhouses, or a multi-unit complex, the possibilities are boundless (STCA).
Located in the highly sought-after Bayswater North area, this property benefits from excellent connectivity to major transport routes, including Eastlink and public transportation (walking distance to Bayswater Station), making it an ideal site for residential development. Enjoy the convenience of nearby amenities, including supermarkets, cafes, restaurants, and healthcare services. The vibrant local community ensures a high standard of living for future residents.
This property represents a unique investment opportunity with significant potential for capital growth. The large land size and strategic location make it an attractive proposition for developers looking to create high-quality residential projects in a booming market.
Bayswater North is a rapidly growing suburb with strong demand for quality housing. The area boasts excellent schools, shopping centers, parks, and recreational facilities, making it a desirable location for families and professionals alike.
Property History for 3 Bungalook Rd E, Bayswater North, VIC 3153
- 28 Jul 2024Sold
- 30 Jun 2024Listed for Sale Not Disclosed
- 15 Dec 2020Sold for $860,000
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0About Bayswater North 3153
The size of Bayswater North is approximately 6.6 square kilometres. It has 22 parks covering nearly 6.8% of total area. The population of Bayswater North in 2011 was 8,424 people. By 2016 the population was 8,778 showing a population growth of 4.2% in the area during that time. The predominant age group in Bayswater North is 30-39 years. Households in Bayswater North are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bayswater North work in a professional occupation. In 2011, 73.1% of the homes in Bayswater North were owner-occupied compared with 72.9% in 2016.
Bayswater North has 5,196 properties. Over the last 5 years, Houses in Bayswater North have seen a 32.74% increase in median value, while Units have seen a 22.48% increase. As at 31 July 2024:
- The median value for Houses in Bayswater North is $931,106 while the median value for Units is $597,112.
- Houses have a median rent of $580 while Units have a median rent of $493.
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