1,020m2 (approx.) of high-density land within the major activity centre of Bayswater (DDO6) and stretching across a near flat block, this golden opportunity also comes with plans and permits for 6, 3-storey, standard living townhouses (1 x 4-bedder, 5 x 2-bedders + study).
Set on a traditional shaped block and situated right in the heart of Bayswater means that all the amenities and conveniences you could ever want are only a short stroll away, including the newly revamped train station – further solidifying it as a first-rate location for your next development.
Purchasers may also wish to rent out the existing home, a classic 3-bedroom, 1-bathroom brick veneer property in reasonable condition as Bayswater see’s strong rental growths.
Bayswater is also one of the fastest growing suburbs within Melbourne and is still going from strength to strength with huge planning and growth in progress making sure this is a continuing trend (see Bayswater 2020 plan). Demand is high for standard living homes with easy-living options, such as its close proximity to EVERYTHING that Bayswater has to offer, so forget the hard work as the planning is already done – just purchase and start building today!