House for Auction
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Position and Potential; 720m² (Approx) with Existing 3 Bedroom HomeProperty ID 1578394Development potential you dream about could well describe this flat 720sqm (approx.) block hosting an existing 3 bedroom 1 bathroom weatherboard home. Accessed via a convenient slip road on mountain highway, it's superbly located just down the road from central Bayswater's Shopping, eateries, caf's, supermarkets, train station and schools!
Positioned perfectly to capture a development trend in Bayswater that has seen median house prices increase in excess of 35% over the last two years, this allotment ticks all the boxes from zoning to close access to amenities.
There's easy access to Eastlink for the drivers whilst a bus stop and train station are a short 200 metres and 1.6km away meaning transport options are comprehensively covered. Additional benefits for families include both Bayswater and Bayswater West Primary schools are within 700 metres whilst Bayswater Secondary college is just barely over 1 kilometre from this site.
The existing home is tired and the question remains renovate, rebuild or develop. A conventional and popular floorplan of the era hosts a modest entry that yields to the formal Lounge/livingroom with an adjoining dining area open to the kitchen with four burner gas stove and dishwasher.
A hallway to the right of the entry provides access to all three bedrooms (two of which have Built in Robes) and passes by the family laundry (which gives access to the separate toilet) as well as the bathroom with separate shower to bath and double sinks.
Carpeted throughout with linoleum to most wet areas, there is an air conditioner and ceiling fan in the lounge in addition to ceiling fans in 2 of the 3 bedrooms whilst there is additional storage space present in the ample shedding/garage space. Bring a tradesman's eye and an investors strategy and reap the rewards of seeing beyond what immediately meets the eye.
Due diligence checklist - for home and residential property buyers