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Back 24 Myrtle Street
Off Market

24 Myrtle Street

Bayswater VIC 3153

3
2
2
951 m²
House
Last sold for $902,500
Michael HillMichael Hill, last sold this property on 19 June 2025 after 23 days on market.

Overview

Reside Or Develop: The Choice Lies With You

Whether you're looking to develop now or invest for the future, this 956m² (approx.) property in central Bayswater offers the ideal foundation, combining generous proportions, favourable zoning, and a range of possibilities. Perfectly positioned and primed for growth, it provides the flexibility to embark on a new development or enhance the existing home and its solid base for immediate returns (STCA). With NRZ4 zoning, the property boasts excellent development potential, with planning provisions that support the construction of a low-rise apartment building; an attractive prospect for developers seeking to meet the rising demand for medium-density housing in an established and well-connected neighbourhood. Alternatively, the site already features a sizeable three-bedroom, two-bathroom dwelling with multiple living zones that has strong renovation appeal. A simple cosmetic update would enhance its comfort and liveability, making it the perfect option for those wanting to occupy the home themselves, or perhaps rent it out while planning for a future development. A range of desirable amenities frame the home, increasing the appeal further. These include Bayswater Train Station, local buses, and neighbourhood cafes and restaurants. You'll enjoy proximity to Mountain High Shopping Centre, and Westfield Knox with its popular Ozone entertainment precinct, plus primary and secondary schools, and open green spaces like the Marie Wallace Bayswater Park. Opportunities of this nature are highly coveted, so plan your inspection without delay to avoid disappointment. Loci Real Estate has taken every precaution to ensure the information contained herein is true and accurate, however accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Features

3 bedrooms
2 bathrooms
2 carspaces
951 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Bayswater over the last 12 months, the estimated median property value of 24 Myrtle Street is $900k.

Median value
$900k
Estimated value range
$705k - $1.2m
Median days on market
25
Estimated value trend
4%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Bayswater. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 24 Myrtle Street

2025
Sold
$902,500
Private Sale/Treaty on 19 Jun 2025 by Michael Hill, of Loci Wantirna

Happy sellers in Bayswater

90%
90% of sellers in Bayswater reported that their sale price either exceeded or met their price expectations.

Bayswater stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 50 reviews in Bayswater over the last 12 months.

Local market activity for 3 bedroom houses in Bayswater

In the last 12 months, 72 three-bedroom houses similar to 24 Myrtle Street, have been sold.

This represents a 6% decrease in three-bedroom houses sales when compared to the previous 12 months.

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