3 Bungalook Rd E

Bayswater North VIC 3153

House

Currently for sale - view listing

Overview

Pure potential in a central location

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). The property also comes with 2 bathrooms and has extra spaces for parking or for those with large vehicle. Adding to its appeal it also comes with a granny flat at the back for extra storage. 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.