24 Myrtle Street, Bayswater, Vic 3153

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.