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11 Mitre Crescent, Bayswater$800,000
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For Salehouse

11 Mitre Crescent

Bayswater, VIC 3153, Australia
$780,000 – $820,000
3 bed 1 bath919 m²

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About this property

Positioned in a quiet and well-established pocket of Bayswater, 11 Mitre Crescent presents an exceptional opportunity for builders, developers, and land buyers seeking a substantial residential development site in a high-demand location. Set on approximately 919 square metres of land, the property offers outstanding scope for redevelopment, with potential for a 34 unit project (STCA). The existing dwelling is in original condition and requires significant renovation works, making this an ideal proposition for those looking to clear the site and maximise its future potential. A key advantage of the property is the absence of a vegetation overlay, providing greater flexibility and simplifying the planning process for future development outcomes (STCA). Property Features: Land area: 919 square metres approx. Potential 34 unit development site (STCA) No vegetation overlay Quiet residential location Ideal new home or townhouse redevelopment opportunity Strong demand precinct with excellent future upside Conveniently located close to local schools, parks, shopping facilities, public transport, and major road networks, this is a rare opportunity to secure a sizeable development site within one of Melbourne's continually growing eastern suburbs. For further information or to arrange an inspection, contact Wayne Sewell on 0403 524 683 or email wayne@appleby.com.au.

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
3
Bathrooms
1
Land Area
919 m²
Listed
1 month ago

Repayment calculator

$3,878/month
$1,939 /fortnight
Loan $640,000 at 6.10% over 30 years

Upfront costs

Deposit$160,000
Stamp duty$43,070
Conveyancing (est.)$2,000
Total upfront$205,070
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Bayswater

This 3-bedroom house in Bayswater, VIC 3153 sits within reach of public transport, local shops and nearby schools. It is listed 13% below the $920,800 median of 58 comparable houseswithin 5 km.

Schools near Bayswater

  • Bayswater Primary Schoolprimary · Prep-6 · CoEd
  • Bayswater South Primary Schoolprimary · Prep-6 · CoEd
  • Bayswater West Primary Schoolprimary · Prep-6 · CoEd
  • Our Lady of Lourdes Schoolprimary · Prep-6 · CoEd
  • Bayswater Secondary Collegesecondary · 7-12 · CoEd

What's nearby

  • Sydney Rd/Mountain Hwy (bus)1.6 km away
  • Enhance Beauty1.7 km away
  • Larne Avenue Reserve1.5 km away
  • Sydney Road Reserve1.6 km away
  • Unnamed1.7 km away

Bayswater at a glance

Full suburb profile
Population
12,262
Median age
38
Household income
$1,598/wk
Median rent
$375/wk
Median mortgage
$1,820/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Bayswater price trend

Median sold · House 3 bed

Compound growth -0.7% / yr over 4 yrs

$873kcurrent median

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Price history

Price history

Listing price changes

2 price changes recorded for this property

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