21 Illawara Cres, Bayswater North VIC 3153
21 Illawara Cres, Bayswater North VIC 3153
3 bed house | 420m² block | Bayswater North | active market positioning
The 420m² land size is a competitive advantage in Bayswater North, where smaller subdivided lots are common, offering the buyer a rare combination of three bedrooms and a double garage on a single block. The property serves a first-home buyer or investor seeking a freestanding house with land content in an active sales corridor, where nearby comparables confirm consistent demand. Its configuration avoids the compromises of attached housing, strengthening negotiating position against buyers limited to units or townhouses.
The lack of sold history and floorplan data introduces valuation uncertainty, costing the buyer time and leverage in offer strategy. The property sits in a mid-range price bracket where neighbouring sales show wide variance, requiring careful due diligence on condition and renovation needs. An opportunity exists to secure a freestanding house on a full block before further subdivision erodes supply. Hold for land appreciation or renovate to lift into the next price tier.
Detailed Independent Property Report prepared by PropCred Analyst team for 21 Illawara Cres, Bayswater North VIC 3153
Checks found:
Value Risk
!
1
Liquidity Risk
!
1
Planning Risk
!
1
Income Risk
!
1
Execution Risk
!
1
Market Insight
Bayswater North presents as a steady, family-oriented market with solid fundamentals. Demand is anchored by owner-occupiers seeking larger homes, evidenced by consistent sales activity across multiple bedroom configurations. The market demonstrates resilient price growth for houses, though conditions show signs of normalisation with extended selling periods and a divergence in performance between houses and units. Future prospects are supported by sustained transaction volumes, yet affordability pressures and a softening auction market for units present clear constraints to watch.
PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
420m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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