17 Cousin Drive, Bayswater VIC 3153
17 Cousin Drive, Bayswater VIC 3153
6-bed family scale | 755 m² land | 3 bathrooms | study and rumpus | established Bayswater position
This house offers a configuration that is genuinely uncommon in Bayswater’s detached stock, where three and four-bedroom homes dominate. Six bedrooms, three bathrooms, and a 755 m² lot place it at the top end of family accommodation in the immediate area, with a study and rumpus room adding practical flexibility for home-based work or multi-generational living. The land size is substantial for the suburb, and the absence of detected flood, bushfire, or heritage constraints simplifies due diligence. Buyers seeking a large, functional family property with room to spread out will find this hard to match locally, and the established street character supports long-term appeal.
Value may be shaped by the property’s age and presentation, as no construction year or recent renovation timeline is confirmed. The 2020 sale price inconsistency across portals suggests some record noise, so a buyer should verify title history directly. The estimated building coverage of 28% leaves potential for future extension or outdoor enhancement, which could add value if needed. Rental demand appears solid given the bedroom count, though yield expectations should be tempered by the higher price point. The property’s strength lies in its rare size, not in modern finishes or a premium location, so pricing should reflect that balance.
Detailed Independent Property Report prepared by PropCred Analyst team for 17 Cousin Drive, Bayswater VIC 3153
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Bayswater, 29km east of Melbourne, is an established residential and light-industrial suburb. Demand centres on 30-39 year olds with upper-middle incomes. Houses lead the market: median $928,000, 7.1% annual growth, and sales roughly 26 days on market — 21% faster than nearby Wantirna South. Units lag, with a $567,500 median and a -3.9% quarterly dip. Rents are firm: houses $600 weekly, units $510, with house yields of 3.5-4.2%. The key risk is unit softness; house growth has momentum but rate sensitivity could test affordability.
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PropCred Estimated Value
Comparable Sales: 22 Cousin Dr sold Oct 2023 for $992,000; 7 Cousin Dr sold Nov 2017 for $585,000 | Property Price Band: $1.1M–$1.2M | Value Drivers: land size, bedroom count, layout flexibility
Bedrooms
6
Bathroom
3
Parking
2
Land
755m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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