10/27 King Street, Bayswater VIC 3153

Two-bed apartment in low-rise block | Bayswater school catchments | No flood or heritage overlays | Recent comparable sales establish price floor This unit represents a competitively priced entry into established Knox council catchments, serving the specific buyer seeking school access without standalone house premiums. Its position in a small, multi-unit building provides a lower maintenance alternative, with recent sales in the same structure demonstrating resilient demand for this configuration. The absence of complex heritage or flood constraints simplifies due diligence, making it a straightforward proposition for an owner-occupier or a long-term holder targeting family renters. The primary risk is the identified bushfire overlay, which necessitates specific insurance assessments and may impact future holding costs. The limited unit-specific data requires a thorough building inspection to clarify capital works prospects. However, the clear sales trajectory of nearby units provides a defensible valuation basis. Acquire this property with a hold strategy, leveraging its catchment security for stable occupancy; it is not a short-term speculative play. Recent sales within this building provide a clear benchmark: – Unit 202/27 sold for $505,000 in May 2024, after a $50,000 gain in under two years. – Unit G1/27 sold for $495,000 in February 2026, showing a $30,000 increase in roughly 16 months. – Unit 201/27 was listed between $495,000 and $519,000, indicating the current asking range. This data suggests a well-supported price point for a two-bedroom unit here, with consistent capital growth evident for well-maintained apartments in the block, giving you a solid foundation for negotiation.