26/241 Canterbury Road, Bayswater North VIC 3153
26/241 Canterbury Road, Bayswater North VIC 3153
This is a three bedroom, one bathroom unit with one car space, part of a larger 1970s complex on a 1.23 hectare site in Bayswater North. It is a low rise flat in a mixed townhouse and unit block.
This property occupies a distinct position in the local market as a genuinely affordable three bedroom unit, priced well below the typical entry point for similar sized homes in the area. Its single bathroom configuration is the main factor keeping the price accessible, and this makes it a strong option for first home buyers or investors seeking a lower cost foothold in a stable residential suburb. The unit sits within a well established complex with no overlays for flood or bushfire, and it benefits from solid 5G and NBN connectivity. For a buyer who prioritises bedroom count over bathroom count, this property offers rare value in a market where three bedroom units often command a significant premium.
The single bathroom may affect resale appeal compared to two bathroom units in the same block, and the 1978 construction date suggests potential for older finishes or systems that a buyer should inspect carefully. Parking is limited to one space, which might be a constraint for families or tenants with multiple vehicles. The unit has not sold since 2010, so there is limited recent transaction history to guide pricing expectations. A buyer should weigh the lower entry price against the likelihood of needing updates or accepting a slightly narrower buyer pool when it comes time to sell.
Detailed Independent Property Report prepared by PropCred Analyst team for 26/241 Canterbury Road, Bayswater North VIC 3153
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
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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.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
1.23 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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