33 Marlborough Road Bayswater VIC 3153

Corner allotment | North-facing deck | 4 car spaces | Flood overlay | Redevelopment potential This property presents a competitively strong offering for a family or an investor-builder, based on its corner position with wide frontage and substantial 721m² land parcel. The north-facing outdoor living and four-car accommodation are rare in this price bracket, directly serving family lifestyle needs while the 30% building coverage and residential zoning underpin clear redevelopment potential subject to council approval. Its alignment with high-demand buyer profiles in Bayswater is explicit. The primary decision mechanism is the flood overlay, which imposes due diligence costs for insurance and future development feasibility. The commercial logic lies in leveraging the corner block for future subdivision or holding it as a high-amenity family home with superior outdoor orientation. Proceed with a conditional offer that mandates detailed flood assessment, while our property report can precisely benchmark its value against adjusted comparable sales and clarify locality-specific risk exposures. Recent sales indicate this property’s pricing is positioned above a directly comparable transaction, necessitating a value adjustment for its corner block advantages. * **29 Marlborough Road:** Sold for $800,000. This nearby property provides a baseline, being a 3-bed, 1-bath home on a larger 778m² block with 4 car spaces. The subject property’s asking range commands a premium, justified by its corner position and north-facing aspect which enhance livability and development optionality.