Nestled on a level plot at 5 Glendhu Road, Bayview, this residential vacant land is primed for multiple housing development. The freehold property boasts an area of 1057 square meters, with a floor area potential of 185 square meters. It features 3 bedrooms, 2 carparks, and is equipped with an efficient heat pump for climate control. The exterior walls, constructed from wood, and the iron roof are both in average condition, setting the stage for a modern transformation. Since 2017, the capital value has surged by 50%, from $1,020,000 to the current $1,530,000, showcasing a promising investment opportunity.
Recent market appraisals, including the HouGarden AVM, value the property at $1,425,000, while the latest sale history shows consistency with transactions at $1,250,000 in both 2020 and 2024. This consistency indicates a stable and reliable market for the area.
For families with children, the property falls within the zones of both Bayview School, a contributing primary with a decile rating of 7, and Glenfield Intermediate School, an intermediate school with a decile rating of 6. This provides a solid foundation for quality education.
Updated on May 15, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.17 km | 4 | 2 | 130m2 | Year 2024 Month 12 Day 01 | $700,000 | Council approved | |
 | 0.27 km | 6 | 3 | 165m2 | Year 2024 Month 09 Day 04 | - | Council approved | |
 | 0.45 km | 4 | 2 | 0m2 | Year 2024 Month 09 Day 01 | $1,246,000 | Council approved | |
 | 0.40 km | 4 | 2 | 0m2 | Year 2024 Month 09 Day 01 | $1,145,000 | Council approved | |
 | 0.14 km | 2 | 1 | 0m2 | Year 2024 Month 07 Day 01 | - | Council approved |