2,165 sqm block with huge development upside

Set across a rare and expansive allotment of approximately 2,165 square metres, 1 Percival Street in Bayswater presents an extraordinary opportunity to secure a property with boundless potential in a prime, well-connected location. With its generous land size, wide street frontage and flexible layout, this is the ideal canvas for a multi-dwelling redevelopment, large-scale renovation, or long-term investment. Whether you're an experienced developer looking to unlock the block's value or a visionary renovator keen to restore and reimagine, the scope here is truly significant.

Further elevating its appeal, the site comes with a formally approved 100-place childcare centre (commercial use) and a concept feasibility for 9 townhouses (STCA), opening the door to multiple lucrative possibilities. The existing home offers four bedrooms, two bathrooms, a central laundry and an open-plan kitchen and meals area that flows into the main living and dining zone, which features an electric heater. A large covered pergola with decking provides the bones of a great outdoor entertaining space. Storage and parking are more than covered, with a huge four-car garage, additional four-car covered carport, and a freestanding storage shed. The home is in liveable condition but would benefit from a comprehensive renovation to bring it up to modern standards, giving you the chance to tailor the design to your needs or add value before developing.

Backing onto a peaceful, residential street yet moments from everything Bayswater has to offer, this property represents a golden opportunity to invest in a rapidly growing suburb where land of this size is becoming increasingly scarce. The size, layout and position all point to incredible future rewards.

Situated in the heart of Bayswater, 1 Percival Street is within walking distance to Our Lady of Lourdes Primary School and a short trip to Bayswater Primary School, Bayswater South Primary, Bayswater Secondary College and St Joseph's Primary School. Also close by are Boronia K-12 College and a wide range of early learning and secondary options. For shopping and everyday essentials, you're just moments from Mountain High Shopping Centre, Boronia Mall and the expansive retail offerings at Westfield Knox. Public transport is easily accessible, with Bayswater Train Station only minutes away, while Boronia Station is also close by. Local reserves and parks are plentiful, with everything you need for family living or tenant convenience at your fingertips.

Features:
Expansive allotment of approximately 2,165 sqm
A formally approved 100 place childcare centre (commercial use)
A concept feasibility for 9 townhouse (STCA)
Four generously sized bedrooms
Two bathrooms
Open-plan kitchen and meals area
Spacious living and dining zone with electric heater
Laundry / Second bathroom
Large pergola with timber decking
Four-car garage
Additional four-car covered carport
Freestanding storage shed
Substantial backyard space with development potential (STCA)
Ideal for renovation or complete redevelopment
Flat, rectangular block with wide street frontage
Prime location in central Bayswater

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

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School catchments

Our Lady of Lourdes School Primary Prep-6 Catholic 0.69km
Dillbadin Primary School Primary Prep-6 Government 1.1km
Bayswater South Primary School Primary Prep-6 Government 1.2km
Urban College Secondary 10-12 Independent 1.4km
St Joseph's Primary School Primary Prep-6 Catholic 1.4km
Bayswater Primary School Primary Prep-6 Government 1.4km
Bayswater Secondary College Secondary 7-12 Government 1.6km
Boronia K-12 College Combined Prep-12 Government 1.7km
Bayswater West Primary School Primary Prep-6 Government 1.9km
Boronia Heights Primary School Primary Prep-6 Government 2.1km
Knox Central Primary School Primary Prep-6 Government 2.1km
Fairhills Primary School Primary Prep-6 Government 2.3km
Heathmont East Primary School Primary Prep-6 Government 2.6km
Wattle View Primary School Primary Prep-6 Government 2.9km
Fairhills High School Secondary 7-12 Government 2.9km
The Basin Primary School Primary Prep-6 Government 2.9km
Bayswater North Primary School Primary Prep-6 Government 3.0km
St Bernadette's Catholic Primary School Primary Prep-6 Catholic 3.3km
St Andrews Christian College Combined Prep-12 Independent 3.7km
Heathmont College Secondary 7-12 Government 3.9km
Wantirna College Secondary 7-12 Government 3.9km
Tintern Grammar Combined Prep-12 Independent 4.0km
The Avenue School Secondary 11 Independent 4.1km
Yea High School-Chinese Community Centre Secondary Government 4.2km
Heritage College Knox Combined Prep-12 Independent 4.3km
Aquinas College Secondary 7-12 Catholic 4.5km
SEDA College (Victoria) - Jubilee Park Secondary Independent 4.7km
Ringwood Secondary College Secondary 7-12 Government 4.8km
St Joseph's College Secondary 7-12 Catholic 4.9km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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