High-Impact Opportunity on a Substantial Block

Set on an impressive allotment of approximately 650m² in one of Reservoir's most well-connected and steadily growing pockets, 84 Royal Parade presents an exceptional opportunity for those looking to secure land with genuine future upside. Whether you are a builder, developer or savvy investor, the scope to redevelop or construct multiple dwellings (STCA) makes this a compelling prospect in a location where demand for quality new homes continues to rise.

The existing residence offers the flexibility of holding income or comfortable occupancy while future plans are explored, however the true value lies in the generous land size and the possibilities it presents. With substantial proportions and excellent potential for a multi-unit or townhouse development (STCA), this is a site that allows you to maximise returns in a suburb experiencing consistent growth and buyer demand.

Lifestyle appeal further enhances the opportunity. Only moments from the vibrant cafés, shops and everyday conveniences of Broadway & Edwardes Street Village and within easy reach of Reservoir Station for direct CBD access, the location is both practical and highly desirable. Enjoy the open green spaces, walking trails and recreational facilities of Edwardes Lake Park, along with nearby schools, bus services and major arterial roads that provide seamless connectivity to surrounding suburbs.

Opportunities to secure approximately 650m² of prime Reservoir land with this level of development flexibility are becoming increasingly rare. Explore the potential to renovate, rebuild or create a thoughtfully designed multi-dwelling project (STCA) and capitalise on a location that continues to go from strength to strength.

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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Explore the area

School catchments

St Monica's College - St Stephen’s/Gaudete Campus Secondary Catholic 0.48km
St Stephen's School Primary Catholic 0.53km
Reservoir Primary School Primary Prep-6 Government 0.65km
St Gabriel's School Primary Prep-6 Catholic 0.90km
Reservoir East Primary School Primary Prep-6 Government 1.1km
Maharishi School of the Age of Enlightenment Primary Prep-6 Independent 1.1km
Reservoir Views Primary School Primary Prep-6 Government 1.2km
Reservoir High School-Heidelberg Secondary Teaching Unit Secondary Government 1.7km
SEDA College (Victoria) - J.E Moore Park Campus Secondary Independent 1.7km
Reservoir High School Secondary 7-12 Government 1.7km
Holy Name School Primary Prep-6 Catholic 1.9km
Preston Primary School Primary Prep-6 Government 1.9km
Our Lady of the Way School Primary Prep-6 Catholic 1.9km
Kingsbury Primary School Primary Prep-6 Government 2.1km
William Ruthven Primary School Primary Prep-6 Government 2.1km
St Joseph the Worker School Primary Prep-6 Catholic 2.2km
William Ruthven Secondary College Secondary 7-12 Government 2.2km
Reservoir West Primary School Primary Prep-6 Government 2.2km
Preston North East Primary School Primary Prep-6 Government 2.7km
Charles La Trobe P-12 College-The Pavilion Campus - Preston East Combined Government 2.7km
East Preston Islamic College Combined Prep-12 Independent 2.9km
Preston High School Secondary 7-12 Government 3.1km
Northern College of the Arts and Technology Secondary 10-12 Government 3.1km
SEDA College (Victoria) - AFL- Preston Secondary Independent 3.2km
Parade College - Preston Campus Secondary Catholic 3.5km
Darul Ulum College of Victoria Combined Prep-12 Independent 3.8km
St John's College Preston Combined Prep-12 Independent 3.9km
John Fawkner Secondary College Secondary 7-12 Government 3.9km
John Fawkner Secondary College-Sports Learning Centre Secondary Government 3.9km

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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