1 Percival Street, Bayswater, Vic 3153

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