1/41 Grant Drive, Bayswater North VIC 3153
1/41 Grant Drive, Bayswater North VIC 3153
Large land parcel | 4-bed duplex | established owner-occupied pocket | good school zoning
This property’s primary buying case rests on its unusually large 1178 mยฒ land component within a townhouse or duplex configuration, which is rare for this product type in Bayswater North. The four-bedroom, two-bathroom layout serves families well, and the strong owner-occupier profile on Grant Driveโ85% owners, 78 long-term residentsโsignals stable neighbourhood demand. Zoning for Bayswater North Primary School and Boronia K-12 College adds practical appeal for buyers with school-age children, and the absence of flood, bushfire, or heritage overlays reduces due diligence friction. The property is best suited to a buyer seeking a family home with land upside rather than a pure investment play.
The main risk is the classification ambiguityโlisted across portals as townhouse, duplex, or houseโwhich may affect financing or resale clarity, so the exact tenure and title structure must be confirmed before exchange. Value estimates vary widely, from around $935,000 to $1.08 million, while the asking guide sits lower, suggesting the seller may be pricing to attract competition. The last sale in 2007 for $188,600 means the vendor likely holds low cost base, giving them flexibility on price. A buyer should treat this as a hold-and-improve opportunity, leveraging the land size for future extension or subdivision potential, but only after title verification.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 1/41 Grant Drive, Bayswater North VIC 3153
Market Insight:
Bayswater North presents as a steady, family-oriented market with solid fundamentals. Demand is anchored by owner-occupiers seeking larger homes, evidenced by consistent sales activity across multiple bedroom configurations. The market demonstrates resilient price growth for houses, though conditions show signs of normalisation with extended selling periods and a divergence in performance between houses and units. Future prospects are supported by sustained transaction volumes, yet affordability pressures and a softening auction market for units present clear constraints to watch.