4 Ivon Street, Bayswater North VIC 3153
4 Ivon Street, Bayswater North VIC 3153
Large 959m² block | older 3-bed with workshop and 4-car parking | strong family layout with two living areas | no overlay constraints flagged | suited to renovators or those wanting space
This property’s competitive edge is its land. At 959m², it sits well above typical suburban lots, and the combination of a workshop, four-car parking, and two separate living areas gives it a practical, functional layout that many modern builds simply don’t offer. The house itself is older and will likely need updating, but the bones are substantial, with floorboards, ducted heating, and split-system cooling already in place. For a family wanting room to spread out, or a buyer looking to add value through renovation, this offers rare flexibility. Its position in an established, leafy part of Bayswater North, with decent school zoning and no evident flood, bushfire, or heritage constraints, makes it a solid choice for long-term occupation or future redevelopment potential.
The main factors that might shape its value are the condition of the original structure and how much work a buyer is prepared to take on. The single bathroom is a limitation for a house of this size, and the older build may require attention to roofing, wiring, or insulation that isn’t immediately visible. The large block does offer scope for extension or even a knockdown rebuild, but that depends on council planning rules and site conditions. Rental demand appears moderate, with income potential around the mid-$600s weekly, which may appeal to investors, though the strongest value likely comes from someone who will live in it and improve it over time.
|| Comparable Sales: 11 Ivon Street sold at $1.07M on a larger 1,069m² block; 4 Home Street listed around $840k on 506m² | Property Price Band: $750k–$850k | Value Drivers: land size, renovation potential, and the workshop plus four-car parking layout.
Detailed Independent Property Report prepared by PropCred Analyst team for 4 Ivon Street, Bayswater North VIC 3153
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
1
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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.
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PropCred Estimated Value
Comparable Sales: 11 Ivon Street sold at $1.07M on a larger 1,069m² block; 4 Home Street listed around $840k on 506m² | Property Price Band: $750k–$850k | Value Drivers: land size, renovation potential, and the workshop plus four-car parking layout.
Bedrooms
3
Bathroom
1
Parking
4
Land
959m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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