Bayswater at a glance
17,460
People
$1,270,000
Median sale
$696/wk
Median rent
2.85%
Suburb gross yield
Median sale from 115 recorded sales (last 12 months) — a Districts calculation.
WA › Bayswater › Grafton Rd
$1,100,000
Last sold
23 Oct 2023
3
Bedrooms
2
Bathrooms
0
Car spaces
1,009 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$1,100,000
23 Oct 2023 · derived via latest_sale
Local land rate: recorded House sales in Bayswater (last 5 years) with land size have a median of $2,510/m² of land (n=120). Districts calculation from recorded sales — not a valuation.
Bayswater at a glance
17,460
People
$1,270,000
Median sale
$696/wk
Median rent
2.85%
Suburb gross yield
Median sale from 115 recorded sales (last 12 months) — a Districts calculation.
Vs Bayswater
-13.4%
Median sale
Suburb $1,270,000
+0.44 pp
Gross yield
Suburb 2.85%
Suburb median $1,270,000 from 115 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
WAWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 1,009 m² — that is not official geometry. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $696/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 1,009 m² — that is not official geometry.
Nearby development pipeline
UnknownNearby development applications are not loaded for this property.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Bayswater at a glance
17,460
People
$1,270,000
Median sale
$696/wk
Median rent
2.85%
Suburb gross yield
Median sale from 115 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ross Realty WABeautiful character home sitting on a 1009 sqm block zoned High Density RAC-3.
Situated in the rezoned MELTHAM PRECINCT this opportunity is not to be missed. There is limited allocation of high density RAC-3 - Residential zoning available in this rezoned precinct and every time one of these properties comes on the market it has been snapped up by investors and developers that know the future potential of something so rare.
Currently rented out on periodical lease, this property is returning $1140 per week so a fantastic return on your investment.
If you are wanting to owner occupy then no problem, as the current tenants can be given notice to vacate with a sales contract in place.
It isn't often a quality character residence on a full block comes on the market which offers great accommodation as is, but ample space to extend, whilst keeping the RAC-3 zoning and development potential up your sleeve for a later date.
The future potential of this property is difficult to put into words with the infrastructure that surrounds this property.
The Metronet Bayswater Train Station and the Meltham Train Station only a hop, skip and a jump away.
Built in 1928 boasting all of the glorious character features you'd expect, including polished jarrah floorboards, leadlight windows and breathtaking high ceilings and consisting of three bedrooms, two bathrooms, a renovated kitchen and a separate home office.
When you stand here it is hard to believe you can be surrounded by this much land whilst still being so close to all the action!
This property has so many options and certainly not one for investors only as it can accommodate a family who want a large back yard and huge garage and land bank the future with high zoning and multiple options
Ask yourself these questions…
• Have you got a family? Work from home and want a large 1009 m2 block?
• Are you a tradie who has always dreamed of having a large workshop totally separate from the family home?
• Have you always dreamed of having a spot for the collectable car, the family boat or the ultimate man cave?
• Are you thinking how good it would be to have space in the backyard to build a Granny flat which could potentially have a rental return or you have Mum and Dad living with you?
• Do you want a property that the kids can play safely out the back yard with plenty of space for a dog, a swimming pool or back yard cricket?
• Have you been dreaming of building a home in Bayswater but can't find that home to demolish and then build? Stamp duty, demolition costs, survey costs, underground power, new water meter, retaining walls, removal of asbestos fencing and installation of new colourbond fencing, site works and all the holding costs (Do the maths here and snap up a bargain)
• There is a potential large block in your own back yard and keep the front home as your rental
If the answer to any of the above is YES then this is your dream home
Ready to move straight in and start enjoying the lifestyle of this amazing location with everything done for you. All you have to do is book in a date for the housewarming party!
Other Features:_
• Green Title Street front 1009m2 elevated block
• Future development potential with current RAC-3 zoning
• Double garage perfect for your boat, trailer, two cars or even a potential home business or games room/teenage retreat. (approx. 8 x6 metres with a 2.25 clearance for those boats, 4 wheel drives and vans)
• Potentially build a Granny Flat in the back yard which would have its own driveway as there is over 3.5 meters side access (future potential rentable asset)
• Plenty of space for a future back yard swimming pool
• Large backyard for entertaining with real lawn and plenty of space for a game of backyard cricket
• 3 large bedrooms with 2 bathrooms and a separate home office
• High ceilings
• Refrigerated split air-conditioning units
• Fully insulated roof space
• Potential to build 4 storeys, plus the potential of 2 bonus storeys can be developed in the "Mixed Use Core' and "residential Core' precincts.
Location:
A short walk to the Meltham and Bayswater Train Stations
Close to Chisholm College, Maylands Primary, St Peters, Bayswater Primary and St Columbus
Close to Beaufort Street Cafe strip and the many shops and restaurants of Maylands
Only 6km to the CBD.
Only 10 minutes to the Airport
Contact Paul Ross on 0428 571 050 for a price guide
Listing description written by Paul Ross, Ross Realty WA — reproduced as published, not verified by Districts.