40 King William Street, Bayswater WA 6053

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40 King William Street, Bayswater WA 6053

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$1.4M - $1.5M Medium Confidence Calculated based on our search observations.

Land 4 Beds 1042 m² 1042 m²

Listed: 5th Jul 2026

Updated: 7 hours ago

Overview

Positioned on a substantial 1,042 square metre corner block in the heart of Bayswater, this property offers a rare development opportunity supported by flexible R40 zoning. The site's strategic location just 400 metres from the recently upgraded Bayswater Train Station and close proximity to Bayswater Primary School underscores its appeal for residential redevelopment.

The existing four-bedroom character home features a swimming pool and garage, providing potential rental income while planning a staged development. The dual street frontage enhances design options and adds value through high visibility and accessibility.

With options including boutique subdivision, build-to-sell or build-to-rent projects, or small-scale apartments (subject to council approval), this site is well-suited for developers and investors targeting a growing inner-metro market. Bayswater's ongoing capital growth and rental demand are driven by its leafy streets, good infrastructure, and convenient connectivity to the Perth CBD (only 7km away).

Corner landholding of 1,042 sqm with R40 zoning enabling multiple developments
Existing character home with four bedrooms, pool and garage provides income potential or flexible development timing
Opportunity for up to four townhouse lots or apartments, subject to approvals
Close to local schools, cafes, and transport infrastructure
Excellent access to amenities including Morley Galleria and Beaufort Street retail precinct

This offering will particularly interest residential developers, builders, or investors seeking a strong growth corridor within easy reach of Perth's centre. The property's scale, zoning flexibility, and existing dwelling with income make it adaptable to various strategies, whether immediate redevelopment or holding for future capital appreciation.

Local Market Insights

In Bayswater, Quiet Listings observed 4 new parcels of land entering the market over the last 30 days, up from 3 during the previous 30-day period, with an average advertised asking price of $749,250. The property type mix of listed properties is predominantly Houses at 72%, followed by land (14%), and units (7%). The most active agency for land in the Bayswater area is currently Elite Choice Real Estate, representing 75% of new listings, followed by Milestone Realty Dalkeith Nedlands with 25%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.