COMING SOON - POTENTIAL MULTI UNIT DEVELOPEMENT SITE ON R50 ZONED 956SQM BLOCK

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205 Grand Promenade, Bedford WA 6052

Offers Lower $1millions

Search Band Search Visibility Band

$1.2M - $1.3M High Confidence Calculated based on strong search observations.

House 4 Beds 1 Bath 956 m²

Listed: 48 days ago

Updated: yesterday

Overview

This expansive 956 square meter property in the sought-after Bedford area presents a rare opportunity for buyers with an eye for potential, whether their goal is to reside, invest, renovate, or develop.

Situated on a level block zoned R50 under the City of Bayswater's TPS24, the land is primed for medium to high density residential use, opening diverse possibilities including subdivision or redevelopment, subject to council approvals.

The existing residence offers immediate functional living or can serve as a holding investment, allowing buyers to capitalize on the property's significant land value while considering future growth and development options.

Access to key amenities is excellent, with convenient proximity to major shopping centers like Morley Galleria and Dianella, local schools, parklands, and public transport. Its location just 8 kilometers from Perth's CBD ensures excellent connectivity.

Ideal for developers, investors, or those seeking a long-term family home with future flexibility, this property stands out as a prime landholding in an area poised for growth.

Local Market Insights

In Bedford, Quiet Listings observed 17 new houses entering the market over the last 30 days, up from 8 during the previous 30-day period, with an average advertised asking price of $1,424,941. The property type mix of listed properties is predominantly Houses at 70%, followed by villas (11%), and units (7%). The most active agency for houses in the Bedford area is currently Ray White, representing 29% of new listings, followed by Belle Property with 24%. 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.