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Location

Market Insights for Bedford WA 6052

New Listings (last 30 days)

Average price

$1,613,125

Lowest price

$1,300,000

Highest price

$2,100,000

205 Grand Promenade, Bedford WA 6052

OFFERS FROM $1.5million

Search Band

$1.5M - $1.65M High Confidence Calculated based on strong search observations.

House 4 beds 1 bath 2 cars 956 m²

Listed: 15 days ago

Overview

This property at 205 Grand Promenade in Bedford offers a unique investment or redevelopment opportunity set on a substantial 956 square metre block with R50 zoning. The zoning allows medium to high-density residential development, providing scope to retain the existing four-bedroom, single-bathroom home while exploring potential subdivision or redevelopment options, subject to council approval.

The existing residence serves as a functional living space or a rental investment while prospective buyers consider the property's future potential. The level land and strategic location in a sought-after Bedford neighbourhood make this an attractive proposition for developers, investors, and home renovators alike.

The land's generous size and zoning align well with the increasing demand for multi-unit developments, maximising land value and tapping into the area's growth trajectory. Easy access to key amenities, including Morley Galleria and Dianella Shopping Centres, local schools, parklands, and public transport, enhances the property's appeal. Moreover, proximity to Perth CBD, approximately eight kilometres away, supports a convenient urban lifestyle.

Buyers are encouraged to undertake their own due diligence regarding development possibilities, planning requirements, and approvals with the City of Bayswater, as this property provides a rare canvas for those looking to capitalise on land value and future growth.

Local Market Insights

In Bedford, Quiet Listings observed 8 new houses entering the market over the last 30 days, down from 16 during the previous 30-day period, with an average advertised asking price of $1,613,125. The property type mix of listed properties is predominantly Houses at 65%, followed by villas (12%), and townhouses (12%). The most active agency for houses in the Bedford area is currently Belle Property, representing 38% of new listings, followed by Bourkes 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.