Endless Possibilities on 723 sqm of Elevated Land

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20 Anzac Street, Bayswater WA 6053

Offers From $1,000,000

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$1M - $1.05M Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 1 Car 723 m² 123 m²

Listed: 8 days ago

Updated: 4 days ago

Overview

This property offers a unique combination of an established three-bedroom home set on a generous 723 square meter elevated land parcel, showcasing significant potential for future development or redevelopment subject to council approvals. The sizeable block and prominent elevation provide an excellent foundation for buyers seeking space and flexibility, ideal for those who wish to renovate, redevelop or invest with long-term growth prospects.

The home, built in 1956, includes a single bathroom and a parking space, with a floor space of around 123 square meters. Featuring practical outdoor areas and solid floorboards, the current layout balances liveability while allowing for modernisation or redevelopment plans. It is suited for a range of buyers including investors attracted to the growth potential, families looking for space to expound, or developers exploring planning opportunities.

Strategically located in Bayswater, this property benefits from convenient access to key transport routes and local amenities. The proximity to the Swan River and Bayswater Train Station enhances lifestyle options, while Tonkin Highway and Perth Airport are just minutes away, offering excellent connectivity to Perth CBD and surrounding suburbs. The location underlines both lifestyle convenience and investment appeal.

In summary, the combination of substantial land size, elevation, and a functional existing home presents a rare opportunity to secure a promising asset in a highly sought-after area. Whether for immediate living, redevelopment, or long-term holding, it represents potential waiting to be realised in a strong property market.

Established 3-bedroom home on elevated 723sqm block
Single bathroom and dedicated parking space
Floor area of approximately 123sqm
Outdoor living with solid floorboards
Excellent location near Swan River, train station, and major transport routes
Strong redevelopment or investment potential subject to approvals

Local Market Insights

In Bayswater, Quiet Listings observed 14 new houses entering the market over the last 30 days, up from 10 during the previous 30-day period, with an average advertised asking price of $1,217,643. The property type mix of listed properties is predominantly Houses at 70%, followed by land (22%), and villas (9%). The most active agency for houses in the Bayswater area is currently Lay2 Real Estate, representing 14% of new listings, followed by Reiwa with 14%. 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.