Sold
5 Hotham Street, Bayswater WA 6053
Sold price: $790,000
Sold: 02 Jul 2023
Sold
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3 Bedrooms
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1 Bathroom
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Landsize 726m2
House
View
Build 4 or 5 on this Development Block
Development Site.......plus some current cash flow.
This property has a special Zoning that allows you to build 4 or even 5 x two storey townhouse style homes with lots more building density than the standard R25.
Try to find another development site with a high density like this site has at this price range within 6kms from the city, you will not.
The RAC 3 zoning allows 3 or 4 storey so maybe you could build apartments for a super cashflow in your super fund by renting the apartments out?
Top of the hill location with views to city buildings in one of West Bayswater's best streets.
Secure this property today as part of your growth strategy.
Call Steve Lay on 0419 191 100 or Tom Sideris on 0403 163 167 to view.
Property features
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Patio
Property snapshot by reiwa.com
This property at 5 Hotham Street, Bayswater is a three bedroom, one bathroom house sold by Steve Lay and Tom Sideris at Lay2 Real Estate on 02 Jul 2023.
Looking to buy a similar property in the area? View other three bedroom properties for sale in Bayswater or see other recently sold properties in Bayswater.
Nearby schools
Bayswater overview
Bayswater is located on the northeastern side of the Swan River. It is approximately seven kilometres from the Perth CBD and close to Maylands, Morley and Embleton. Bayswater is part of the City of Bayswater municipality, which is colloquially known as the ‘Garden City’. The inner metro suburb, which has a total land area of 10 square kilometres, began its major suburban development in the late 1880s.
Life in Bayswater
Bayswater offers its residents a classic suburban environment close to urban conveniences. The Bayswater Train Station is a major feature of the suburb, which makes commuting around the Perth metro area very easy for locals. There are also plenty of schools within the area, and it is close to parks and other desirable amenities. The Morley Galleria, which is a major Perth shopping centre, is just a short drive away.
Bayswater quick stats
High end
$965k
Median
$838k
Low end
$700k
15.5 %
Annual growth
$838k
Annual median sales price
$650pw
Annual median rental price
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