Your next project is incoming - and it's a good one.
Homebuyers, investors and developers alike will see the appeal here.
Tucked into a highly sought-after pocket between the Swan River and Bayswater Town Centre (both an easy stroll away), the location alone sets this apart.
Set across a generous 1,055sqm with R30 zoning, plus a solid, income-producing home already in place, this is a textbook retain-and-build opportunity.
The existing home delivers three genuinely big bedrooms and expansive, light-filled open-plan living. The floor plan works beautifully as is, with scope to add a second bathroom (hello, laundry conversion) and elevate the home further.
Sites of this scale and zoning, so close to the river and town centre, are few and far between.
INFO:
*1,055sqm of land
*R30 Zoning
*Rented at $650 per week until March - tenant has indicated they'd be interested in extending the lease further
*City of Bayswater
Council rates: $1,936.52 p.a
Water rates: $1,153.57 p.a
This property at 65 Leake Street, Bayswater is a three bedroom, one bathroom house sold by Carlos Lehn and Chloe Allen at Beaucott Property Group on 29 Jan 2026.
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.
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.
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.