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This is a no brainer!
OPEN BY APPOINTMENT - please contact agent to arrange an inspection.
What we love...
Its not often at all that a property comes along with a multitude of layers to what it can offer. Well, this is one of those properties. Not only does it have the potential to subdivide, but it has a character home that can either be your home, or you can keep it as it stands as an extremely lucrative Air BNB earning approximately $80,000 per annum.
For the right buyer, this property is an absolute no brainer. As Perth’s property marker continues to grow and our inner city living is becoming more and more desirable, a property like this not only has the land bank opportunity but holds a location that will become more and more difficult to find being located a stone’s throw away from our inner urban fringe village centres such as Mayland, Bayswater and the trendy Beaufort Street as well as all train stations and other public transport routes ,minutes from Perth city itself.
What to know...
FEATURES
Main house built in circa 1948
Approx 957sqm Block
Currently zoned R60
Main house hold two “apartments” each with it’s own bedroom, living area, bathroom and kitchen
Separate side “studio” which is a self contained 1 bedroom, 1 bathroom space
Both spaces have been cared for immaculately and in incredibly good condition.
All appliances are included in the sale
The main house holds all those special 1940s features from high ceilings and jarrah floor boards throughout.
Large bedrooms, modern bathrooms and modern kitchen with stainless steel appliances and stone bench tops.
Fire places in both front apartments
The studio holds a living area, double murphy bed, living area and bathroom and storage area
NBN in both buildings
Reverse cycle air-conditioning
Sky lights
Large expansive block with the back area fenced off.
Property can potentially be retained and subdivided. Subject to Council Approval.
Air BNB has a 100% booking at approx. $80,000 gross income per annum
DISTANCES AND LOCAL AMENITIES
Minutes to Beaufort St
Minutes to Maylands and Bayswater Village precints
Minutes to Meltham and Mayland Train Stations
Short Drive to Morley and the Galleria shopping village
Surrounded by public transport routes
20 minutes to the Airport
Short drive or train ride into Perth CBD
Short drive to access Reid Highway and other major transport routes
PROPERTY INFORMATION
Council Rates: Approx $1,800 per annum
Water Rates: Approx $1,000 per annum
Block Size: 957sqm
Living Area: TBA
Build Year: Approx 1948
Dwelling Type: House
Floor Plan: Available on advert and at home open
Who to talk to...
Do get in touch with Natalie Arnold – 0423945159 for a viewing or private inspection. Always happy to help where I can
Property features
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Garages
1
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Carports
2
Property snapshot by reiwa.com
This property at 9 Grand Promenade, Bayswater is a three bedroom, three bathroom house sold by Natalie Arnold at Realmark Urban on 20 Oct 2024.
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
$1.1m
Median
$880k
Low end
$763k
19.5 %
Annual growth
$880k
Annual median sales price
$700pw
Annual median rental price
