13 Toowong Street, Bayswater WA 6053

13 Toowong Street, Bayswater WA 6053
Inner-east location | renovation-ready stock | strong family demand | R25 redevelopment potential | compact land This property sits within a street where older homes and substantially upgraded family houses sit side by side, and that mix tells you a lot about what buyers here are actually looking for. The immediate area shows a clear pattern of renovation-driven value, with improved houses drawing strong owner-occupier interest and solid resale performance. For a buyer prepared to update or extend, this location offers a rare combination of established character and redevelopment flexibility under the current zoning. The property is best suited to families wanting to build equity through improvement, or investors seeking a well-located dwelling with dependable rental appeal. The land size and the condition of the existing house will likely be the two biggest factors shaping what this property is worth. If the house is liveable but dated, the value sits in the land and the potential to add a second dwelling or renovate. If it has already been modernised, the premium shifts toward presentation and move-in readiness. The moderate yield signal in the area suggests rental demand is solid but not exceptional, so the strongest value case is probably owner-occupier driven rather than investment led. Buyers should weigh the cost of upgrades against the price premium already built into renovated comparables nearby. || Comparable Sales: 73 Toowong Street sold at $1.316M; 71 Toowong Street listed with extensive upgrades on a larger corner block | Property Price Band: $1.2M–$1.3M | Value Drivers: land size, condition, redevelopment potential under R25 zoning
Detailed Independent Property Report prepared  by PropCred Analyst team for 13 Toowong Street, Bayswater WA 6053
Checks found:
Value Risk 2
Liquidity Risk ! 1
Planning Risk
Income Risk 2
Execution Risk ! 1
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Market Insight

Bayswater is a well-connected inner-city suburb attracting a diverse demographic of young professionals, families, and downsizers, driving strong demand. This has fueled exceptionally high price growth across both houses and units, with a notably rapid sales pace indicating a highly competitive market. Future prospects are underpinned by its established transport links and amenity, though sustained affordability may emerge as a key constraint given the current growth trajectory.
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PropCred Estimated Value

Comparable Sales: 73 Toowong Street sold at $1.316M; 71 Toowong Street listed with extensive upgrades on a larger corner block | Property Price Band: $1.2M–$1.3M | Value Drivers: land size, condition, redevelopment potential under R25 zoning

Bedrooms

3

Bathroom

1

Parking

2

Land

321m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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