11 Hamilton Street, Bayswater WA 6053

11 Hamilton Street, Bayswater | 549m² R40 block | 1918-1940 character | 8m roof height | medium density upside The property’s primary competitive strength is its R40 zoning on a 549m² lot, which positions it well above typical Bayswater houses in terms of future yield or redevelopment optionality. The 8m roof height and 23m ground elevation give it a structural and drainage advantage over nearby lots, while the 190m² building footprint indicates generous internal space despite the older era. This property best serves a buyer seeking medium-term land banking with immediate rental income, as the $700pw average return and 5G coverage support strong tenant demand. The 1918-1940 build era, combined with no heritage overlay, means the house can be renovated or replaced without council constraints. The primary risk is the 1 bathroom configuration, which limits appeal to families and caps rental growth at the lower end of the $635-$765pw range. The buyer should budget for a bathroom addition or reconfiguration to unlock the full R40 potential. The last sale at $670,000 in 2019 suggests the current $1.426m valuation reflects land value appreciation more than building condition. Commercially, the opportunity is to hold for 3-5 years, renovate the bathroom, and then either sell into the medium-density redevelopment market or lodge a subdivision application. Use this property as a core hold with a renovation trigger.