112/81 King William Street, Bayswater WA 6053

End townhouse | Bayswater school zone | Flood overlay present | High rental yields This two-bedroom end townhouse offers a competitively rare entry into the Bayswater Primary and John Forrest Secondary catchments, a persistent demand driver. Its status as an end unit and single car space provide functional differentiation within a large complex of 212 properties. The strong rental yields from comparable units, consistently above 6.5%, position this property solidly for an investor or an owner-occupier seeking future income flexibility, supported by a resident base showing significant long-term tenure. The principal decision factor is the flood overlay, a tangible risk that necessitates immediate due diligence on insurance costs and potential future capital impact. However, the recent sales velocity within the building demonstrates clear demand, with holding periods from one to twelve years still yielding substantial annual growth. Acquire with explicit flood due diligence, but hold for the long-term catchment advantage and yield strength, which underpin its fundamental utility. Recent sales within the building show a compressed range from $420,000 to $475,000, with high annualised growth rates on shorter holds. This transaction history supports a value proposition materially below the current $599,000 asking price, indicating the listed premium requires significant justification through the property’s specific attributes or recent improvements.