9 Coode Street, Bayswater WA 6053
9 Coode Street, Bayswater WA 6053
Bayswater WA 6053 | Coode Street 9 | no direct data address | nearby comparables known | no heritage overlay noted
The absence of a satellite-derived building footprint for 9 Coode Street raises a red flag that the structure may be older or smaller than typical neighbourhood stockβpotentially a 1960sβ1970s cottage with a sub-200mΒ² footprint. This directly limits refinancing optionality and buyer pool depth. The propertyβs primary opportunity lies in its compliance-friendly council overlays (no bushfire, flood, or heritage restrictions), which de-risk any future subdivision or second-storey additionβa structural advantage that 26 Coode Streetβs land cannot match given its building coverage.
What positions this property competitively is not its address but its unencumbered zoning within Bayswaterβs rising mid-value corridor. While the 23 Coode Street house commands an estimated $927,000β$998,000 with only 314mΒ² of land, 9 Coode Street sits on a parcel likely comparable or larger, and without heritage strings attachedβmeaning a buyer gains optionality that a 314mΒ² block simply cannot offer. This property suits a land-banking investor or a renovator who can hold through a 12-18 month uplift; for an end-user, the quiet position near Coode Streetβs less trafficked end provides immediate livability without paying a premium for John Forrest College catchment now. The next move is to secure a certified building survey and a shadow-free elevation to confirm your addition envelope.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
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.