Sterling Property is pleased to present 40 King William Street, Bayswater, a prominent inner-metro corner development site ideally located just 400m* from the newly upgraded Bayswater Train Station and moments from the Bayswater Primary School.

Set on a generous 1,042sqm* landholding with flexible R40 zoning, the property is well suited for boutique residential subdivision, build-to-sell, build-to-rent or a small-scale apartment project (STCA). The site also benefits from an existing 4-bedroom character home with pool and garage, offering holding income potential or an opportunity for a staged development strategy.

Bayswater continues to experience strong capital growth and rental demand, driven by its leafy residential appeal, new infrastructure, and excellent connectivity, making this a highly strategic infill opportunity.

Key Features:

• 1,042sqm* corner landholding with R40 zoning
• 4 lots of townhouses possible STCA
• Flexible development potential: subdivision, apartments, or staged project (STCA)
• High-exposure site with dual street frontage – ideal for design efficiency
• Existing 4-bedroom character home with pool & garage
• Previously leased at $620/week – potential for holding income
• 400m* to Bayswater Station (recent $253M redevelopment)
• 200m* to Bayswater Primary School
• Just 7km* to Perth CBD and 2km* to Morley Galleria
• Flexible development potential: subdivision, apartments, or staged project (STCA)

Location Highlights:

• Within walking distance to local schools, train station and village cafés
• Moments from Beaufort Street, Maylands and Morley amenity
• Excellent connectivity to Perth CBD via rail and road
• Median House Price: $1,015,500
• 12-Month Capital Growth: 21.3%
• Median Rent: $725/week

For additional information including the IM, please contact the exclusive selling agents Simon Brady and Jack Bradshaw.