7/188 Adelaide Terrace, East Perth WA 6004

Secure tenant locked in at below-market rent | limited capital growth from 2007 floor | balcony and courtyard add usable space | lease limits exit flexibility until mid-2026. The property’s fixed lease at $555 per week until July 2026 caps rental income below current market estimates for this location, costing you around $50 to $80 weekly in forgone yield compared to a vacant possession reset. The 17sqm balcony and private courtyard give this unit a competitive edge over standard one-bedroom apartments, translating to stronger long-term demand from owner-occupiers once the tenant vacates. While East Perth units have appreciated slowly since 2007, this purchase works best as a hold-and-wait play for someone who values time over flipping. The 93sqm total area with dedicated car bay and storage is rare for a one-bedroom in this price bracket, positioning you above smaller studio or one-bedroom offerings nearby. Resort amenities like the lap pool and gym improve tenant retention and resale appeal to professionals working in the CBD. This property suits a buyer seeking secure cashflow with a clear path to occupation in two years, rather than instant capital gains or short-term flexibility. For buyers focused on long-term hold, the tenant-in-place structure removes vacancy risk while you build equity. Check your borrowing capacity against the lease expiry date before proceeding