312/74 Price Street, Subiaco WA 6008

Third floor botanical complex | dual-aspect two-bedder | Subiaco prime pocket | high walkability zone | strata-titled with two car bays. This property occupies a defensible position in Subiaco’s premium apartment tier: a 2018-built, third-floor unit in the Botanical complex, offering 120m² of internal space with two secure car bays—rare for a two-bedroom apartment at this price point. The herringbone timber floors, ducted reverse-cycle air conditioning, and balcony with outdoor entertainment area lift it above entry-level stock, while the 2112m² strata lot implies reasonable sinking fund reserves. It serves best a professional couple or downsizer who values lock-and-leave convenience within walking distance of Subiaco’s retail and train station, and who may also consider it as a medium-term hold given the $840–$1,030 weekly rental potential. The primary risk is pricing: the $975,000+ ask sits near the top of the estimated $930,000–$1.14 million range, meaning the buyer pays for the complex’s reputation and recent build quality rather than any structural discount. The 2017 sale history and recent lease approval suggest the unit has been held as an investment, so inspect for wear in common areas and strata minutes regarding special levies. The opportunity lies in negotiating below the midpoint—around $1,035,000—using comparable sales from the same complex or nearby 2018–2020 builds. Hold this property as a primary residence for lifestyle or as a low-management rental with Subiaco’s consistent tenant demand.