117/138 Barrack Street, Perth WA 6000

1-bed city apartment | heritage overlay | one secure car bay | strong rental yield potential This property offers a rare combination in Perth’s CBD: a full-sized one-bedroom apartment with a dedicated car space and a floorplan that reaches 80 square metres, which is noticeably larger than most modern infill units. Its position on Barrack Street places it within walking distance of transit, retail, and the Elizabeth Quay precinct, giving it strong appeal for both professional owner-occupiers and investors targeting the city-living demographic. The heritage overlay does not restrict internal use but may limit external alterations, which for most buyers is not a material concern. The primary risk is valuation inconsistency, with some estimates falling below the current listing price, meaning a buyer should rely on recent comparable sales rather than automated figures. The 2012 purchase price of $465,000 provides a long-term benchmark, and the estimated weekly rent of $685 supports a yield that outperforms many Perth apartments. The heritage overlay is an opportunity for those seeking character stock, as it often insulates the property from oversupply in newer developments. A physical inspection is essential to verify the virtual staging and assess natural light and noise levels.