1/19 Lindsay Street, Perth WA 6000

Ground-floor warehouse conversion | 13-residence boutique complex | 2-bed 2-bath with courtyard | Serves discerning owner-occupiers and yield-focused investors This property stands out in its suburb for being the only ground-floor residence in a small warehouse conversion complex, offering direct courtyard access and added privacy that is rare in inner-city apartment stock. Its industrial character and practical layout appeal strongly to owner-occupiers, professional couples, and downsizers seeking architectural uniqueness over generic high-rise amenity. The combination of a 2-bed, 2-bath configuration with a single car space and a courtyard positions it above standard investor-grade apartments on character and utility, while remaining below luxury penthouse product on elevation and resort features. For investors, estimated yields around 5.5% to 5.65% and rent near $805 to $810 per week suggest solid rental demand driven by central location and the distinctive conversion format. The value of this property may be influenced by its heritage overlay, which could limit future modifications and affect insurance costs, though it also preserves the building’s character appeal. The unresolved sale history—one source indicates a 2014 sale while another suggests January 2024—creates uncertainty about recent market movement, so the buyer should verify transaction records directly. The ground-floor position might trade off against elevated views and natural light, but the courtyard and direct access are compensating strengths. The small 13-residence complex means fewer strata levies may be shared, and the absence of a construction year implies an older adapted structure that may require closer inspection of building condition and maintenance history.