65/54 Mill Point Road, South Perth WA 6151
65/54 Mill Point Road, South Perth WA 6151
3 bed 2 bath 2 car | 142 sqm river-adjacent apartment | downsizer and professional appeal | larger than typical South Perth stock
This apartment is competitively positioned as a larger-than-average floorplan in a river-adjacent suburb where smaller dwellings dominate. The three-bedroom, two-bathroom configuration with two car bays is relatively rare in South Perth’s apartment stock, making it particularly suited to downsizers seeking space without a house, or professionals wanting room for a home office. The reported 142 square metres and elevated aspect above the Swan River suggest a property that commands a view premium and offers internal volume not found in standard units. Owner-occupiers are likely the strongest buyer group here, drawn by the combination of size, parking, and proximity to the CBD and foreshore.
The August 2023 market reference of $575,000 may not reflect current conditions, and the absence of confirmed floor level, balcony dimensions, and renovation status means the view and finish quality cannot be fully priced without inspection. Strata costs and building age are not verified, which could materially affect holding costs and borrowing capacity. The property’s value may be supported by its configuration edge, but a buyer should weigh whether the reported size translates to usable layout and whether the river aspect is unobstructed or shared. Without settled comparable sales nearby, forming a precise price view requires direct comparison with similar-sized apartments in the immediate building or street.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 65/54 Mill Point Road, South Perth WA 6151
Market Insight:
South Perth is a premium riverside suburb offering exceptional lifestyle and CBD proximity. Demand is driven by downsizers, interstate migrants, and those priced out of eastern capitals, competing for limited stock in a chronically undersupplied market. This has fuelled strong recent price growth across housing segments. Future growth is underpinned by sustained migration and low vacancy rates, though key constraints include declining affordability and a persistent shortage of listings, particularly at entry-level price points.