1/7 Muriel Avenue, Innaloo WA 6018

1/7 Muriel Avenue, Innaloo WA 6018
2×1 apartment with parking | 66mยฒ on 117mยฒ strata lot | high ceilings and cornices | long owner-occupier tenure in building | $500k sale in Dec 2023 This is a compact two-bedroom apartment in an established Innaloo building, with a floor area of 66mยฒ that is typical of older low-rise stock. The high ceilings and unique cornices noted in the listing point to character-era construction, which often appeals to buyers seeking more personality than contemporary builds offer. The building’s long average owner-occupier tenureโ€”over six yearsโ€”suggests a stable, well-maintained environment that suits downsizers or investors looking for lower-maintenance living near retail and transport corridors. The single parking space is standard for this product type and location. The $270,000 spread between the Dec 2023 sale of 1/7 and the Dec 2025 sale of 3/7 within the same building is a material signal that finish, position, or renovation state may drive significant value differences here. Without confirmed details on orientation, floor level, or whether the apartment has been updated, a buyer should weigh how these factors might affect both livability and resale. The compact floor area may also limit appeal for families or those wanting more space, though it remains competitive for the target downsizer or investor market.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 1/7 Muriel Avenue, Innaloo WA 6018
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Market Insight:

Innaloo is a well-connected suburb offering a compelling mix of urban convenience and coastal proximity, anchored by major retail facilities. Demand is driven by a young demographic seeking lifestyle benefits, reflected in a consistently fast-moving market with strong recent price appreciation. Future growth is underpinned by its enviable location and low vacancy rates, though high entry costs and sensitivity to economic conditions present key considerations for buyers.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

117mยฒ

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