38/35 Wellington Street, East Perth WA 6004
38/35 Wellington Street, East Perth WA 6004
This is a 57 square metre two-bedroom one-bathroom apartment with one secure car space in the Vibe complex on Wellington Street East Perth. It offers a compact but functional floorplan typical of modern high-density infill development close to the city.
What is competitively strong here is the price point relative to the configuration. A two-bedroom apartment under six hundred thousand dollars in a complex with a gym and pool is increasingly rare this close to the CBD. The property sits within a well-established high-density corridor where demand is consistently driven by professionals and couples who prioritise walkability to work and city amenity over internal square metres. The 2012 build date means it avoids the depreciation curve of brand new stock while still offering contemporary finishes and security. This unit serves best the buyer who wants genuine city fringe access without paying a premium for a larger floorplan or a boutique low-rise building.
What might materially affect value is the noise exposure from Wellington Street which is a main arterial route and could factor into resale appeal for light sleepers. The 57 square metre internal area is at the smaller end for a two-bedroom so living spaces may feel tight for anyone accustomed to suburban proportions. The absence of a designated study or second living zone limits its appeal to couples without children or investors targeting single professionals. Buyers should also weigh the body corporate fees typical of a complex with pool and gym amenities as these recurring costs directly impact holding affordability and net yield over time.
Detailed Independent Property Report prepared by PropCred Analyst team for 38/35 Wellington Street, East Perth WA 6004
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
East Perth’s proximity to the CBD and transport infrastructure underpins its desirability. Demand is driven by investors and first-home buyers competing for limited stock, particularly at the market’s lower end, supported by strong population growth. This competition, amid a severe shortage of listings, has accelerated price growth and compressed selling times. Future momentum relies on the persistent supply-demand imbalance, though the primary constraint remains the acute shortage of quality housing stock.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
1173m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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