97/2 Milyarm Rise, Swanbourne WA 6010
97/2 Milyarm Rise, Swanbourne WA 6010
Single-level 3 bed 3 bath apartment | 150m² with entertainer’s balcony | Resort-style amenities | Premium Swanbourne address | Lock-and-leave living
This is a genuinely rare configuration for Swanbourne, where most apartment stock is smaller or split across two levels. A full-size three-bedroom, three-bathroom single-level layout with a large balcony and two car bays puts it at the top end of what this precinct offers. The resort amenity package—pool, sauna, steam room, gym, dining room, wine room—moves it beyond standard unit living and into a lifestyle product. It suits downsizers from family homes who want space without stairs, executive buyers wanting a lock-and-leave base near the coast, and school-catchment families who value the Swanbourne Primary and Shenton College combination. The 2016 build is recent enough to feel contemporary, and the former school-site redevelopment context gives the estate a settled, established character rather than a construction zone.
The main factor to weigh is the ongoing cost of strata living, with comparable units showing quarterly levies around $2,600–$2,900, which is meaningful but not unusual for this level of shared amenity. The exact floor level and aspect are not confirmed, and those details can shift value noticeably—a higher floor with a clear outlook is worth more than a lower one with a restricted view. Rental demand appears firm, with similar units in the complex showing gross yields near 5.5–6%, which supports either owner-occupier or investment scenarios. The heritage overlay on the broader site may limit future development, but that is unlikely to affect a completed apartment. Buyers should also consider that the balcony, while large, is the only private outdoor space, so the internal layout needs to work well for daily living.
|| Comparable Sales: 35/2 Milyarm Rise 3 bed 2 bath sold $1.65M; 92/2 Milyarm Rise 2 bed 2 bath sold with 94m² internal plus 27m² balcony | Property Price Band: $1.5M–$1.6M | Value Drivers: single-level layout, resort amenity package, school catchment position
Detailed Independent Property Report prepared by PropCred Analyst team for 97/2 Milyarm Rise, Swanbourne WA 6010
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Renowned for its excellent connectivity and vibrant lifestyle, Swanbourne delivers a premium residential experience that fiercely attracts established professionals and affluent upgraders. Properties here have seen robust, sustained price compounding recently, functioning as a highly resilient market perfectly suited for buyers seeking a forever home or a blue-chip investment. However, prospective buyers must be prepared for highly competitive purchasing conditions and should watch out for strict local heritage overlays that can restrict future renovations.
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PropCred Estimated Value
Comparable Sales: 35/2 Milyarm Rise 3 bed 2 bath sold $1.65M; 92/2 Milyarm Rise 2 bed 2 bath sold with 94m² internal plus 27m² balcony | Property Price Band: $1.5M–$1.6M | Value Drivers: single-level layout, resort amenity package, school catchment position
Bedrooms
3
Bathroom
3
Parking
2
Land
1.62 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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