4/3 Leeder Street, Glendalough WA 6016

4/3 Leeder Street, Glendalough WA 6016
Older 1970s walk-up | Lift access & secure entry | 2-bed, 1-bath, 1-car format | Strong rental demand near rail | Parkland outlooks from upper floors This unit sits within a well-established apartment complex that offers a practical, low-maintenance lifestyle rather than premium finishes. The configuration is efficient, with a separate kitchen, open living and dining, and a balcony that extends the usable space. Upper-floor south-facing units capture parkland and city views, which is a genuine point of difference in this pocket. The building’s lift access and secure entry add convenience that many comparable older complexes lack. It serves downsizers, first-home buyers, and investors best, given the reliable rental demand driven by proximity to Glendalough station, bus routes, and the freeway. Innaloo’s retail hub is roughly eight minutes away, which strengthens everyday appeal. The building’s age may mean the interior feels dated compared with newer infill stock, though some units have been renovated with updated walls, benchtops, and flooring. Strata fees are moderate, around $650–$750 per quarter, which is a material ongoing cost to weigh. Unit sizes vary noticeably, from 66 sqm one-bedrooms to larger three-bedroom layouts, so the specific floor plan and aspect will influence how this unit compares. The 1971 construction and potential for older fixtures might require budgeting for updates, but the location and transport access remain solid value anchors. || Comparable Sales: 35/16 Leeder Street sold $468,000 Dec 2025; 95/16 Leeder Street sold $219,000 Aug 2021 | Property Price Band: $400,000–$500,000 | Value Drivers: floor height, aspect, renovation level, car accommodation
Detailed Independent Property Report prepared  by PropCred Analyst team for 4/3 Leeder Street, Glendalough WA 6016
Checks found:
Value Risk 2
Liquidity Risk 2
Planning Risk 2
Income Risk ! 1
Execution Risk
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Market Insight

Glendalough is a tightly held inner-city suburb attracting young professionals, evidenced by its dominant demographic and high household incomes. Demand is driven by its prime location near Perth and key infrastructure, creating a competitive market with very low days on market. Recent price growth has been strong, though some data indicates a potential moderation in the compound rate. Future growth is underpinned by a healthy demand-to-supply ratio, with the key constraint being affordability pressures as prices sit above the state average.
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PropCred Estimated Value

Comparable Sales: 35/16 Leeder Street sold $468,000 Dec 2025; 95/16 Leeder Street sold $219,000 Aug 2021 | Property Price Band: $400,000–$500,000 | Value Drivers: floor height, aspect, renovation level, car accommodation

Bedrooms

2

Bathroom

2

Parking

1

Land

868m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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