7/346 Barker Road, Subiaco WA 6008
7/346 Barker Road, Subiaco WA 6008
2-bed 2-bath apartment with 63sqm terrace | Prime Subiaco location near train, schools, hospital | Premium finishes throughout | Strong rental demand | Larger-than-typical unit footprint
This apartment stands out in Subiaco primarily due to its 63sqm wrap-around entertaining terrace, a feature that is rare for a 2×2 unit in this suburb and effectively extends the living space well beyond the 83sqm internal area. The combination of oak timber flooring, stone benchtops, Bosch appliances, ducted reverse-cycle air conditioning, and secure basement parking positions it as a premium product within the local apartment market. The mixed-use building context, with lift access and swipe-card entry, adds convenience and security that appeals strongly to downsizers, professional couples, and medical workers drawn to the proximity of St John of God Hospital, Subiaco Train Station, and Kings Park. Owner-occupiers seeking a walkable, low-maintenance lifestyle will find this configuration particularly well-suited, as the terrace creates an indoor-outdoor connection that typical Subiaco apartments lack.
The property’s value may be influenced by its position within a mixed-use complex, which could affect buyer perceptions of exclusivity compared to a purely residential building. The lack of confirmed floor level and aspect introduces some uncertainty, as terrace orientation and privacy can materially impact desirability. School catchment access to Subiaco Primary and Bob Hawke College may strengthen demand from families, though this is not a primary driver for the likely buyer profile. The 2024 sale history and strong rental estimates suggest the property has performed well, but buyers should weigh the premium terrace against the absence of a confirmed build year and the potential for body corporate fees associated with a building that includes commercial space.
Detailed Independent Property Report prepared by PropCred Analyst team for 7/346 Barker Road, Subiaco WA 6008
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
URL has been copied successfully!
Market Insight
Subiaco’s median house price sits at $1.97 million, with annual growth between 9.4% and 16.4% across sources; units median $742k–$760k with growth of 14–16%. Houses sell in 11 days, reflecting tight conditions. Demand is led by lifestyle-focused first-home buyers, downsizers and investors, attracted to apartments for affordability and low-maintenance living. Rental yields are 2.98% for houses and 5.15–5.5% for units, with median house rents of $983–$1,100 and unit rents around $745–$750 weekly. The suburb’s renaissance and record business confidence underpin future demand. Key constraints: the entry price for houses blocks many buyers, and limited apartment stock remains. 114–115 house sales over the year indicate low turnover but firm pricing.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 13/346 Barker Road sold 2024 at $750k; same-building 2×2 layout | Property Price Band: $1.1M–$1.2M | Value Drivers: Terrace size, premium condition, secure parking with lift access
Bedrooms
2
Bathroom
2
Parking
1
Land
1293m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!