4/42 Bronte Street, East Perth WA 6004
4/42 Bronte Street, East Perth WA 6004
3×2 single-level apartment | Boutique 12-unit complex | Walk to stadium & CAT | Pool, spa, fresh renovation | Strong rental depth
This apartment holds a rare configuration for East Perth: a genuinely spacious three-bedroom, two-bathroom layout on one level within a small, low-density complex of just twelve residences. The 1998 build has been thoughtfully refreshed—new timber-look flooring, updated lighting, a modern kitchen with gas cooking and a new dishwasher—so it moves beyond dated inner-city stock without requiring immediate work. The shared plunge pool and spa add lifestyle appeal, while secure intercom and separate storage cover practical needs. This suits owner-occupiers who want inner-city convenience without high-rise living, downsizers seeking single-level comfort, or investors chasing dependable rental demand from professionals and small families drawn to the CBD, Royal Perth Hospital, and the stadium precinct.
Its value may be shaped by strata costs typical of older complexes, limited private outdoor space, and the building’s smaller scale compared to newer developments. The 93 sqm internal area is generous for a three-bedroom apartment, but the single allocated car bay might be tight for households with two vehicles, though permit parking options may exist. The 1998 construction and boutique setting could appeal to buyers prioritising character and space over brand-new finishes, while the strong weekly rental estimate suggests solid income potential if leased. These factors are worth weighing against newer townhouse alternatives nearby, which offer different trade-offs in format and age.
Detailed Independent Property Report prepared by PropCred Analyst team for 4/42 Bronte Street, East Perth WA 6004
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
East Perth sits on the Perth CBD fringe with strong transport links and steady buyer interest. Investors and first-home buyers drive demand, supported by interstate and overseas migration. House price estimates range $1.05m–$1.55m, with annual growth of 13.6%–19.2%; units sit around $596k–$620k, growing near 17%. Houses sell in a median 14 days, with listings about 45% below the five-year average. Rental yields are modest for houses (3.0%–4.8%) but stronger for units (6.2%–6.5%), with median rents at $1,000 and $750 per week. Key risks are tight supply, scarce established stock, and low inventory driving price competition. Future growth relies on persistent supply shortfalls and population pressure, though affordability and rate sensitivity may temper momentum.
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PropCred Estimated Value
Comparable Sales: 42 Bronte Street units sold $445k–$465k for smaller 3×1 layouts; 10/39-41 Bronte townhouse 3×2 at comparable inner-city pricing | Property Price Band: $700K–$800K | Value Drivers: Fresh renovation, single-level spacious layout, boutique complex amenities
Bedrooms
3
Bathroom
2
Parking
1
Land
1015m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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