3/32 Trafalgar Road, East Perth WA 6004
3/32 Trafalgar Road, East Perth WA 6004
Three-bedroom, two-bathroom apartment | boutique East Perth complex | larger-than-average floor plan | premium amenity focus | value tied to level and outlook
This is a genuinely well-configured unit for the East Perth market. At three bedrooms and two bathrooms with secure parking, it competes directly with the better-end stock along Trafalgar Road, where floor plans are noticeably more generous than the typical investor apartment in the suburb. The building itself is boutique and secure, with the sort of amenity—pool, spa, gym—that attracts owner-occupiers and downsizers who want inner-city living without the maintenance of a house. The location is a structural strength: close to Claisebrook Cove, the river, Victoria Gardens, and the CBD, which makes it a strong fit for professionals and empty-nesters who value walkability and lifestyle over pure yield. This unit serves that buyer best, and the demand character reflects it.
The value picture here is shaped less by the configuration and more by the specifics of the individual unit. Floor level, orientation, and outlook are the primary drivers, and those are not confirmed for this particular apartment. Within the same building, units have traded at very different prices depending on those factors, so the spread is wide. The finishes and fit-out also matter materially—whether the kitchen and bathrooms have been upgraded, and whether the flooring and air-conditioning are of a standard that matches the better comparables in the street. Parking and storage allocation may also affect the final figure, as these are not uniform across the building.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/32 Trafalgar Road, East Perth WA 6004
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
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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: 6/32 Trafalgar Road sold for $940k in 2022; a 3×2 ground-level unit at 29 Trafalgar Road sold in the upper $1.7M range | Property Price Band: $1.0M–$1.1M | Value Drivers: floor level and outlook, internal fit-out quality, parking and storage allocation
Bedrooms
3
Bathroom
2
Parking
2
Land
735m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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