20 Windsor Street, Perth WA 6000

4 bed 1 bath townhouse on 350m² near East Perth Station, a 1920s build. Classic four-bedroom townhouse with a single bathroom and dual open car spaces, spanning 131m² internal area on a generous 350m² lot. Positioned on the edge of inner-city vibrancy and established residential calm, it sits under 500m from East Perth Station for easy CBD access while being buffered by tree-lined streets. It appeals to families seeking space without high-rise density, young professionals upgrading to a larger footprint, or investors seeking reliable yields in a tightening rental market. Demand remains strong for character homes like this amid limited stock—though the single bathroom may limit some family appeal. The layout suits renovators looking to add value through a bathroom expansion or rear extension, given the substantial lot size for the postcode. It lies in Vincent Council with no development overlays, and features NBN Fibre to curb plus 5G for modern connectivity. The location offers walkability to Highgate Primary and Mount Lawley Senior High, attracting families from nearby professional demographics. Proximity to revitalising East Perth precincts with new office towers and hospitality activity boosts foot traffic, while potential noise from station proximity and narrower street parking are considerations. Rental yield sits in a 3-4% gross range on midpoint estimates, with upside from tenant demand outpacing supply. Growth drivers include Perth’s metro expansion, nearby station upgrades, and limited land for similar lot sizes, supporting 10-15% annual appreciation for renovated period stock. Opportunities exist for cosmetic upgrades to capture premium pricing or potential strata subdivision on the lot, subject to council approval. Risks include renovation costs on century-old bones, the single bathroom deterring larger families without modifications, and sensitivity to interest rates in buyer-financed markets. Overall, suitable for hands-on owners or yield-focused investors in a constrained segment.