27/189 Swansea Street E, East Victoria Park WA 6101

Modern strata apartment | 2012 built complex | prime Victoria Park locale | strong rental yield | fibre NBN & 5G This unit presents a compelling proposition as a modern, low-maintenance investment in a well-established inner suburb. Its 2012 construction within a complex offering premium amenities like a pool, gym, and spa positions it strongly for the professional rental market, evidenced by the significant rental growth from $450 to $800 per week since 2021. The larger 132m² lot size compared to peers in the same complex provides a subtle but tangible land component advantage, enhancing its long-term appeal in a suburb transitioning with newer apartment stock. Proceed with the clear understanding that strata governance and overlay constraints—bushfire, flood, heritage—introduce compliance costs and limit alteration potential, directly impacting flexibility and holding costs. The substantial yield near 5.5% offers solid cash flow, justifying acquisition for a passive investor seeking exposure to Perth’s inner-ring rental demand. Acquire as a set-and-forget income property, not for value-add plays, given the strata context and recent sharp capital appreciation. * The property last sold approximately 12 years ago for around $515,000. * A comparable unit in the same complex at 189 Swansea Street E carries a current estimated value of $1,065,000, despite a smaller lot, indicating strong complex-wide capital growth. * This sales history underscores a robust appreciation trajectory for well-appointed units in this specific development, supporting the current valuation estimates.