29/78 Terrace Road, East Perth WA 6004

East Perth townhouse | heritage overlay | flood overlay | 2 car garage | 3 beds This property presents a competitively strong offering as a spacious, well-appointed townhouse in a central suburb, featuring dual car parking and premium finishes. Its rarity stems from the large building size and the inclusion of two bathrooms and secure parking, which are highly sought after in this locale. This property best serves an owner-occupier seeking a low-maintenance inner-city residence with character, given the heritage context, or an investor targeting a premium segment of the rental market. The primary decision factors involve the specific risk mechanisms of the flood and heritage overlays, which can impose constraints on modifications and necessitate additional insurance considerations. The opportunity lies in acquiring a property in a tightly held complex, last sold in 2002, suggesting potential for significant equity growth. The commercial logic supports a long-term hold to capitalise on its central location and scarcity of similar stock, making it a viable primary residence or a strategic investment.