817/305 Murray Street Perth WA 6000

High-floor CBD apartment | 2003 build | tenanted until 2026 | heritage overlay | no parking This unit presents a low-maintenance entry into the Perth CBD, competitively positioned by its secure, long-term tenancy and excellent condition. The high-floor aspect in a large, predominantly owner-occupied building offers relative stability for an investor seeking reliable yield or an owner-occupier prioritizing a central, walkable location. It serves best as a hands-off investment or a compact urban base. Decision hinges on accepting the constraints of a 38m² lot with heritage controls and no parking, which permanently limit capital growth and tenant appeal against newer stock. The opportunity is a set-and-forget income stream with a below-median price point; treat this as a fixed-income substitute, not a development prospect. A Propcred report would pressure-test the valuation against recent building sales and detail heritage implications for renovations and insurance. Recent comparable sales nearby: • 1006/305 Murray St: 2 bed, 1 bath, 1 car sold for $670,000 in March 2026. This indicates stronger demand for larger configurations in the same building, contextualizing this one-bedroom unit’s value within a narrower, price-sensitive segment of the market.