1/362 Charles Street, North Perth WA 6006
1/362 Charles Street, North Perth WA 6006
Inner-city unit | mixed-use strip | strong rental demand | compact footprint | arterial-road exposure
This unit sits within a mixed-use corridor on Charles Street, a location that combines residential convenience with commercial energy. The immediate area supports a blend of apartments, townhouses, and shopfront tenancies, which gives the property a practical edge for buyers seeking walkable access to cafés, transport, and the CBD. The configuration suits a professional, a downsizer, or an investor looking for a low-maintenance holding in a suburb where well-presented units attract consistent interest. The rental evidence nearby points to solid demand for quality stock, and the unit’s position within a multi-title building suggests it may offer a more affordable entry point into North Perth than the freestanding houses that dominate parts of the suburb.
The value of this unit may be influenced by its position within the building and the level of internal presentation. A unit facing Charles Street could carry some traffic noise, while a quieter aspect might support a premium. The absence of a private land component means the property’s appeal rests largely on its layout, finishes, and parking arrangements. Buyers should weigh the trade-off between inner-city convenience and the potential for street-level activity. The mixed-use character of the corridor might also affect financing or insurance considerations, though these factors are manageable for most purchasers.
|| Comparable Sales: 1/300 Charles Street sold for $680,000 | Property Price Band: $600K–$700K | Value Drivers: internal condition, floor level, parking provision, aspect
Detailed Independent Property Report prepared by PropCred Analyst team for 1/362 Charles Street, North Perth WA 6006
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
North Perth WA 6006 remains tightly held: house median $1.60m after 14.3% annual growth; units up 19.8% to around $666k. Demand is led by first-home buyers shifting to units, plus interstate migrants, downsizers and investors, drawn by Perth’s 3% population growth and employment hubs. Listings are 42% below the five-year average, with houses selling in a median 14 days and vacancy at 0.5%. Gross yields are 2.9–3.0% for houses and 5.5% for units; weekly rents sit near $875 and $695 respectively. Annual sales volume of 131 houses reflects constrained turnover. Future growth is underpinned by chronic undersupply—stock 48% below average—and proximity to the CBD, but affordability is tightening as wages lag price growth, and rate sensitivity remains a watchpoint.
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PropCred Estimated Value
Comparable Sales: 1/300 Charles Street sold for $680,000 | Property Price Band: $600K–$700K | Value Drivers: internal condition, floor level, parking provision, aspect
Bedrooms
2
Bathroom
2
Parking
2
Land
832m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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