107/311 Hay Street, East Perth WA 6004

Modern 1-bedroom | CBD fringe walkability | secure parking & storage | pool & gym complex This unit presents a competitively strong offering for an investor or professional seeking a low-maintenance, well-appointed residence in a central location. Its core strength is its positional efficiency: a walkable, amenity-rich address directly serviced by transit, packaged within a modern building featuring sought-after communal facilities like a pool and gym. This configuration best serves a buyer prioritizing convenience and lifestyle over space, with the separate storage and secure car bay adding practical utility often absent in comparable properties. The decision hinges on balancing its premium location against specific cost and risk mechanisms. Quarterly strata levies and annual rates constitute a material holding cost that must be factored against the strong rental estimate. The detected flood and heritage overlays introduce potential insurance complexities and renovation constraints. For a buyer, the commercial logic is clear: secure a turnkey property in a supply-constrained location with proven rental demand. Acquire for a long-term hold, leveraging its inherent scarcity value. Our detailed report would pressure-test the real market valuation against recent sales, provide a full due diligence checklist for the overlays, and clarify locality-specific insurance implications. The property sold for $410,000 in August 2024. This recent transaction provides a concrete benchmark, suggesting the current estimated value of $551,000 represents a significant upward movement in a short period; buyers must scrutinize this disparity to understand current market momentum.