11/145-147 Cambridge Street, West Leederville WA 6007
11/145-147 Cambridge Street, West Leederville WA 6007
Top-floor rarity | tenanted income | station-side pocket | 1960s character | compact footprint
This unit holds genuine appeal for a specific buyer: someone wanting inner-urban convenience without high-rise living. The top-floor position delivers tree-top outlooks and privacy, while the small 15-unit complex keeps the feel intimate and manageable. Its location within 300 metres of the station and a short walk to everyday shopping makes it a practical base for professionals or a low-maintenance downsizer. The existing lease through to early 2027 offers immediate rental certainty, which suits an investor seeking stable cash flow. The late-1960s construction is typical of the area’s older apartment stock, and while the finishes are standard, the combination of walkability, compact scale, and leafy aspect is uncommon in newer developments nearby. This unit serves best as a city-edge foothold for a couple or single buyer wanting lock-up-and-leave simplicity.
The single bathroom and one car space may limit appeal for families or those needing more flexibility, and the older build could require future updates to match modern expectations. The 2-bedroom, 1-bathroom layout is efficient but not spacious, so buyers should weigh the trade-off between character and practicality. The tenancy provides income security but also restricts immediate owner-occupation, which may influence how quickly a buyer can move in. The mid-5% yield potential, based on comparable rents in the immediate area, is solid for this suburb, though the property’s modest size and lack of premium amenities mean its value will track the broader older-apartment market rather than outperform newer stock. Buyers should consider the balance between rental return and long-term capital growth in a well-connected but established pocket.
Detailed Independent Property Report prepared by PropCred Analyst team for 11/145-147 Cambridge Street, West Leederville WA 6007
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
West Leederville sits just 2km from Perth’s CBD, with a walkable, inner-city profile drawing professionals, established couples, and downsizers. Demand is underpinned by limited land supply and strong rental interest; roughly 39% of residents rent, and 47% of households are childless couples, reinforcing a compact, higher-income demographic. House prices have climbed sharply, with medians ranging from $1.65M to $2.0M across sources and annual growth between 9% and 35%, while units sit near $500,000–$600,000 with 12–26% growth. The market is tight: houses sell in 8–32 days, units about 15 days, and weekly house rents range from $990 to $1,050. Future demand should remain supported by proximity to employment and a limited land supply, though affordability is the key constraint at these price levels, especially for entry-level buyers.
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PropCred Estimated Value
Comparable Sales: 12/21-23 Northwood Street sold $690,000; 8/145-147 Cambridge Street rent guide $630/week | Property Price Band: $550K–$650K | Value Drivers: top-floor aspect, tenancy security, station proximity, compact layout
Bedrooms
2
Bathroom
1
Parking
1
Land
1277m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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