110/23 Adelaide Street, Fremantle WA 6160
110/23 Adelaide Street, Fremantle WA 6160
First-floor apartment | Fremantle heart | 2-bed compact | 1970 build | garage included.
This property offers a rare combination of a central Fremantle position with a private garage, a feature that meaningfully differentiates it from most apartments in this price band. The 58mยฒ floor plan, while compact, is configured as a genuine two-bedroom unit with separate living, making it functional for a first-home buyer seeking foothold or an investor targeting the reliable rental demand from Fremantleโs professional and student population. The 1970 build typically provides solid construction and reasonable sound separation, and the absence of heritage or flood overlays reduces compliance risk. For a buyer, the strongest signal is the garage: in this location, off-street parking commands a premium and improves both livability and resale appeal.
The primary risk is the small internal area, which limits appeal to families or anyone needing home office space beyond a desk in the living room. Buyers should confirm strata fees and any upcoming special levies, as older blocks can carry deferred maintenance. The opportunity lies in the locationโs walkability to cafes, transport, and the cappuccino strip, which supports stable rental yields and capital preservation. This property is best held as a long-term core holding or rented out, not flipped.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Fremantle is a high-demand coastal suburb positioned as a lifestyle hub with strong transport links to its vibrant CBD and Perth. Demand is driven by owner-occupiers and investors attracted to its character homes, low stock levels, and sustained rental appeal from its beachside community. The market exhibits exceptionally strong price growth across both houses and units, with properties selling rapidly in a competitive environment. Future growth is underpinned by its enduring lifestyle appeal, though broader economic uncertainties present a potential constraint.