112/90 Terrace Road, East Perth WA 6004
112/90 Terrace Road, East Perth WA 6004
A 416-square-metre three-bedroom apartment on the twenty-first floor with five garage spaces, three ensuites, and four toilets. The unit sits on a 3,949-square-metre residential lot within a modern waterfront tower in East Perth. It is listed with an estimated value of $1,945,000 and potential weekly rental income of $2,000.
This apartment is competitively rare due to its exceptional internal area, which is several times larger than typical high-rise units in the suburb. The five-car garage is a standout feature, serving buyers with multiple vehicles or a need for substantial storage. Positioned on a high floor with panoramic river views, the property offers premium waterfront living that appeals to high-income professionals, executives, or investors seeking a distinctive residence or strong rental yield. The estimated rental return of over five percent is robust for a luxury apartment, and the configuration suggests it may have been formed by merging two original units, adding to its uniqueness within the suburb’s stock.
Flood and heritage overlays may affect future modifications or maintenance, requiring careful consideration from any buyer planning changes. The high entry price may narrow the buyer pool, and the large floor area could lead to higher ongoing costs for utilities and strata levies. While the building offers modern infrastructure, the presence of these overlays might introduce regulatory constraints that could influence resale timing or value. Prospective buyers should verify the exact floor level and internal dimensions with the listing agent, as source data shows some inconsistency. The strong yield and rare configuration are positive signals, but the property’s size and regulatory context warrant thorough due diligence.
Detailed Independent Property Report prepared by PropCred Analyst team for 112/90 Terrace Road, East Perth WA 6004
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
East Perth’s proximity to the CBD and transport infrastructure underpins its desirability. Demand is driven by investors and first-home buyers competing for limited stock, particularly at the market’s lower end, supported by strong population growth. This competition, amid a severe shortage of listings, has accelerated price growth and compressed selling times. Future momentum relies on the persistent supply-demand imbalance, though the primary constraint remains the acute shortage of quality housing stock.
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PropCred Estimated Value
Bedrooms
3
Bathroom
3
Parking
5
Land
3949m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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