115/181 Adelaide Terrace, East Perth WA 6004
115/181 Adelaide Terrace, East Perth WA 6004
2 bed 2 bath 2 car on level 16 | 137 m² total with 22 m² balcony | South-facing river proximity | Rare dual parking in East Perth | Full amenity tower living
This unit sits above typical East Perth apartment stock because of its dual car bays and generous balcony, a combination that is genuinely uncommon in the inner-city market. The 16th-floor position gives it a sense of height and openness, while the south-facing aspect keeps it cooler in summer and quieter than street-level alternatives. The building itself is well established with a full amenity stack—pool, gym, sauna, residents’ lounge—which suits both owner-occupiers who want lock-and-leave convenience and investors targeting professional tenants. Downsizers and CBD workers are the most natural fit, particularly those who need two cars and value the security of a concierge building. The 87 m² internal area is efficient rather than sprawling, but the floor-to-ceiling windows and fresh carpet make it feel current and move-in ready.
The mixed-use nature of the tower means there is commercial activity below residential levels, which may create more foot traffic and noise than a purely residential building. Strata fees in such amenity-rich complexes tend to run higher, and that should be weighed against the convenience of having pool, gym, and concierge on site. The south-facing orientation may appeal to some buyers but could be a minor drawback for those who prioritise afternoon sun. The 2-car configuration is a genuine scarcity factor and may support stronger resale demand than single-car equivalents, though the overall price point will depend on how the market currently values dual parking against internal space. Buyers should also consider that the 22 m² balcony adds usable outdoor living without consuming internal floor area.
|| Comparable Sales: 116/181 Adelaide Terrace sold $1,050,000 (3 bed, 2 bath, 2 car, level 17) | Property Price Band: $0.9M–$1.0M | Value Drivers: dual car bays, balcony size, building amenity, floor level, fresh presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 115/181 Adelaide Terrace, East Perth WA 6004
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
URL has been copied successfully!
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.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 116/181 Adelaide Terrace sold $1,050,000 (3 bed, 2 bath, 2 car, level 17) | Property Price Band: $0.9M–$1.0M | Value Drivers: dual car bays, balcony size, building amenity, floor level, fresh presentation
Bedrooms
2
Bathroom
2
Parking
2
Land
137m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!