124A Coode Street, South Perth WA 6151
124A Coode Street, South Perth WA 6151
River-adjacent South Perth pocket | modern house on subdivided lot | compact land footprint | strong downsizer appeal | potential river outlook
The river-adjacent end of Coode Street is one of South Perth’s most tightly held pockets, and this property is positioned within that premium corridor. A modern house format on a subdivided lot is well served by the surrounding mix of established housing and newer infill development. The property is likely to appeal most to downsizers and professional couples who want the foreshore, cafes, ferry access, and city proximity without the upkeep of a large family home. Secure parking, a private courtyard, and a compact footprint are strong drawcards in a market where convenience and location are prized. This is not viewed as a speculative holding; it is positioned as a lifestyle purchase expected to hold value in a scarce riverside setting.
Value may be shaped by the internal condition, especially the kitchen, bathroom, and the privacy of the outdoor area. A genuine river or city outlook might lift the price, while a limited view corridor may hold it back. Buyer perception might also be affected by the title structure and any shared driveway obligations, as would the balance between built area and open space. These factors should be weighed when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 124A Coode Street, South Perth WA 6151
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
South Perth’s river-front lifestyle and CBD access keep it a premium choice, with a median house price of $2.165m after 20.3% annual growth and units at $870,000 (up 27.9%). Demand is led by downsizers, interstate and international migrants, and buyers priced out of other capitals, strongest in the $1m–$2m-plus range. The market is tight: Greater Perth listings sit 42% below the five-year average, and houses trade in about 10 days. Rental yields are 2.4% for houses and 4.2% for units, with vacancy at 3.6%. Growth drivers include rate cuts, rapid migration, and chronic undersupply. Key constraints are eroding affordability, stretched first-home buyer deposits, high building costs, and sparse stock below $1m.
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PropCred Estimated Value
Comparable Sales: 71 Coode Street sold $1.8M; 130 Coode Street sold $1.26M | Listed Price Band: $1.5M–$1.6M | Value Indicator: house condition, land size, view exposure
Bedrooms
4
Bathroom
3
Parking
2
Land
336m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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