13/3-9 Lucknow Place, West Perth WA 6005
13/3-9 Lucknow Place, West Perth WA 6005
1-bed apartment in The Element | 55sqm with parking and storage | 2005 build in West Perth | low energy rating noted
This apartment occupies a practical niche in West Perthโs market: a 2005 build with a usable 55 square metres, dedicated parking, and a store roomโfeatures that set it apart from older, smaller units in the area. Its location near the CBD, Kings Park, and public transport suits CBD professionals or investors seeking a low-maintenance inner-city base. The boutique complex and inclusions like air conditioning and floorboards add everyday comfort without overpromising luxury.
The low energy efficiency rating may translate to higher running costs, which could affect appeal for cost-conscious buyers or long-term holding. The 2005 construction places it in a mid-era cohort, neither new enough for modern efficiency standards nor old enough for character appeal. Floor level is not confirmed, so the unitโs outlook and natural light remain unknowns to verify in person. These factors should be weighed when forming a view on price.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 13/3-9 Lucknow Place, West Perth WA 6005
Market Insight:
West Perth is a tightly held inner-city suburb positioned for sustained demand, driven by its proximity to the CBD and robust transport links. Demand is fuelled by strong population growth, including interstate and overseas arrivals, while a chronic undersupply of housing stock creates intense competition, accelerating capital growth as evidenced by recent rapid price appreciation. Future growth is anchored in this persistent supply-demand imbalance, though affordability pressures and interest rate sensitivity remain key constraints for the market.