13/99 Palmerston Street, Perth WA 6000

13/99 Palmerston Street, Perth WA 6000
ground-floor terrace with park outlook | modern 2x2x1 in award-winning complex | leased at $750/week | compact 64m² inner-city design This apartment offers a rare combination for central Perth: a ground-floor position that is elevated from the park, providing both privacy and a generous terrace balcony with direct park views. The 2017 build in the Bottleyard complex delivers modern finishes like Bosch appliances and subway tile splashbacks, while the 2-bedroom, 2-bathroom, 1-car configuration suits downsizers, professional couples, or investors seeking low-maintenance living. The existing lease at $750 per week until August 2026 signals strong rental demand, and the park outlook adds lifestyle appeal that is distinctive for inner-city apartment stock. The compact 64m² internal area may feel tighter than older, larger-format units, so the layout and storage should be assessed in person. The ground-floor aspect, while offering terrace space, may have different noise or privacy dynamics compared to higher floors. The indicative school catchment for Highgate Primary and Mount Lawley Senior High is not confirmed for this lot, and no recent sale price is available, so value should be weighed against the rental yield and the quality of the complex rather than nearby comparables.
Detailed Independent Property Report prepared  by PropCred Analyst team for 13/99 Palmerston Street, Perth WA 6000
Checks found:
Value Risk ! 1
Liquidity Risk ! 1
Planning Risk 2
Income Risk
Execution Risk 2
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Market Insight

Perth’s inner-ring suburbs are positioned as highly competitive, transport-connected locations. Demand is driven by equity-rich upgraders, downsizers, and investors, alongside first-home buyers contending with rapid entry-level price rises. The market exhibits exceptionally strong price growth and tight conditions, with listings far below long-term averages and properties selling rapidly. Future growth is supported by sustained population increases and critically low rental vacancy rates, though key risks include significant affordability constraints and potential sensitivity to interest rate movements.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

1

Land

108m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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