131/172 Railway Parade, West Leederville WA 6007

131/172 Railway Parade, West Leederville WA 6007
Modern 2-bed unit in high-rise complex | 2016 build with pool/gym | Prime West Leederville location near primary school & transport | Above-median price positioning This unit presents a competitively strong offering for an owner-occupier or investor seeking a low-maintenance property in a well-serviced inner suburb. Its 2016 construction places it above much of the older unit stock in the area, with modern finishes and complex amenities like a pool and gym enhancing livability. The confirmed intake for West Leederville Primary School, just 0.6km away, is a significant and rare advantage for a young family, anchoring its appeal in a tight catchment. Its position on Railway Parade ensures immediate access to public transport and shops, supporting a car-light lifestyle, though this may come with main road considerations. The primary decision hinges on its pricing, which sits above the suburb median for a two-bedroom unit. This premium demands scrutiny of recent comparable sales, which are not detailed here, to validate the estimated value. For a buyer, the risk is overpaying for complex amenities and location without concrete sales evidence. The opportunity lies in securing a modern, well-located unit with a strong rental yield profile, suggesting it can service debt effectively if purchased at the right level. Proceed with an offer strategy anchored by current, like-for-like sales data from the immediate area.

Independent, Unbiased Research from  our PropCred Analyst team 

Market Insight:

West Leederville is a tightly held inner-city suburb prized for its walkable proximity to the CBD, attracting affluent professionals, established couples, and downsizers. This high demand, coupled with extremely limited land supply, drives a competitive market with rapid sales and sustained price appreciation. Future growth is underpinned by its enduring lifestyle appeal and strong rental demand, though premium pricing presents a significant affordability constraint for new entrants.

PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

2

Land

3726m²

Built

Recent Assessments