14/1010-1018 Wellington Street, West Perth WA 6005

14/1010-1018 Wellington Street, West Perth WA 6005
2-bedroom apartment | 106mยฒ internal | West Perth fringe | 2002 build with balcony This apartment offers a rare combination of generous internal size and a secure strata position in a predominantly owner-occupied building, which signals lower turnover and better common-area care. The 106mยฒ floor plan is notably spacious for a two-bedroom unit in this price bracket, giving a buyer genuine living room separation and a usable balcony. It suits a professional couple or single buyer who values space over a premium address, as the location sits on the western edge of West Perth, closer to Subiacoโ€™s amenities than the CBD core. The main risk is the 2002 build quality, which typically means older fixtures and potentially higher strata levies for upcoming capital works, though the 70% owner-occupancy rate reduces that risk. The heritage overlay on the lot may limit future redevelopment or external changes, which keeps long-term capital growth modest compared to newer stock. For a buyer, the opportunity is in the floor plan and the low-rise feel of a 16-property complex, offering a quieter hold than a high-rise tower. Hold this property for steady rental yield or as a live-in home with good resale to downsizers who value internal space over a balcony view.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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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.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

871mยฒ

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