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 Subiacoโs 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
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.