14/37 Florence Street, West Perth WA 6005

14/37 Florence Street, West Perth WA 6005
67 sqm 2×1 unit | 1 car bay | off-market | central West Perth | compact apartment This apartment occupies a practical inner-city configuration that aligns well with the typical West Perth unit stock, offering a balanced 2-bedroom, 1-bathroom layout with dedicated parking and a solid 67-square-metre internal area. The property sits within a multi-unit strata development on a substantial site, which supports established apartment living rather than standalone redevelopment land. Its central location near the Perth CBD makes it particularly suited to owner-occupiers seeking low-maintenance city access, downsizers, or investors targeting rent-ready compact units with parking. The presence of air conditioning, balcony, and built-in robes adds functional appeal, though the finish quality remains unverified from available data. The value may be influenced by the lack of verified building age, renovation level, or aspect orientation, which could affect perceived condition and appeal. Rental yield signals vary, with a property-specific estimate around 3.83% against a broader suburb benchmark of 5.3% for similar units, so actual return should be verified through local leasing data. The apartment’s compact size and absence of premium amenities like pool or gym may limit price growth compared to larger or more amenitised units in the area. Buyers should weigh strata levies and building condition when forming a view on price.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 14/37 Florence Street, West Perth WA 6005
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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

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