15/43 Wickham Street, East Perth WA 6004
15/43 Wickham Street, East Perth WA 6004
2-bed 2-bath 2-car | Level 2 north-facing | 2014 build | Resort amenities | Strong owner-occupier appeal
This unit stands out in East Perth because two secure car bays are genuinely uncommon for inner-city apartments, and when combined with a north-facing balcony, walk-in robes to both bedrooms, and a 2014 build, it sits clearly above the basic investor-grade stock that dominates the suburb. The resort-style facilities—lap pool, gym, BBQ cabana, and residents’ lounge—add a lifestyle layer that appeals strongly to professionals and downsizers who want low-maintenance living without sacrificing convenience. Proximity to the CBD, Claisebrook Cove, Optus Stadium, and the river reinforces its position as a well-located, well-configured property that should hold demand across buyer types.
The property’s value may be influenced by its Level 2 position, which offers a balance between accessibility and outlook, though north-facing light is a clear positive. Strata fees are an inherent consideration in any apartment, and the building’s 79-lot scale suggests shared costs are spread reasonably. The 2-car configuration may support stronger rental demand and resale interest than single-bay equivalents, while the quality finishes and ducted air conditioning reduce the need for immediate capital outlay. Buyers should weigh the premium attached to the extra car bay against the broader supply of similar units in the precinct.
Detailed Independent Property Report prepared by PropCred Analyst team for 15/43 Wickham Street, East Perth WA 6004
Checks found:
Value Risk
!
1
Liquidity Risk
✕
2
Planning Risk
✕
2
Income Risk
✓
Execution Risk
✓
Market Insight
East Perth sits on the Perth CBD fringe with strong transport links and steady buyer interest. Investors and first-home buyers drive demand, supported by interstate and overseas migration. House price estimates range $1.05m–$1.55m, with annual growth of 13.6%–19.2%; units sit around $596k–$620k, growing near 17%. Houses sell in a median 14 days, with listings about 45% below the five-year average. Rental yields are modest for houses (3.0%–4.8%) but stronger for units (6.2%–6.5%), with median rents at $1,000 and $750 per week. Key risks are tight supply, scarce established stock, and low inventory driving price competition. Future growth relies on persistent supply shortfalls and population pressure, though affordability and rate sensitivity may temper momentum.
PropCred Estimated Value
Comparable Sales: 45/43 Wickham St sold $580k; 69/43 Wickham St sold $635k | Property Price Band: $600k–$700k | Value Drivers: 2 car bays, north-facing balcony, 2014 build quality
Bedrooms
2
Bathroom
2
Parking
2
Land
108m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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