16/2 Outram Street, West Perth WA 6005
16/2 Outram Street, West Perth WA 6005
2 bed 2 bath 1 car | Heritage overlay present | Subiaco Primary and Bob Hawke College catchment | Estimated rent $725/week | Mid-$500k comparable sales
This apartment sits in a well-served inner-city pocket with strong school catchment appeal and solid rental demand. The 2 bed 2 bath configuration with parking is standard for the area, but the heritage overlay and proximity to the CBD add a layer of character and convenience that downsizers and professional renters value. The estimated rent of $725 per week suggests reasonable yield potential, and the property is typical of the apartment stock in this part of West Perth, making it a straightforward choice for an investor or owner-occupier seeking low-maintenance living close to amenity.
The value of this property may be influenced by the heritage overlay, which could impose restrictions on future changes or renovations. The recent comparable sales in the immediate area have settled in the mid-$500,000 range, which is notably below the estimated value range provided, so a buyer should consider whether the subject property offers additional justification for the higher figure. The absence of detail on finishes, floor level, or balcony orientation means the final price will depend heavily on what is actually inside the unit and how it compares to what has already sold nearby.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 16/2 Outram Street, West Perth WA 6005
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.