16/42 Terrace Road, East Perth WA 6004
16/42 Terrace Road, East Perth WA 6004
16/42 Terrace Road is a 2-bedroom, 2-bathroom apartment with 2 parking spaces, 140 square metres of internal living, and a 27-square-metre balcony. It sits on a 198-square-metre strata lot within a 2002-built waterfront complex.
This apartment occupies a rare position within East Perth’s waterfront pocket, where low-rise complexes from the mid-2000s offer a quieter, more spacious alternative to the suburb’s newer high-rise towers. The 27-square-metre balcony and direct orientation toward the water give it a genuine lifestyle edge that many newer units lack. The configuration is well-suited to professional couples or downsizers who value proximity to the CBD without the density of a high-rise. The 2-car parking is a meaningful advantage in this area.
Heritage and flood overlays on the complex may constrain future renovation flexibility and could affect insurance premiums, though these conditions are typical for this waterfront strip. Strata fees near $9,500 annually are significant for a 2-bedroom unit and should be weighed against the property’s long-term holding cost. The 2002 build age means major structural systems are over two decades old, which may influence future special levies. Rental demand appears strong, but the current lease figure may sit below market for this configuration.
Detailed Independent Property Report prepared by PropCred Analyst team for 16/42 Terrace Road, East Perth WA 6004
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
East Perth’s proximity to the CBD and transport infrastructure underpins its desirability. Demand is driven by investors and first-home buyers competing for limited stock, particularly at the market’s lower end, supported by strong population growth. This competition, amid a severe shortage of listings, has accelerated price growth and compressed selling times. Future momentum relies on the persistent supply-demand imbalance, though the primary constraint remains the acute shortage of quality housing stock.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
2
Land
198m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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