16A/22 Nile Street, East Perth WA 6004

2 bed/2 bath East Perth strata | high rental yield building | 1 day on market | owners hold long-term This unit enters the market priced below all automated valuations, presenting immediate equity potential within a building demonstrating consistent rental demand and high gross yields above 7%. The configuration of two full bathrooms is a competitive advantage for both professional sharers and small investors, in a precinct offering established school catchments. It best serves a yield-focused investor or an owner-occupier seeking a low-maintenance entry into inner Perth. Your decision weighs the building’s strong income history against strata governance and future levies, with nearly half the owners having held for under three years suggesting possible resale pressure. Proceed with a building inspection report and review of strata minutes to quantify capital expenditure risk. This is a hold for five years to realise capital growth, not a short-term trade. Recent sales within the same building show tight clustering, validating the asking price. – Unit 11/22 sold for $500,000 (Jul ’25) and now rents for $700/week. – Unit 21/22 sold for $510,000, also achieving $700/week rent. – Unit 55B sold for $549,000 with identical rental income. – Unit 50 sold for $465,000, renting for $640/week. This data confirms the building sustains high rental yields between 6.6% and 7.3%, providing a credible income benchmark. The $499,000 asking price sits at the lower end of this proven sales range, indicating a competitively priced entry point.