170/12 Wall Street, Maylands WA 6051
170/12 Wall Street, Maylands WA 6051
1973 riverside strata | renovated stock outperforms | flood overlay noted | mid-5% rental yields | school catchment confirmed
Located in a riverside pocket of Maylands that is genuinely distinctive, this 1973 strata complex is offered with larger floor plans than newer infill apartments, many with private balconies or courtyards and direct access to Swan River foreshore paths. The location is considered the primary strength, with inner-metro proximity combined with green, walkable amenity that is rarely found at this price point. Renovated examples within the complex have been traded well above basic stock, confirming that updated kitchens, bathrooms, and outlook are rewarded by the market. This property is best suited to first-home buyers seeking a city-fringe foothold, investors chasing solid rental demand, and downsizers drawn to a quiet, river-adjacent lifestyle without the upkeep of a house.
Value may be shaped most by the units position within the complex and its renovation level, with river outlook and private outdoor space expected to lift appeal. Ground-floor layouts with courtyards are preferred by some buyers, while upper-level balconies suit others. The flood and heritage overlays may limit major external changes and could affect insurance or renovation flexibility. Maintenance exposure might be carried by the older 1970s construction, so the condition of common areas and the specific units finishes will likely be driven by how it compares against other stock.
>> Comparable Sales: 107/12 Wall Street (3 bed) sold $901,000; 146/12 Wall Street (2 bed) under offer from $599,000 | Property Price Band: $500K–$600K | Value Drivers: renovation level, river outlook, parking
Detailed Independent Property Report prepared by PropCred Analyst team for 170/12 Wall Street, Maylands WA 6051
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Maylands, an inner-Perth suburb, draws demand from young professionals aged 30-39; population rose 4.95% from 2016 and household incomes are high. House prices have climbed 23.8-31.4% annually to $1.09M-$1.27M, while units grew 18.3-22.3% to $550k-$600k. Market conditions are tight: houses sell in 10-13 days. Rents are firm at $750/week for houses and $595/week for units, with yields of 3.4-3.6% and 5.4-5.6% respectively. Transport connectivity underpins future demand, as does continued population growth. Constraints remain: affordability is stretched, with median monthly mortgage payments of $2,410 in Perth’s top 26%, and 30.1% of stock is rentals, leaving the suburb exposed if tenant demand weakens.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
-
Land
73m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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