1713/11 Barrack Square, Perth WA 6000

3 bed 3 bath 2 car | Upper-end apartment in Barrack Square | Elizabeth Quay fringe | Flood overlay present This is a competitively strong property for its suburb. A three-bedroom, three-bathroom apartment with two car spaces is a rare configuration in Barrack Square, where smaller one- and two-bedroom flats are far more common. It sits in a central, amenity-rich precinct near Elizabeth Quay, with strong connectivity and high-end inclusions like an in-ground pool, gym, and indoor spa. The property is best suited to owner-occupiers seeking a larger inner-city home, or downsizers wanting premium space and parking without moving to a house. Its size and parking also give it an edge for rental demand at the upper end of the market. The wide spread between recent sale history and current asking price suggests value is not yet settled. A flood overlay and heritage overlay may affect insurance costs or limit future modifications, which a buyer should weigh carefully. The building age is not confirmed, so the condition of common property and strata fees should be investigated. The property’s strong yield potential at around six percent is attractive, but this depends on achieving the high weekly rent indicated. A buyer would benefit from comparing recent settled sales in the immediate precinct rather than relying on broad estimates.