18/280 Lord Street Perth WA 6000

3-bed inner-city apartment | oversized 93sqm layout | resort-style pool building | high rental yield area This unit presents a rare configuration for central Perth, combining three bedrooms and dual parking within a sought-after apartment building. Its substantially larger internal and balcony space versus typical one-bed stock creates a scarcity premium, catering to owner-occupiers seeking space or investors targeting the family/sharer rental segment. The recent high rental yield demonstrated in the building supports strong income potential. Primary considerations are the non-residential zoning, which may affect future development rights and lending, and the building’s age requiring scrutiny of strata health and capital works plans. The opportunity lies in securing an undersupplied apartment typology in a high-demand location. Acquire for long-term hold, leveraging its rental strength. A Propcred report would quantify its precise valuation against these unique features and detail locality-specific risks for informed due diligence. A recent sale in the same building provides a benchmark: Unit 24/280 (1 bed, 1 bath, 1 car) sold for $481,000 in April 2025. This transaction underscores the price premium your larger three-bedroom, two-bathroom unit with dual parking should command, directly reflecting its superior size and configuration.