1808/63 Adelaide Terrace, East Perth WA 6004

Prime CBD fringe | 2019 build | 18th floor | flood overlay | high rental yield potential This unit presents a competitively strong proposition as a near-new, two-bedroom apartment in a large-scale, amenity-rich building directly adjacent to the Perth CBD. Its 18th-floor position ensures views and privacy, while the 2019 construction date offers modern fittings and reduced near-term maintenance. The property is best suited to a professional seeking a low-maintenance inner-city residence or an investor targeting strong rental demand from a similar demographic, supported by the building’s established pool and proximity to key schools. The primary risk mechanism is the identified flood overlay, which may affect insurance premiums and requires specific due diligence. The building’s high proportion of owners with six-to-ten-year tenure suggests stability but may indicate upcoming strata renewal cycles. Given the current listing price and comparable sales, a disciplined offer below the asking price is commercially logical. This property should be acquired as a long-term hold to capitalise on inner-city densification, with its immediate value derived from rental income. Recent sales within the same building provide a clear benchmark: – Unit 1008 (2/2/1): Sold $885,000, demonstrating strong annual growth. – Unit 2007 (2/2/1): Sold $822,000, showing moderate long-term appreciation. – Unit 405 (1/1/0): Sold $650,000. – Unit 1604 (1/1/1): Sold $605,000. The sale of Unit 1008, a direct two-bedroom comparable, establishes a credible upper value anchor near $885,000. The subject property’s higher floor and newer construction warrant a premium against this, but the broader sales data indicates a compressed price band for one-bedroom units, reinforcing the two-bedroom layout’s relative value retention.