19/40 Wellington Street, East Perth WA 6004
19/40 Wellington Street, East Perth WA 6004
East Perth unit | 1993 build | 89m² internal | 104m² strata lot | Fibre NBN & 5G
This two-bedroom unit presents a competitively strong, low-maintenance position in a central suburb with direct CBD access. Its 104-square-metre strata lot size is a relative rarity for a unit of this vintage, offering a tangible point of differentiation from newer, often smaller stock. The configuration best serves an owner-occupier seeking a light-filled lock-and-leave lifestyle or an investor capitalizing on the estimated rental yield, which sits above the current Perth metro average.
The decision hinges on reconciling the rapid price growth since its 2024 sale with the absence of recent comparable sales data in this report. A strata report review is non-negotiable to cost any upcoming capital works. The lack of planning overlays reduces regulatory risk. Proceed with an offer strategy anchored to updated comparable sales, as the current listing relies on buyer urgency over demonstrated valuation. This property is a hold for medium-term capital growth, not a short-term trade.
Detailed Independent Property Report prepared by PropCred Analyst team for 19/40 Wellington Street, East Perth WA 6004
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
East Perths proximity to the CBD and transport infrastructure underpins its desirability. Demand is driven by investors and first-home buyers competing for limited stock, particularly at the market’s lower end, supported by strong population growth. This competition, amid a severe shortage of listings, has accelerated price growth and compressed selling times. Future momentum relies on the persistent supply-demand imbalance, though the primary constraint remains the acute shortage of quality housing stock.
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PropCred Estimated Value
Bedrooms
Bathroom
Parking
1
Land
104m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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