2/224 Lord Street, Perth WA 6000
2/224 Lord Street, Perth WA 6000
3 bed apartment | boutique 6-unit complex | park outlook | large balcony | strong school catchment
This property presents a rare configuration in Perthโs inner-city market: a genuinely spacious three-bedroom apartment within a low-density boutique complex. The 108 square metre internal area, combined with a 20 square metre balcony and park outlook, offers a floor plan that competes with a small house while retaining apartment security and lift access. The 2007 build avoids the compromises of older stock, and the Highgate Primary and Mount Lawley Senior High catchment adds durable family appeal. This unit suits owner-occupiers seeking space without land maintenance, or investors targeting tenants who value layout over location alone.
The primary risk is the commercial tenancy below; noise or operational hours should be verified before commitment. The end date sale mechanism means the buyer must assess whether competition is likely or if a negotiated pre-auction offer is viable. Strata fees at $1,150 per quarter are moderate for a boutique block, but the buyer should confirm sinking fund adequacy and any planned capital works. The park outlook is a genuine advantage for light and privacy, but street noise and event noise from HBF Park should be tested at different times. If these checks pass, the property offers a defensible position in a tight inner-city market.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 2/224 Lord Street, Perth WA 6000
Market Insight:
Perth’s inner-ring suburbs are positioned as highly competitive, transport-connected locations. Demand is driven by equity-rich upgraders, downsizers, and investors, alongside first-home buyers contending with rapid entry-level price rises. The market exhibits exceptionally strong price growth and tight conditions, with listings far below long-term averages and properties selling rapidly. Future growth is supported by sustained population increases and critically low rental vacancy rates, though key risks include significant affordability constraints and potential sensitivity to interest rate movements.