2/3 Prowse Street, West Perth WA 6005

2 bed 2 bath apartment with 1 car space on a 114m² lot; estimated value $642k; rental $735pw; recent comps $668-670k; stable sales trend in complex. Level 1 unit in a small block offers a spacious 94m² internal layout with good flow, higher ceilings and feature windows for natural light. The unique floorplan suits couples or professionals seeking low-maintenance living without sacrificing space, and secure parking adds practicality in a car-dependent area. Located in West Perth’s inner urban core, the property is close to CBD employment hubs, Kings Park and hospital precincts, making it suitable for downsizers, young professionals or investors targeting rental demand from healthcare and office workers. Walkable to cafes and transport links helps offset limited on-street parking. Demand remains steady for similar 2-bed units, with evidence of quick turnover and solid rental yields within the building peers. The property appeals to buyers prioritising 5G coverage and absence of overlay risks like bushfire or flood. Catchment for West Leederville Primary and Bob Hawke College supports family interest, though demographics skew professional with a portion of long-term holders. Growth potential is linked to Perth’s infrastructure push and urban infill, with opportunities for value-add renovations and a degree of risk from competition with newer highrise developments nearby. Rental stability provides a buffer in softer markets.