20/169 Railway Parade, Mount Lawley WA 6050
20/169 Railway Parade, Mount Lawley WA 6050
2-bed 1-bath 1970s unit | secure block near station | walk to Beaufort St | strong rental yield | modest growth record
This apartment is positioned within a secure 1970s complex, with one car bay and air conditioning. Its proximity to the railway station, Beaufort Street cafes and Mount Lawley school catchments makes it an unusually convenient inner-city buy. The unit is best suited to an investor or first-home buyer seeking a lower-entry property with strong rental demand. The complex is known for gross yields above 7%, which is notable for the location. While the building is not prestigious, its walkability and transport access give it a dependable appeal that is expected to continue.
Value may be influenced by the unit’s condition and renovation level, as comparable apartments in the building have sold across a wide range. Presentation, floor level and orientation might also affect price, though these details are not confirmed. The property is located on a main corridor, so noise and traffic should be weighed. Older stock and modest capital growth might limit appreciation, but rental income is likely to remain strong. A view on price should be formed based on the unit’s finish and outlook.
Detailed Independent Property Report prepared by PropCred Analyst team for 20/169 Railway Parade, Mount Lawley WA 6050
Checks found:
Value Risk
✕
2
Liquidity Risk
!
1
Planning Risk
✕
2
Income Risk
✕
2
Execution Risk
✓
Market Insight
Mount Lawley, five kilometres north of the Perth CBD, combines leafy backdrops with an energetic main strip, positioning it as a fast-paced urban locale. Demand is driven by a professional cohort, with 51% of owners holding mortgages, reflecting strong owner-occupier commitment. House prices have risen 12.6% over the past year to $1.701 million, with a median selling time of 12 days; units grew 24.3% to $600,000 and offer a 5.0% gross yield. Median rents are $900 weekly for houses and $610 for units. Annual sales volumes range from 105 to 148. Future growth is supported by compound gains of 12.6% for houses and 24.3% for units, alongside above-average household earning capacity relative to Greater Perth. Key constraints are affordability at current entry prices and interest-rate sensitivity from high mortgage exposure.
PropCred Estimated Value
Comparable Sales: 3/169 sold $682k; Unit 25 sold $385k | Property Price Band: $400k-$500k | Value Drivers: condition, renovation level, floor/orientation
Bedrooms
2
Bathroom
1
Parking
1
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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