2005/238 Adelaide Terrace, Perth WA 6000

2005/238 Adelaide Terrace, Perth WA 6000
2023 high-floor one-bedroom with parking | Premium city-fringe finishes | School catchment draw | Flood and heritage overlays considered A high-floor one-bedroom apartment in a 2023 build is positioned as a rare city-fringe offering due to its secure parking and premium finishes. Building amenities including a gym and outdoor space are provided, which enhances daily convenience. School catchment access is noted for Highgate Primary and Bob Hawke College, a practical advantage often absent in new city apartments. This property is best suited to professionals, downsizers, or investors seeking a modern, low-maintenance home. The combination of new construction, elevation, and parking establishes its primary competitive edge in this precinct. Flood and heritage overlays may introduce constraints on future modifications or affect insurance premiums for this property. Strata levies are a standard consideration in apartment living and should be reviewed for budgeting purposes. The property’s positioning as premium new stock may influence its price resilience, but market appetite for high-end one-bedrooms might be narrower than for entry-level units. These factors are worth weighing when forming a value opinion.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 2005/238 Adelaide Terrace, Perth WA 6000
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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.
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PropCred Estimated Value

Bedrooms

1

Bathroom

1

Parking

1

Land

1696mยฒ

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