21/63 Palmerston Street, Perth WA 6000

Heritage conversion | Dual bathrooms | Single garage | Highgate Primary catchment | 5G coverage This unit offers a competitively rare configuration of two full bathrooms within a heritage building, a functional advantage over typical two-bedroom stock. Its position within the Highgate Primary School catchment and immediate 5G coverage supports strong renter and owner-occupier appeal, best serving a professional or small household seeking low-maintenance character. The under-offer status confirms immediate market demand for this specific offering. Primary risk is the heritage overlay, which imposes strict approval processes and potentially higher costs for any external alterations, directly limiting customisation. The single car space may constrain future buyer pools. The commercial logic is in holding for capital growth, leveraging the scarcity of dual-bathroom layouts in a tightly held building. Acquire as a long-term hold, either as a primary residence leveraging the school zone or as a rental given the strong estimated yield. Recent sales data provides a clear benchmark. The property last sold for $445,000 in September 2021, with an estimated current value of $821,000. This represents an increase of $376,000, or approximately 84.5% growth over 4.5 years. This sharp appreciation underscores the suburb’s market momentum and establishes a high base for future equity growth.