211/128 Carr Street, West Perth WA 6005

211/128 Carr Street, West Perth WA 6005
1-bed + study + balcony on Level 2 | 43 m² in a 1968 walk-up | Heritage overlay in City of Vincent | Investor-grade yield with tenant in place This apartment offers a compact but functional layout with a study and balcony, which is a competitive edge for a one-bedroom unit of this vintage. Its 1968 build and smaller floorplan place it among the older, more affordable stock in West Perth, yet the presence of parking and a tenancy at $500 per week until late 2026 provides immediate income certainty. The heritage overlay may limit redevelopment potential but does not diminish rental demand, making this property best suited to investors seeking a steady yield in an inner-city location with good school catchment access and strong connectivity. The value of this property may be influenced by the older building age and the compact internal area, which could affect appeal to owner-occupiers seeking more space or modern amenities. The heritage overlay might also constrain future alterations or strata improvements, potentially impacting long-term capital growth compared to newer apartments. Buyers should weigh these factors against the current tenancy and yield when forming a view on price, as the property’s performance will depend on ongoing building maintenance and strata costs that are not fully detailed here.
Detailed Independent Property Report prepared  by PropCred Analyst team for 211/128 Carr Street, West Perth WA 6005
Checks found:
Value Risk
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk 2
Execution Risk ! 1
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Market Insight

West Perth is a tightly held inner-city suburb positioned for sustained demand, driven by its proximity to the CBD and robust transport links. Demand is fuelled by strong population growth, including interstate and overseas arrivals, while a chronic undersupply of housing stock creates intense competition, accelerating capital growth as evidenced by recent rapid price appreciation. Future growth is anchored in this persistent supply-demand imbalance, though affordability pressures and interest rate sensitivity remain key constraints for the market.
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PropCred Estimated Value

Bedrooms

1

Bathroom

1

Parking

1

Land

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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