22/3 Silas Street, East Fremantle WA 6158

Top-floor penthouse | 117sqm wrap terrace | South Quarter prestige | East Fremantle lifestyle This property occupies a genuinely rare position in East Fremantle’s apartment market. The penthouse status combined with a 117-square-metre wrap-around terrace creates an outdoor living proposition that most apartments in this suburb cannot match — and that scarcity is the primary competitive advantage for a buyer. The South Quarter building has a reputation for quality construction and owner-occupier appeal, which supports long-term value retention. This unit best suits a downsizer or professional couple prioritising space, privacy, and a leafy outlook over a standard garden property, and who values being within walking distance of the river and Fremantle’s amenities. The main risk is the lack of confirmed parking allocation for this specific lot, which could narrow the buyer pool if only one space is available. The 2013 purchase price of $1,055,000 sets a high historical benchmark, and recent sales in the same building for smaller units (ranging from $470,000 to $840,000) suggest the penthouse commands a significant premium — one that may take longer to realise in a softer market. However, for a buyer seeking a top-floor apartment with genuine outdoor scale in a tightly held suburb, the opportunity lies in negotiating from a position of low comparable supply and strong lifestyle demand.