23/122 Terrace Road, Perth WA 6000

23/122 Terrace Road, Perth WA 6000
small 1-bed unit | opposite Langley Park | heritage and flood overlays | strong rental yield potential | compact studio layout This unit offers a rare combination of direct park-front positioning and entry-level pricing in Perth’s inner-city riverside strip. Its 38-square-metre studio layout, while compact, has been newly renovated with a gas cooktop and electric oven, making it functional for a single occupant or couple. The gated complex and secure laundry add practical appeal. Best suited to first-home buyers seeking city access or investors targeting central rental demand, this property competes on location and affordability rather than size or modern finishes. The park-and-river outlook is a genuine differentiator in this price bracket. Value may be constrained by the 1961 construction and small footprint, which limit appeal for owner-occupiers wanting separate bedrooms or parking. Flood and heritage overlays are recorded, which may affect future alterations or insurance costs. The absence of dedicated parking within the gated complex could reduce convenience for car-dependent buyers. Rental income potential appears solid given the location, but the compact layout and older building form may cap long-term capital growth relative to larger or newer stock in the same precinct.
Detailed Independent Property Report prepared  by PropCred Analyst team for 23/122 Terrace Road, Perth WA 6000
Checks found:
Value Risk ! 1
Liquidity Risk 2
Planning Risk 2
Income Risk 2
Execution Risk ! 1
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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

-

Land

1418m²

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