23/28 Banksia Terrace, South Perth WA 6151

Elevated apartment in established South Perth precinct with dual income potential and a $960/week rental yield, strong school access within 1.6km, built in 2008 and suited to owner-occupiers and investors. Property Overview A three-bedroom, two-bathroom apartment situated on 166 square metres in South Perth’s established residential area. The unit features secure undercover tandem parking for two vehicles, air conditioning, built-in robes, dishwasher, and balcony access. The layout includes two living areas and two toilets with one ensuite, providing functional separation for households or rental appeal. Market Positioning and Location Listed at $950,000 with an estimated value of $923,000, the property sits in the mid-range for South Perth apartment stock. The estimated rental yield of $960 per week positions this as a dual-purpose asset suitable for both owner-occupiers seeking established suburban living and investors targeting consistent income. The property is located within South Perth council boundaries, a mature suburb with established infrastructure, and offers proximity to Kensington Primary School (0.5km), Kensington Secondary School (1.1km), and Kent Street Senior High School (1.6km). The location benefits from reliable NBN Fibre to the Premises and 5G mobile coverage, addressing modern connectivity requirements. Risk Assessment, Planning, and Current Market Context The property carries no bushfire, flood, or heritage overlays, reducing regulatory constraints and future compliance risks. The 2008 construction date places the apartment within a period requiring standard strata management oversight, though no specific building condition issues are flagged in available data. The configuration suits established families prioritising school access, downsizers seeking apartment living with parking convenience, and investors evaluating rental returns in established suburbs. The dual-parking arrangement and two living areas differentiate it from single-car apartment stock, addressing practical household needs.