24/98 Terrace Road, East Perth WA 6004

24/98 Terrace Road, East Perth WA 6004
Corner unit | Level 7 river views | 3-bedroom apartment | Complex gym & tennis court This property presents a strong offering for an owner-occupier seeking space and outlook, with its three-bedroom configuration, dual balconies, and uninterrupted river views from a corner position being rare and desirable features in the apartment market. The internal size, though unclear, suggests generous proportions. The inclusion of two car spaces, secure parking, and complex amenities like a gym and tennis court solidify its appeal to a professional or downsizer prioritizing lifestyle and convenience within a 2009-built complex. Proceed with caution due to the flood overlay, which introduces insurance cost and potential resale difficulty, and the heritage overlay, which may restrict renovations. The suburb’s 0% auction clearance rate indicates a soft market, demanding a disciplined purchase price. This unit is best acquired as a long-term residence to capitalize on its lifestyle attributes, not as a short-term investment. Its value is in living in it, not trading it.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

East PerthΒ’s proximity to the CBD and transport infrastructure underpins its desirability. Demand is driven by investors and first-home buyers competing for limited stock, particularly at the market’s lower end, supported by strong population growth. This competition, amid a severe shortage of listings, has accelerated price growth and compressed selling times. Future momentum relies on the persistent supply-demand imbalance, though the primary constraint remains the acute shortage of quality housing stock.
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PropCred Estimated Value

Bedrooms

Bathroom

Parking

2

Land

3128mΒ²

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