25 Old Belvidere Promenade, East Perth WA 6004
25 Old Belvidere Promenade, East Perth WA 6004
Flood risk | 2012 price surge | floor plan discrepancy | 2001 build with thin balcony data
The property carries a confirmed flood overlay, which should raise underwriting and insurance cost concerns for any buyer relying on leverage. The 2012 resale at a premium suggests the suburb has already priced in much of its lifestyle value, leaving limited short-run capital upside unless the floor plan discrepancy 276m² vs 229m² resolves in the buyer’s favour. A prudent buyer would treat the listed area as unverified and commission an independent measure before committing; if confirmed, the property works best as a long-hold owner-occupier residence in a walkable riverside precinct.
This house sits well for a professional couple or downsizer who values secure off-street parking, a separate study, and outdoor entertaining over raw land size. The 276m² internal footprint is generous for the 323m² lot, making it rare in East Perth’s newer infill stock. Its key competitive edge is the combination of 2000s-era structure with reverse-cycle air and a balcony, which appeals to buyers avoiding extensive renovation. The flood overlay is manageable for a buyer paying cash or with a high deposit, but it will limit exit velocity in a slow market. To move forward, order a building and pest inspection, verify the floor area with the title, and ask your lender for a premium quote on flood-insured cover before you negotiate.
Detailed Independent Property Report prepared by PropCred Analyst team for 25 Old Belvidere Promenade, East Perth WA 6004
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
East Perth’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
3
Bathroom
2
Parking
2
Land
323m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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