27/216 Cambridge Street, Wembley WA 6014
27/216 Cambridge Street, Wembley WA 6014
Compact 1×1 apartment | Cambridge Street corridor | Entry-level Wembley stock | Investor and first-home buyer appeal | 42 mยฒ internal area
This apartment is positioned within a well-established Wembley complex along a main arterial corridor, offering the convenience of low-maintenance living close to local amenity and transport. The 42 mยฒ internal footprint is compact, which aligns this property primarily with first-home buyers seeking an affordable entry point into the suburb, or investors targeting a rental profile suited to singles and couples. The unit’s configuration as a one-bedroom, one-bathroom layout is typical of the area’s apartment stock, meaning it competes within a familiar buyer pool rather than standing out for rarity. Its last sale in early 2022 provides a recent price anchor, though market conditions have shifted since that transaction.
The property’s value may be influenced by the lack of confirmed details around floor level, aspect, and balcony or parking provision, as these factors can meaningfully affect desirability and price within a strata complex. A lower-floor unit facing the street may carry more noise exposure, while a higher or quieter aspect could command a premium. The absence of a specified car bay or storage cage might also narrow the buyer pool, particularly among owner-occupiers who prioritise parking. Prospective buyers should weigh the unit’s internal condition and any recent renovations, as these can either support or discount the asking price relative to comparable sales in the same complex.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 27/216 Cambridge Street, Wembley WA 6014
Market Insight:
Wembley is an established, well-located suburb experiencing strong demand driven by its proximity to key transport corridors and a mix of established and newer housing. The market is characterised by exceptionally tight conditions, with houses selling rapidly and a critically low rental vacancy rate indicating significant supply pressure. While this fuels robust price growth, particularly for units, the high entry point for houses presents a key affordability constraint for future buyers.