28/40 Wellington Street, East Perth WA 6004

28/40 Wellington Street, East Perth WA 6004
3-bedroom in a 2-bed suburb | 2-car parking in an apartment belt | 99 m² floorplate above typical unit stock | close-in city position with household appeal This apartment is competitively positioned because three-bedroom units with two car spaces are not common in East Perth’s apartment market, which skews toward smaller investor stock. The 99 m² floor area and dedicated parking give it genuine household appeal, making it suitable for owner-occupiers who want inner-city access without the compromises of a two-bedroom layout. The larger site footprint suggests a complex with shared amenity and building depth, which can support livability and resale interest from downsizers or professional couples who need space for guests or home work. The price point may need to be weighed against the building’s age and floor level, neither of which is confirmed from the available information. A lower floor or older construction could narrow the buyer pool compared to newer towers in the precinct. The main-road address along Wellington Street might introduce noise exposure or traffic proximity, which could affect perceived value for some buyers. These factors are worth verifying before forming a view on price, as they can shift the property’s appeal within the broader East Perth apartment market.
Detailed Independent Property Report prepared  by PropCred Analyst team for 28/40 Wellington Street, 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

2172m²

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