29/119 South Terrace, Fremantle WA 6160
29/119 South Terrace, Fremantle WA 6160
2 bedroom strata apartment | Fremantle South Terrace | built 1995 | large shared land parcel | no confirmed parking
The property sits within a well-established strata complex on South Terrace, placing it close to Fremantle’s dining and retail core while offering the lower-maintenance lifestyle that many downsizers and professionals seek. Built in the mid-1990s, the complex is noticeably newer than much of the area’s historic terrace stock, which can reduce ongoing upkeep demands compared with older conversions. The generous shared land area of over 6,000 square metres may provide a more spacious communal environment than typical small apartment sites, adding a layer of appeal for buyers who value outdoor amenity without detached-house obligations. This configuration is best suited to an owner-occupier wanting a walkable base or an investor targeting steady rental demand in a proven location.
The absence of dedicated parking may be a material constraint for some buyer groups, particularly those accustomed to secure off-street spaces in similar inner-urban apartments. Without confirmed details on internal finishes, aspect, or floor level, the unit’s value relative to other offerings in the same building remains uncertain—premium-condition or larger units can command significantly higher prices, as demonstrated by recent sales evidence from within the complex itself. Strata governance and shared-cost obligations should also be carefully reviewed, as they affect both holding costs and future re-sale appeal. The property’s strongest value driver is its address and established complex quality, but the lack of parking verification means a careful inspection is needed to form a realistic price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 29/119 South Terrace, Fremantle WA 6160
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Fremantle is a high-demand coastal suburb positioned as a lifestyle hub with strong transport links to its vibrant CBD and Perth. Demand is driven by owner-occupiers and investors attracted to its character homes, low stock levels, and sustained rental appeal from its beachside community. The market exhibits exceptionally strong price growth across both houses and units, with properties selling rapidly in a competitive environment. Future growth is underpinned by its enduring lifestyle appeal, though broader economic uncertainties present a potential constraint.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
-
Land
1.5 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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