29/34 Kings Park Road, West Perth WA 6005
29/34 Kings Park Road, West Perth WA 6005
This is a 2-bedroom, 2-bathroom apartment on level 4 with a 90m² floor area, a balcony, air conditioning, dishwasher, and an on-site gym. It sits within a 122m² land lot and has one open car space.
What is competitively strong here is the combination of a genuine two-bedroom layout with two bathrooms, which is relatively uncommon in West Perth’s low-rise apartment stock. The property is positioned well for buyers who want central proximity without the density of a high-rise tower. The heritage overlay in the area suggests a more established, character-driven streetscape, which can support long term desirability. This unit best suits an owner-occupier who values location and space, or an investor targeting a stable rental yield near the city fringe. The on-site gym and balcony add practical appeal that strengthens its position against older stock in the suburb.
The bushfire overlay is a factor that may affect insurance costs and could be flagged by lenders, though it does not necessarily limit livability. The heritage overlay might restrict future modifications to the building envelope, which is worth understanding if you plan any upgrades. The building age is not explicit, but the heritage context suggests it may be older, so you should verify the condition of common property and any sinking fund arrangements. Rental demand appears solid at $825 per week, but you should confirm recent vacancy trends in the immediate area. These factors do not undermine the property’s value but should be weighed when forming your price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 29/34 Kings Park Road, West Perth WA 6005
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
West Perth is a tightly held inner-city suburb positioned for sustained demand, driven by its proximity to the CBD and robust transport links. Demand is fuelled by strong population growth, including interstate and overseas arrivals, while a chronic undersupply of housing stock creates intense competition, accelerating capital growth as evidenced by recent rapid price appreciation. Future growth is anchored in this persistent supply-demand imbalance, though affordability pressures and interest rate sensitivity remain key constraints for the market.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
122m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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