301/21 Kishorn Road, Applecross WA 6153

Top floor | North aspect | Boutique block of 21 | Applecross school catchment | Immediate rental demand This property occupies a genuinely scarce position in Applecross: a top-floor, north-facing apartment within a boutique block of only 21 residences. For a buyer, that configuration delivers superior natural light, reduced noise from above, and a level of privacy rarely found in larger developments. The north aspect and city outlook are not merely aesthetic—they underpin stronger long-term capital preservation and faster rental absorption compared to south or internally facing units. The property is best suited to a professional couple or downsizer who values walkability to the river, transport, and the Applecross Primary and Senior High School catchment, without the maintenance burden of a house. The inclusion of communal solar panels and smart entry adds a modest operational efficiency that supports tenant appeal. The primary risk is price relativity: the asking guide sits above recent comparable sales within the same building, which transacted between $670,000 and $685,000. A buyer must verify whether the top-floor premium and north aspect justify the gap, or whether the vendor’s expectation exceeds market evidence. There is no planning overlay risk, and the building’s low density limits future supply pressure. The opportunity lies in the suburb’s tight two-bedroom market—43 sales this year with a median above $900,000—and the property’s immediate rental income of $875 per week, which provides a holding buffer for an owner-occupier or a yield floor for an investor.