Modern 1-bedroom | Fully furnished & turnkey | Pool & gym access | Strong rental yield profile
This unit presents a competitively strong, low-maintenance entry into the Perth market, distinguished by its full furnishing and immediate rental readiness. Its position within a building demonstrating consistent investor tenure and high rental demand caters precisely to the yield-focused buyer seeking a hands-off investment. The recent rapid leasing success underscores its market appeal.
Decision hinges on the nil parking provision, a permanent value constraint that will limit capital growth and tenant pool relative to comparable units. The building’s solid yield history, however, provides a clear commercial logic for a hold strategy targeting rental income. Acquire for yield, not for significant appreciation.
Recent comparable sales in the building establish a clear value framework:
– 510/126: Sold $400,000 (Jun 2025), rented at $600/week.
– 506/126: Sold $370,000, rented at $590/week.
– 312/126: Sold $340,000.
– 103/126: Sold $525,000 (2-bedroom).
This data anchors this unit’s likely value below $400,000, with its furnished state and recent tenancy supporting a premium within that bracket. The consistent $550-$625 weekly rent range signals a reliable yield above 8% for a well-priced purchase.