33/124 Terrace Road, Perth WA 6000

1-bed riverfront fringe | single secure car bay | mature 10yr+ resident base | investor-first-home crossover This unit occupies a rare intersection of affordability and location—within walking distance of the Swan River and Langley Park while being priced below Perth CBD averages. The single car bay is a notable edge in this precinct where parking is scarce, and the building’s long-owner demographic signals low turnover and stable management. It serves best a cash-flow-focused investor or a professional buyer seeking low-maintenance city adjacency without premium strata. The main risk is size: a 1-bedroom footprint limits future buyer appeal, especially if family-oriented trends shift. Oppor-tunity lies in the rental yield—comparable units achieving $395–$410 per week point to a gross return above 7% at historical purchase prices. Hold as a long-term income property in a tightening inner-city market, or occupy while building equity; either way the location does the heavy lifting.