36/484 Fitzgerald Street, North Perth WA 6006

1-bedroom apartment | North Perth café strip | walk to Hyde Park | built 2016 | secure parking with storage. This unit offers a rare combination of modern construction and a walkable North Perth address, where one-bedroom stock under 80 square metres is scarce. The 2016 build means lower immediate maintenance and better thermal performance than older stock. Ducted cooling and heating, a balcony, and secure parking with storage make it a strong option for a professional first-home buyer or an investor targeting tenants who prioritise amenity over space. The current asking range sits well above the suburb median for one-bedroom units, which signals either a premium for quality or a pricing disconnect that needs scrutiny. The primary risk is price: the property last traded at $470,000 in May 2024, and the current range of $600,000–$690,000 represents a 28–47% uplift in under two years. That gap is not supported by market movement in North Perth one-bedroom units, where the median is $442,000 and days on market average only 14. The buyer is paying for scarcity of modern stock, not for value growth already realised. An opportunity exists if the property can be negotiated below $600,000, aligning closer to recent sales evidence. Hold this unit as a long-term inner-city base or a low-maintenance rental; capital growth will depend on wage growth in the professional demographic, not on further price acceleration.