39/222 Hay Street, Subiaco WA 6008

39/222 Hay Street, Subiaco WA 6008
2-bedroom, 1-bathroom first-floor apartment with 74m² internal space, built in 1992 and oriented north. It includes one secure car space and sits on a shared 2,156m² lot in Subiaco. The property is considered competitively strong due to its north-facing aspect, which provides better light and warmth compared to many units in the area. This layout is sought after by buyers prioritizing low-maintenance living in an inner-city setting. The unit is well-positioned for downsizers or professionals who value proximity to Subiaco Village and transport links. Its secure parking and NBN connectivity add to its practicality. While typical in age and size for the suburb, the north orientation gives it an edge in desirability. The value of this property may be affected by its position on a shared land lot, which limits private outdoor space. The seasonal closure of the shared pool might reduce appeal for some residents. Additionally, the building’s 1992 construction could warrant attention to future maintenance. These factors should be weighed when forming a view on price.
Detailed Independent Property Report prepared  by PropCred Analyst team for 39/222 Hay Street, Subiaco WA 6008
Checks found:
Value Risk
Liquidity Risk
Planning Risk ! 1
Income Risk 2
Execution Risk ! 1
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Market Insight

Subiaco is a vibrant, sought-after suburb experiencing a renaissance, attracting lifestyle-focused first home buyers, downsizers, and investors. Strong buyer demand is driving robust price growth across both houses and units, with the market moving swiftly. Its enduring appeal and prime location underpin long-term potential, though high house prices present a significant affordability constraint, while the limited availability of apartments may further pressure the market.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

2156m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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