402/2 Bovell Lane, Claremont WA 6010

402/2 Bovell Lane, Claremont WA 6010
3 bed 2 bath 2 car | North facing with Lake Claremont views | Premium 2009 build in Claremont Quarter | High-end downsizer demand This apartment is positioned as a rare larger-format residence within Claremont’s premium quarter. Its northern aspect and Lake Claremont outlook are considered key differentiators, and the 2009 construction provides a modern low-maintenance base. The configuration is well suited to downsizers seeking space without house upkeep, as well as professionals wanting locked-in convenience near retail and dining. The building is understood to support lift-served, high-end apartment living, which strengthens appeal within a suburb where smaller or older units are more common. This property is therefore seen as serving buyer demand that values location, light, and consistent quality over land extent. Value may be influenced by the recorded lot and internal areas, which appear unusually compact for a three-bedroom unit, so the actual usable space should be weighed against the premium price band. The heritage overlay may need to be considered as a constraint on future alterations, while the high floor and orientation are thought to support ongoing rental appeal. Presentation, including the recent paintwork, and the quality of building amenities may also be reflected in buyer offers. >> Comparable Sales: 602/2 Bovell Lane sold $1.324M; 703/2 Bovell Lane price guide above $2M | Property Price Band: $1.3M–$2.0M | Value Drivers: north aspect, lake views, premium Claremont Quarter location, high-end building
Detailed Independent Property Report prepared  by PropCred Analyst team for 402/2 Bovell Lane, Claremont WA 6010
Checks found:
Value Risk
Liquidity Risk ! 1
Planning Risk
Income Risk ! 1
Execution Risk
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Market Insight

Claremont, WA 6010 holds a premium position in Perth’s property market, with median house prices ranging from $2.197m to $2.4m depending on measurement, and apartments at $888,000, up 7% annually. House price growth is reported between 5.8% and 16.1%, reflecting source variation. Demand is driven by high-income earners; household incomes remain well above Greater Perth. The market is tightly held: just seven properties are for sale, and houses sell in a median 13–14 days. Rental demand remains robust, with house rents at $1,200 weekly and unit yields around 4.2%. Constrained supply supports pricing, but affordability pressures and rate sensitivity, evidenced by 35% of owners holding mortgages, temper future appreciation.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

256m²

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