46/2 Goderich Street, East Perth WA 6004
46/2 Goderich Street, East Perth WA 6004
Spacious 123m² layout | Two secure car bays | Executive-grade finish | Flexible extra room | East Perth lifestyle hub
This unit holds a genuine competitive edge in East Perth’s apartment market. At roughly 123m² with two dedicated parking spaces, it sits well above the compact one-bedroom stock that dominates the immediate precinct. The open-plan living and kitchen area, private balcony, and split-system air conditioning make it feel more like a lock-and-leave house than a typical city apartment. The additional flexible room — whether used as a study, nursery, or guest space — adds practical versatility that most nearby units simply do not offer. This configuration is best suited to owner-occupiers such as professionals, downsizers, or couples seeking a secure, low-maintenance base within walking distance of the CBD, river foreshore, and major event venues. It is less aligned with pure investor stock, given its larger footprint and emphasis on lifestyle rather than rental yield maximisation.
The value of this property may be shaped by how the market interprets the additional room and the building’s overall condition. Comparable units within the same complex have traded across a wide range, suggesting fit-out, floor level, and views can materially affect price. The two-car provision is a notable advantage in a precinct where single-bay parking is common, and this could support stronger buyer interest. However, the property’s age, strata fees, and the exact legal classification of the extra room might influence perceived worth. Buyers should weigh these factors carefully when forming their own price view, as the premium for larger apartments in this area is not always consistent.
Detailed Independent Property Report prepared by PropCred Analyst team for 46/2 Goderich Street, East Perth WA 6004
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
2
URL has been copied successfully!
Market Insight
East Perth’s proximity to the CBD and transport infrastructure underpins its desirability. Demand is driven by investors and first-home buyers competing for limited stock, particularly at the market’s lower end, supported by strong population growth. This competition, amid a severe shortage of listings, has accelerated price growth and compressed selling times. Future momentum relies on the persistent supply-demand imbalance, though the primary constraint remains the acute shortage of quality housing stock.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: Unit 19 at 2 Goderich Street sold for $460k; Unit 47 sold for $650k | Property Price Band: $500k–$600k | Value Drivers: layout flexibility, two-car parking, building quality and presentation
Bedrooms
2
Bathroom
2
Parking
2
Land
3042m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!