49/42 Terrace Road, East Perth WA 6004

Four bedrooms | four car bays | flood and heritage overlay | premium East Perth apartment This property occupies a rare position in the East Perth apartment market. A four-bedroom, three-bathroom configuration with four car spaces on a 389-square-metre lot is not typical for a 2002-built flat, and that combination alone limits supply and strengthens negotiating leverage for a buyer. The 70 percent owner-occupier rate on the street and the building’s long-term ownership base suggest stable, low-turnover living conditions, which reduce the likelihood of distressed sales or transient rental pressure. The estimated rental yield near $1,695 per week implies strong income potential, but the real advantage is owner-occupier appeal-executive couples, downsizers, or families seeking inner-city space without a house. The flood and heritage overlays are the primary constraints. Flood risk may raise insurance premiums and restrict some renovations, while heritage overlay limits external alterations and could delay approvals. However, these overlays also act as a barrier to speculative development, preserving the building’s character and limiting future competing supply. The NBN fibre-to-the-building and 5G coverage are functional advantages but not primary decision drivers. For a buyer seeking a large, well-located apartment with parking capacity that outperforms most competitors in the precinct, this property offers both scarcity and defensive characteristics-provided the strata finances and sinking fund are verified.