5/231 South Terrace, South Fremantle WA 6162
5/231 South Terrace, South Fremantle WA 6162
Small complex | heritage character | 1920s build | South Fremantle | 2-bed apartment
This apartment sits within a tightly held seven-property complex on a prime South Fremantle street, offering a rare combination of small-scale living and heritage fabric. The 1920s building, with detected solar panels and a 64% site coverage, signals a well-considered use of space that appeals to buyers seeking character without a full-house commitment. For an owner-occupier or downsizer, the configuration provides a foothold in a premium coastal suburb with 5G coverage and proximity to Fremantle amenities, while investors benefit from strong rental demand in a low-supply area.
The heritage overlay is the primary constraint, limiting external alterations and redevelopment potential, which may deter buyers seeking flexibility. The older building stock introduces maintenance obligations, and the single car space could be a limitation for households with multiple vehicles. However, the absence of bushfire or flood overlays reduces environmental risk, and the small strata arrangement typically means lower body corporate complexity. The opportunity lies in securing a character property in a location where comparable stock rarely turns over, with the heritage status acting as a natural barrier to future oversupply.
Detailed Independent Property Report prepared by PropCred Analyst team for 5/231 South Terrace, South Fremantle WA 6162
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
South Fremantle is a tightly held coastal suburb with a mature demographic, characterised by strong demand from both owner-occupiers and investors drawn to its walkable, vibrant location. This has driven robust price growth and a fast-moving market, with houses selling quickly amid constrained supply. Future performance is underpinned by its enduring lifestyle appeal and low vacancy rates, though high entry prices and limited stock present ongoing affordability and supply challenges.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
479m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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